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Abdul Monem Group's bank accounts frozen

The customs authorities have frozen bank accounts of Abdul Monem Group and its sister concern for non-payment of customs duty and taxes worth Tk 6.74 billion.Sources said the Abdul Monem Sugar Refinery did not comply with the customs law on home consumption bond to import and refine raw sugar for...

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IMF uncomfortable as BD falters over revenue, forex targets

Revenue and forex reserves evoke major concerns as an International Monetary Fund (IMF) delegation starts stocktaking on Bangladesh's achievements against various targets set in a lending package for restoring macroeconomic stability deemed under stress. The visiting team is reviewing the progresses made so far ahead of releasing the next tranche...

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Green channel imports to get self-assessment facility from next FY

The customs authority is set to introduce a self-assessment system for import goods that come through the green channel from the next fiscal year (FY).The authority is incorporating the automated assessment system in the Asycuda World to reduce time and cost of import goods, officials said.Under the system, importers would...

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Tech start-ups fear tax break expiry could stifle growth

The country's tech entrepreneurs have expressed concern about the sustainability of their businesses once a tax break for the IT sector expires in June this year. The government's vision of building a 'Smart Bangladesh' could be affected if the software and technology sector suffers a setback, they argued. The current...

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Six killed as truck falls into Sajek ditch

A truck has fallen into a roadside ditch at Sajek in Rangamati's Baghaichari area, killing at least six labourers and injuring eight others, reports bdnews24.com The accident occurred in the Nobboi Degree area on Udaypur Road around 7pm on Wednesday, said Shirin Akter, chief executive or UNO of Baghaichari Upazila...

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Prayer Timings (2024-04-25)

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