Shamsul Huq Zahid | 2014-04-02 00:00:00
None -- no matter whether he or she is a citizen of a rich country or that of a poor one -- likes to pay tax because payment of tax would erode his or her income or profit. Yet the...
FE Report The interest rate spread in the country's banking sector crossed 5.0 per cent again in February as the interest rate on deposit decreased while the same on advances remained almost unchanged. "The interest rate on deposits may fall...
FE Report Finance Minister AMA Muhith sought Tuesday budgetary assistance from the World Bank for bringing some reforms. "The government will undertake some reforms in the banking sector, social safety-net system and food distribution system in the upcoming budget," Mr...
Post, Telecommunications and ICT Minister Abdul Latif Siddique told the Jatiya Sangsad Monday that the government is turning 8,500 post offices into e-centres aimed at reaching information and communication technology service to the rural people across the country. Replying to...
Customs officials at Hazrat Shahjalal International Airport arrested two air passengers and recovered 62 gold bars worth about Tk 35 million (3.5 crore) from their possession on Tuesday. The arrestees were identified as Dulal Hossain (34) and Shahidur Rahman( 46). ...
FE Report | 2014-04-01 00:00:00
Japan will extend grant aid of approximately US$ 23.5 million for the improvement of airport safety and security systems of Bangladesh. Under the project, the grant will be used to install air safety and security facilities such as new primary/secondary...
India's Apr-Feb fiscal deficit at $100b NEW DELHI, Mar 31: Fiscal deficit in the first eleven months of the 2013/14 financial year touched Rs 5.99 trillion($100.03 billion), or 114.3 per cent of the full year target, government data showed on...
Growth in US manufacturing accelerated in March from the previous month. The Institute for Supply Management's growth index rose to 53.7 from 53.2 in February. A reading above 50 indicates expansion. Manufacturing was spurred on by factories' productivity as they...
DHAKA: Defending champions West Indies charged into the World Twenty20 semi-finals with a spectacular 84-run win over Pakistan in a key Super-10 match in Dhaka Tuesday. The West Indies recovered from a top-order meltdown to post 166-6 after electing to...
SHANGHAI, Mar 31 (AFP): Chinese telecommunications equipment giant Huawei on Monday pledged to protect cyber security, following reports this month that a US government agency had been secretly tapping the company's networks. The New York Times and Germany's Der Spiegel...
TOKYO, Mar 31 (AFP): The yen eased in Asia Monday as surprisingly weak Japanese factory output boosted speculation that the Bank of Japan would expand its stimulus programmeme to prop up the world's number-three economy. In afternoon Tokyo trade, the...
Rezaul Karim | 2014-04-01 00:00:00
The government is going to take steps soon to ensure use of the newly-built Pangaon inland container terminal (ICT) making it attractive to the traders, officials said. "We are trying to increase operation of the modern terminal through motivation of...
y0MANILA, Mar 31 (Xinhua): The Asian Development Bank (ADB) said Monday that it has provided a loan of US$350 million for the construction of a 320-megawatt geothermal power plant in North Sumatra, Indonesia. Under the loan package for the Sarulla...
Japan has raised its consumption tax for the first time in 17 years in an attempt to rein in public debt. From Tuesday, sales tax will increase from 5 per cent to 8 per cent. It will rise again, to...
LONDON, Mar 31 (Xinhua): The Bank of England on Monday said loan approvals declined in February, confirming a weaker picture on banks' lending recovery. The mortgage approvals for new house purchase fell from 76,753 in January to 70,309, well short...
COLOMBO, Mar 31 (Reuters): Sri Lanka's annual inflation rate in March hovered at a 25-month low of 4.2 per cent, unchanged from February, the Department of Census and Statistics said on Monday. Annual average inflation, measured on a 12-month moving...
ISTANBUL, Mar 31 (AFP): The Turkish economy grew by 4.0 per cent last year, official data showed on Monday, after an unexpectedly firm fourth quarter, but analysts warned of a slowdown amid political uncertainty and tightening credit. The growth data...
NICOSIA, Mar 31 (AFP): Eurogroup chief Jeroen Dijsselbloem said Monday he was confident that Cyprus's bailed out economy will recover in a "short period of time" despite the harsh "haircut" slapped on savings. The Dutch finance minister was visiting the...
TOKYO, Mar 31 (AFP): Japanese factory output contracted in February, data showed Monday, a surprise decline that highlighted the uneven economic recovery in the world's number three economy as consumers brace for a sales tax hike. The 2.3 per cent...
SINGAPORE, Mar 31 (AFP): Oil prices eased in Asian trade Monday as dealers booked profits after strong gains last week fuelled by positive US economic data and the tensions in Ukraine. New York's West Texas Intermediate (WTI) for May delivery...
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