FE ReportThe Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, said the imposition of tax on income of companies from trading of shares is premature and counter-productive as the capital market is still developing."The measures proposed for capital gain tax...
FE ReportCentre for Policy Dialogue, the local think-tank, Friday termed a 6.7 per cent growth target for 2011 financial year "ambitious", saying the government will require more investments to achieve that."Growth target for FY11 has been ambitiously set at 6.7...
FE ReportThe Foreign Investors' Chamber of Commerce and Industry (FICCI) said the proposed budget is somewhat ambitious with possible heavy dependence on the bank borrowing. FICCI said: "We feel that it will require strong monitoring to achieve the goals of...
JOHANNESBURG, June 11 (AP): The first World Cup ever held in Africa opened Friday in a dazzling burst of joy, color and noise - and just a tinge of sadness.Before a jubilant, horn-blowing crowd in Soccer City, the spectacular stadium...
President of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Annisul Huq welcomed the increased allocation in power and energy sectors, reports BSS.In his reaction to the proposed national budget, he said the business community was happy that allocations...
As a freedom fighter, the service of Chief of Air Staff Air Marshal SM Ziaur Rahman, ndc, fawc, psc has been extended by next two years with effect from June 13. Air Marshal SM Ziaur Rahman took part in the...
Two more Neemtali fire victims have died at the Combined Military Hospital (CMH) pushing up the death toll to 121. Hospital sources said Mahmuda (32), died on Thursday night and Ijja (12), died on Friday morning. Fourteen burn victims were...
A housewife and her two children were found dead at their residence at Jurain in the capital Friday, police said. The police believe Farzana Kabir Rita (35), her son Pavel (13) and daughter Payel (12) might have poisoned themselves to...
Mahmudur RahmanThe Finance Ministers sound almost apologetic whenever the issue of legalising black or undisclosed money is raised. It began with the provision of payment of a certain amount of tax, was then revised into a policy allowing investments in...
FE ReportTransparency International Bangladesh has expressed concern over the provision of legalising undisclosed money in the budget for 2010-2011. It said the provision would encourage corruption in a massive way.The national chapter of the Berlin-based anti-corruption watchdog said Friday the...
Our CorrespondentCHITTAGONG, Jun 11: Chittagong Chamber of Commerce and Industry (CCCI) president MA Latif, MP, has hailed the budget as an overall welfare-oriented and balanced budget.In an instant reaction to the budget Chittagong chamber head MA Latif, also a ruling...
FE ReportThe country's textile millers have criticised the proposed budget as it has overlooked the role of the backward linkage industry, which will discourage investment.Abdul Hai Sarker, president of Bangladesh Textile Mills Association (BTMA), in a statement, said: "Global recession...
Our CorrespondentCHITTAGONG, June 11: CSE President Fakhor Uddin Ali Ahmed in his budget reaction appreciated performance of the growth in remittance which is undoubtedly a remarkable achievement for us while the global remittance flow shrank. He said that the global...
FE ReportThursday's national budget has largely drawn mixed reactions from the leaders of the Information Technology sector, which they cited for coming short of "a number of vital fiscal measures" to take the highly potential sector to the next level.While...
FE ReportDhaka Stock Exchange (DSE) displayed a shining performance for the fourth consecutive week that ended Thursday, as its price indices continued to set new records.Energy issues dominated the week expecting a good news from the budget speech. However, the...
FE ReportThe areas of investment under Corporate Social Responsibility (CSR) are set to expand in 22 social development sectors from next fiscal.The Finance Bill-2010 has proposed to expand the sectors and cut its conditions to offer the 10 per cent...
FE ReportThe government is set to allow the small income taxpayers in businesses and professional houses to pay minimum tax for three consecutive years under the newly introduced spot assessment system. The proposed budget for fiscal 2010-2011 has kept the...
JOHANNESBURG, June 11 (AFP): Hosts South Africa drew 1-1 with Mexico in the opening Group A match at the World Cup finals here Friday.Siphiwe Tshabalala had given the South Africans the lead in the 55th minute but the Mexicans levelled...
FE ReportThe government has slashed allocation for fire service and civil defence in the budget for 2010-2011 despite the country witnessing its deadliest ever fire incident last week that killed 119 people. The finance minister in his budget speech proposed...
The Cabinet on Sunday adopted a draft law for the development of tourism in the country. A ten-year-long mega plan would be made for the development of tourism sector in phases. It is envisaged that Bangladesh has the potential to...
Enayet Rasul BhuiyanMedia reports focused on a Cabinet decision this week about hounding down all depots of chemicals or fire-causing type of inflammable materials stored within residential areas of the city. The stocks of such risky materials will now be...
Maswood Alam KhanA World War among 32 nations with 352 players vying with a leather bag filled with air and more than 26 billion viewers is due to start today -- a World War no less fiercer than a clash...
IS it possible to decentralize the government and move a big part of it outside Dhaka, may be in Joydebpur area or in Tangail? Also, is it possible to limit the population of Dhaka? Something drastic should be done to...
FASTING Muslims in Bangladesh were only rudely shocked during the last Ramadan when prices of essential foods and kitchen items soared in sharp contrast to the prior swearing by the commerce minister that such an happening would be assuredly prevented....
BRTC's new CNG bus service is a boon for city commuters what with the city packed with dilapidated buses and mini-buses that carry passengers in the city but are extremely crowded and seating uncomfortable with ridiculous leg space. But when...
Chris PattenStart from the top. Over the past half century, the European Union (EU), the largest economy in the world, has been a spectacular success. On a blood-soaked continent, it has buried the worst xenophobic nationalism of the past without...
M S SiddiquiThis is era of global village where people live together with active cooperation of each other. People collaborate with each other in order to survive and live a better life. All the aspects of the human society, the...
TOKYO, June 10 (Bloomberg): Asian stocks rose, led by energy producers, and Standard & Poor's 500 index futures gained after economic reports from the US to Japan to Australia showed accelerating growth. The New Zealand dollar advanced after the central...
NEW YORK, June 10 (Reuters): Stock index futures pointed to a higher open for Wall Street Thursday, rebounding from falls in the previous session, with futures for the Dow Jones, S&P 500 and Nasdaq up 0.9 to 1.1 per cent...
MUMBAI, June 10 (Economic Times): Indian markets gained momentum and moved above psychological resistance levels as sentiments turned bullish following bounce back in Europe. At 2:20 pm, National Stock Exchange's Nifty was at 5058.10, up 57.80 points or 1.16 per...
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