Doulot Akter MalaThe National Board of Revenue (NBR) has been receiving better response from people investing undisclosed income on land, property and vehicles compared with those legalising their untaxed income through payment of penalty.The income tax department will be able...
FE ReportThe total turnover on the Dhaka Stock Exchange (DSE) Tuesday whopped to Tk 2.344 billion, the highest ever amid a continued rally of share prices.The turnover crossed Tk 2.0 billion-mark on the day after a 23 days' gap when...
Former Communications Minister Anwar Hossain Manju was Tuesday sentenced to 5 years imprisonment in absentia for possessing contraband liquor, report agencies.Metropolitan assistant sessions judge Syed Zahed Mansur delivered the judgement after examining the prosecution witnesses and records.The court also fined...
BANDARBAN, June 26: Two staff members of the Danish International Development Agency (DANIDA), a donor agency, were abducted by armed miscreants from Kheburipara in Thanchhi Upazila Monday afternoon.Police said 10-12 masked gunmen picked up DANIDA project officer Shahid Suman and...
A businessman was killed by unidentified assailants in the city's North Kafrul area Monday night. The victim was identified as Mubashsher Hasan (30), son of Haji Momtajuddin of Monoharganj village under Laksham Upazila in Comilla district. The police said Mubashsher,...
More than 300 indoor doctors of the BIRDEM continued their work abstention for the second day Tuesday causing immense sufferings to the patients. They went on work stoppage demanding regularisation of their service. Many patients were seen leaving the hospital....
A businessman was killed by unidentified assailants in the city's North Kafrul area Monday night. The victim was identified as Mubashsher Hasan (30), son of Haji Momtajuddin of Monoharganj village under Laksham Upazila in Comilla district. The police said Mubashsher,...
M Azizur RahmanEnergy and Power Adviser Tapan Chowdhury has assured the visiting International Atomic Energy Agency (IAEA) delegates of utilisation nuclear reactor only for power generation if the country goes for installation of nuclear power plant."We will be transparent if...
Krishna Guha, FT Syndication ServiceWASHINGTON: The World Bank board has unanimously approved the nomination of Robert Zoellick to succeed Paul Wolfowitz as president of the bank. The 24-member board praised Monday Mr Zoellick's "strong leadership and managerial qualities" as well...
The Advisers Economic Affairs Committee Tuesday approved a proposal of the Power Ministry for forming a new power-distribution company for the country's north-western region, under the nomenclature 'North-West Zone Power Distribution Company Limited', reports UNB. The committee asked the Power...
FE Report The Bangladesh Bank (BB) has asked the commercial banks to abide by the Uniform Customs and Practice for Documentary Credit (UCP) 600 from July 1 to facilitate foreign trade. The central bank issued a circular in this connection...
Country's political parties can seek permission from the government to hold council meetings to bring about reforms in the parties despite a ban on indoor politics, an adviser said Tuesday, reports bdnews24.com. Communications Adviser MA Matin said the interim administration...
FE ReportThe Securities and Exchange Commission (SEC) at its regular commission meeting Tuesday rejected the application of the First Security Bank seeking permission to float their Initial Public Offerings (IPOs) due to some problems.Earlier, First Security Bank Limited, a third...
FE Report Bangladesh will receive loans totaling US$465 million from the Asian Development Bank (ADB) to support the country's Sustainable Power Sector Development Programme. The ADB board approved the loans in a meeting held at its headquarters in Manila, said...
Chief Adviser (CA) Fakhruddin Ahmed Tuesday noted with satisfaction a laudable contribution of the RMG sector to the national economy, and urged the BGMEA leaders to follow the compliance guidelines in paying salaries to the garment employees, reports UNB.He assured...
FE ReportBangladesh Ceramic Ware Manufacturers' Association (BCWMA) Tuesday said some of the proposed budgetary measures will seriously affect the country's ceramic industry that earned $ 32.80 million through exports in fiscal 2005-06.According to BCWMA, the ceramic industry showed a whopping...
Cyclone kills 14 in Pak coastGWADAR, July 26 (Agencies): A powerful cyclone lashed Pakistan's southern coast Tuesday, killing at least 14 people, leaving dozens more missing and forcing tens of thousands to flee their homes, officials said. The second deadly...
FE Report The International Finance Corporation (IFC), the private sector arm of the World Bank, Tuesday announced that Export Import Bank of Bangladesh Limited (Exim Bank) was joining its Global Trade Finance Programme. The IFC is providing Exim Bank with...
FE ReportThe US dollar gained slightly against the Bangladesh taka (BDT) Tuesday in the inter-bank foreign exchange market, as the demand for the greenback was higher, fund managers said.The exchange rate of the dollar against the BDT ranged between Tk...
UPDATED import statistics, compiled by the Bangladesh Bank, shows that the over-all imports of the country in the first eleven months of the outgoing fiscal rose by 14.88 per cent. A recent report in this paper, which quoted it, said...
Qazi AzadWHILE talking on the proposed budget at a meet, arranged by the Economic Reporters' Forum in Dhaka last Thursday, the Finance Adviser Dr. Mirza Azizul Islam responded to a proposal by some former law-makers and former ministers for having...
Fazle Rashid from New YorkDRAMATIC changes are going on in the airline industry. Once a booming business, the industry is now going through a very critical patch. The immediate reasons for the travails are skyrocketing of oil price and shrinkage...
Andrew WardUS President George W. Bush last Friday hailed the rapid growth in economic ties between the US and Vietnam but warned that the broader bilateral relationship risked being soured by Hanoi's recent clamp down on pro-democracy activists.Mr Bush delivered...
RECENTLY one of the Advisors has accused the businessmen for their non co-operation in bringing down the prices of the essentials, despite the government effort and incentive provided to the traders and importers in the form of rebate in tariff....
SO we want to change the name of the airline. But the arguments forwarded are not very convincing. Many of us would feel nostalgic about "Biman". Anyway, Bangladesh Airlines Limited is also fine. But one caution! We must be careful...
We all are mourning the death of two hawkers who were run over by a speeding pick-up van on June 22 last at Bangabandhu Avenue. The incident took place when hundreds of hawkers gathered at the makeshift market near Gulistan...
Dr. Rashid ul Ahsan Chowdhury IN recent times, the continuous price spiral of essential commodities in the market has created a dilemma and embarrassment for the government. The price of essential commodities like rice, wheat, chickpeas, garlic, edible oil, sugar...
Ahmed Showkat MasudThe price situation concerning price of essential consumer items is now the much-talked about issue at both government level as well as among the common people. Rate of inflation is rising. The price-hike of essential consumer items in...
Roel Landingin from CebuTHE Philippines is to step up tax audits of big companies in an effort to reverse tax collection shortfalls that have raised doubts over the government's plan to balance the budget next year while boosting spending on...
SINGAPORE, June 25 (AFP): From China to Singapore, Asia must nurture a culture of innovation if the region is to emerge as a formidable global player, the World Economic Forum (WEF) on East Asia was told today. With the cold...
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