DOULOT AKTER MALA | 2020-06-25 00:00:00
Slashing of corporate tax in the budget is unlikely to help bring down the effective tax rates of companies, hamstrung by a set of new provisions.Despite the cutback on corporate tax for non-listed firms, the effective tax rate of a...
Nafisul Abrar | 2020-06-25 00:00:00
Travelling is one of the most popular leisure activities among the youth of today. The ease of access to information related to traveling through internet and the availability of budget flights have made traveling very accessible among the millennial generation....
Helal Uddin Ahmed | 2020-06-25 00:00:00
When the Covid-19 pandemic spread to other nations of the world from China, the mass media of Bangladesh were quite vocal in sounding alarm bells that the country was ill-prepared to deal with the outbreak. Still, for a long time...
Md. Abdul Karim | 2020-06-24 12:00:00
The annual UN climate talks (Conference of the Parties, COP 25) closed in disappointment on December 15, 2019 in Madrid after two weeks of lengthy discussions. Countries failed to agree on most of the issues including rules to set up...
Doulot Akter Mala | 2020-06-24 00:00:00
The government's revenue collection in the current fiscal year is likely to contract for the first time since the country's independence in 1971. The slump in tax collection as the fallout of the coronavirus pandemic may result in lower taxation...
Munima Sultana | 2020-06-24 00:00:00
On-demand bicycle renting service will be launched in the city's Gulshan, Banani, Baridhara and Niketan areas today (Wednesday) for providing a safe, affordable and environment-friendly transport system amid the COVID-19 pandemic.More than 100 bicycles under the Jobike service will be...
Nazimuddin Shyamol | 2020-06-24 00:00:00
CHATTOGRAM, June 23: The Chittagong Port Authority (CPA) started operation of a lighterage jetty on Tuesday six years after it was inaugurated in the port city's Sadarghat area.A couple of ships, loaded with containers, cast anchor at the jetty in...
SYFUL ISLAM | 2020-06-24 00:00:00
Fifteen Engineering Procurement Construction (EPC) companies have submitted bids for getting work on setting up of a 50-megawatt (MW) state-owned solar power plant at Sonagazi in Feni district. The companies, mainly from China, have either submitted bids by their own...
MUNIMA SULTANA | 2020-06-23 00:00:00
The metro rail authorities are facing a big challenge in checking the spread of coronovirus along its 20-kilometre open space construction site after detection of Covid-19 infection cases in one project area.Sources said around 20 to 25 persons including two...
Doulot Akter Mala | 2020-06-23 00:00:00
The National Board of Revenue's (NBR) Customs Wing is eyeing an additional Tk 20 billion import duty with the withdrawal of fiscal incentives on furnace oil import.In the Finance Bill 2020, the finance minister proposed imposition of 12 per cent...
Siddique Islam | 2020-06-23 00:00:00
The central bank has recommended the Ministry of Finance (MoF) not to impose the proposed source tax on the government securities, whose trading is set to start in the stock market within a couple of months.If the proposed tax measure...
Nazimuddin Shyamol | 2020-06-23 00:00:00
CHATTOGRAM, June 22: The work on the second unit of Eastern Refinery Limited (ERL) has started again after the end of coronavirus-related general holidays. Sources said Tecnip of France, the company responsible for the job, has already completed the design...
Hasnat M Alamgir | 2020-06-23 00:00:00
Before even the Covid-19 pandemic brought in another layer of health hazard and employment insecurity for Bangladesh's garment workers, mounting social and public pressure and rising consumer expectations after a series of factory fires and building collapses had put the...
DOULOTAKTER MALA | 2020-06-22 00:00:00
Export-oriented industries are set to enjoy a relief from furnishing declarations to the VAT authority on usage of raw materials for manufacturing the finished products.However, only the 100 per cent export-oriented industries will be entitled to enjoy the facility. The...
ISMAIL HOSSAIN | 2020-06-22 00:00:00
The Bangladesh Telecom Regulatory Commission (BTRC) has finally imposed two restrictions on Grameenphone (GP) under the Significant Market Power (SMP) guidelines, aiming to create a level playing ground for all telecom operators. The restrictions will come into effect on July...
SIDDIQUE ISLAM | 2020-06-22 00:00:00
The central bank has slashed cash reserve ratio or CRR by 100 basis points to 1.5 per cent from the existing 2.5 per cent for non-banks in a move to help the sector overcome liquidity constraints, amid the pandemic.Under the...
NAZIMUDDIN SHYAMOL | 2020-06-22 00:00:00
CHATTOGRAM, June 21: After long 10 years a Bangladeshi flag carrier ship anchored at the jetty of Chittagong port on Sunday. The Bangladeshi flag carrier ship MV Sierra will start its maritime vogue on Tuesday next with export containers from...
Shamsul Huq Zahid | 2020-06-22 00:00:00
Before the first case of Covid-19 was detected in the country on March 08 last, the stock market had been in a moribund state. All attempts to buoy it up failed miserably. Trading in the bourses remained suspended between March...
DOULOT AKTER MALA | 2020-06-21 00:00:00
Banks may have to verify inconsistencies in the information businesses will provide in VAT returns and financial reports before approving a loan application.The lenders may also have to notify the VAT intelligence team immediately if they suspect tempering of turnover...
REZAUL KARIM | 2020-06-21 00:00:00
New York State Department of Financial Services (NYSDFS) has sought a guarantee paper or a strategic business plan for operation of Janata Exchange Company, USA following alleged financial discrepancies amounting to Tk 51 million, sources said.The operation of Janata Exchange...
Mohammad Mufazzal | 2020-06-21 00:00:00
Dhaka Stock Exchange (DSE) is yet to launch the Exchange Traded Fund (ETF) despite the gazette on the rules of this fund was published three years back.The DSE officials said the ETF could not be launched within expected timeframe due...
REZAUL KARIM | 2020-06-20 00:00:00
Fearing a possible scarcity of protective gear in the country amid the ongoing coronavirus pandemic, the home ministry has suggested strict vigilance and monitoring on production, supply, import and marketing of such items. Citing its own special report, the ministry...
Siddique Islam | 2020-06-20 00:00:00
The central bank has relaxed regulations allowing non-resident investors to repatriate sales proceeds of their shares in non-listed companies aiming to attract foreign direct investment or FDI in Bangladesh.Under the rules, authorised dealer or AD banks are allowed to remit...
KANAI MONDAL | 2020-06-20 00:00:00
KHULNA, June 18: The embankments of Koyra in Khulna affected by the cyclone Amphan, have not been repaired. The local residents of the upazila have been working tirelessly on voluntary basis for about 25 days to repair the embankments. Every...
NAZIMUDDIN SHYAMOL | 2020-06-20 00:00:00
CHATTOGRAM, June 19: Karnaphuli Gas Distribution Company Limited (KGDCL) has taken up a new project worth Tk 2.13 billion (213 crore) to set up new gas lines at Sitakunda and Mirerswari for the industrial zones in Chattogram. The new lines...
Babul Barman | 2020-06-20 00:00:00
Stocks ended lower in the post-budget week as investors found nothing special for the capital market development in the proposed budget.Week-on-week, DSEX, the key index of the Dhaka Stock Exchange, went down by 6.73 points or 0.17 per cent to...
M Nurul Alam | 2020-06-20 00:00:00
Finance Minister AHM Mustafa Kamal, MP proposed allocation of a significant amount of fund in the budget for the fiscal year 2020-21 to face the challenges posed by the Covid-19 pandemic. Tk 100 billion has been allocated under a stimulus...
Tapash Chandra Paul | 2020-06-20 00:00:00
Being in the corona war, policymakers worldwide are engaged in damage-control of the economic losses at the moment and preparing for confronting the upcoming economic crisis. In addition, there are evidences and indications that financial and banking industries around the...
Md. Asiful Huq | 2020-06-20 00:00:00
Securitisation -- an alternative and inevitable modern structured finance instrument - can meet ongoing increasing financing needs of large state-run development projects and of both public sector and private sector companies' development and expansion plans to lessen excessive burden on...
Asjadul Kibria | 2020-06-19 12:00:00
Every year when the finance minister unveils the annual national budget, a set of budget document is released by the ministry of finance. One of the documents is 'Bangladesh Economic Review.' Although it is not a budget-related core document like...
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