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NBR rejects no-VAT pleas for two Rohingya projects

Doulot Akter Mala | 2018-05-01 00:00:00

National Board of Revenue (NBR) ruled out pleas of VAT (Value Added Tax) exemption for two projects, initiated in Cox's Bazar and Hatiya for the forcibly-displaced Rohingya population of Myanmar, official sources said.The proposals for VAT waiver were made separately...

Land acquisition process for Araihazar EZ at final stage

Talha Bin Habib | 2018-05-01 00:00:00

The land acquisition process to set up Araihazar Economic Zone (AEZ) in Narayanganj district is now at the final stage, an official said."We are working on it. We hope we will be able to finalise the land acquisition process for...

Facebook imposes tough censorship

Billy Ahmed | 2018-05-01 00:00:00

Facebook, known as the world's prodigious social media company, for the first time opened up the touchstone or the pattern it uses to censor speech on its forum, absolutely at its own discretion, and with no legal oversight or recourse.Facebook's...

Introducing self-attestation

Md. Rizwanul Islam | 2018-05-01 00:00:00

Attestation is such a ubiquitous thing that there will be hardly anybody who does not have to go through the process of attestation. Attestation is an essential prerequisite for getting admitted into educational institutions, job application process, obtaining licenses, many...

The nowhere people: Rohingyas in India

Neeta Lal of IPS in New Delhi | 2018-04-30 00:00:00

A devastating fire in a shanty at Kalindi Kunj, a New Delhi suburb, that gutted the homes of 226 Rohingya refugees from Myanmar, including 100 women and 50 children, has trained a spotlight on India's ad hoc policy on international...

July-Mar import up 14pc on food grains, fuel oils

Siddique Islam | 2018-04-30 00:00:00

The country's overall import grew by more than 14 per cent in the first nine months of the current fiscal year (FY), 2017-18, mainly due to higher import of food grains and fuel oils, officials said.The settlement of letters of...

227 large cos not under LTU despite eligibility

Doulot Akter Mala | 2018-04-30 00:00:00

Some 227 large companies still remain under the purview of the field-level Value Added Tax (VAT) offices despite having eligibility to come under the functional supervision of Large Taxpayers Unit (LTU).These companies are paying above Tk 50 million VAT annually...

DCCI focuses on growth-oriented budget

Talha Bin Habib | 2018-04-30 00:00:00

The Dhaka Chamber of Commerce and Industry (DCCI) is going to place its budget proposals to the finance minister today (Monday), suggesting creating a better economic environment which will help attain eight per cent GDP growth in the fiscal year...

Technology can provide solution to plastic waste-related problems

Sarwar Md. Saifullah Khaled | 2018-04-30 00:00:00

This year's theme of the Earth Day was "End Plastic Pollution". To end the menace of such pollution, Bangladesh has already imposed a ban on production, marketing and use of polythene bags following the deleterious effects of polythene and plastic...

AI is built on trust

Ralph Haupter | 2018-04-30 00:00:00

The development of artificial intelligence (AI) is accelerating, enabling profound progress in every field of human endeavour - from healthcare to education to climate control and crop yields. By combining AI with natural human ingenuity, we are able to maximise...

How to get rid of polythene shopping bags

Neil Ray | 2018-04-30 00:00:00

Bangladesh has the enviable record of becoming the first country in the world to have banned polythene shopping bags. Many developed countries reportedly tried to emulate the feat rather unsuccessfully. But after 12 years of effecting the ban on production,...

Next budget: Tight revenue situation

Shamsul Huq Zahid | 2018-04-30 00:00:00

The process of making the national budget for the next financial year is already on. People at the Ministry of Finance (MoF) would soon burn midnight oil to locate sources of revenue essential for bankrolling the budget, particularly for an...

NBR orders 15pc VAT collection on ads in digital social media

Doulot Akter Mala | 2018-04-29 00:00:00

The National Board of Revenue (NBR) has instructed its field-level offices to ensure collection of 15 per cent Value Added Tax (VAT) on advertisements in the digital social media.Companies providing advertisement in different internet services, Youtube, Facebook and paying royalty...

Facilitating Indo-Bangla trade aimed at

Talha Bin Habib | 2018-04-29 00:00:00

A move is underway to make the two -way trade between Bangladesh and India through land-ports more easier and vibrant, according to sector insiders. Under the move, the government officials and businesses of the two countries will sit today (Sunday)...

MFs’ earnings witness substantial fall due to sluggish capital market

Mohammad Mufazzal | 2018-04-29 00:00:00

The earnings of most of the mutual funds declined significantly in January-March quarter of 2018 than that of the same period of previous year mainly due to 'correction' in the capital market.The earnings per unit (EPU) of some mutual funds...

Investments in the era of SDGs and LDC transition

Shamsul Alam | 2018-04-29 00:00:00

The private sector has been historically playing an important role in economic development of Bangladesh. Almost all the past medium-term development plans have relied on private financing for their implementation. In the seventh Five-Year Plan (7FYP), private sector is expected...

Is realism trumping populism?

Anatole Kaletsky | 2018-04-29 00:00:00

With economic conditions returning more or less to normal around the world after a decade of financial crises, nationalist populism is now seen as the biggest threat to global recovery. That was certainly true of the finance ministers who gathered...

Partnership between traditional banking and Fintech companies

ABM Kamrul Huda Azad and Hanna Vashchyla | 2018-04-29 00:00:00

Nearly 10 years ago, we used to pay mostly in cash. At that time we could not predict that we would be able to pay in 2018 by mobile phone or in cryptocurrencies and purchase by using fingerprint or smart...

Stocks face mild correction on profit booking

Babul Barman | 2018-04-28 12:00:00

The prime index of the Dhaka Stock Exchange (DSE) witnessed a mild correction last week that ended Thursday as risk-averse investors booked profit on sector-wise stocks.Market operators said the market backed to the red as many listed companies' quarterly earnings...

Rohingya girding up for monsoon

Inter-Press Service (IPS) article | 2018-04-28 12:00:00

Over 40,000 Rohingya families in Bangladesh's Cox's Bazar refugee camps have now been trained in shelter upgrade techniques ahead of the fast approaching monsoon and cyclone season. Women are playing a key role as part of a major project being...

How a small gadget has transformed the world

Nilratan Halder | 2018-04-28 12:00:00

If a person went into coma, say, 25 years ago or in the early 90's and regained his consciousness now, would s/he been able to recognise the world as it is now. S/he would not for one simple reason: the...

Country getting ready for post-ldc trade benefits

Syful Islam | 2018-04-28 00:00:00

As Bangladesh is poised to graduate to a developing country, the government is getting prepared to claim new facilities in the global market, officials said.The national committee on export, headed by Prime Minister Sheikh Hasina, will sit soon to devise...

Traders suggest setting up mango processing plants

Talha Bin Habib | 2018-04-28 00:00:00

As the mango harvesting season nears, traders suggested setting up mango ripening/processing plants in the country to ensure supply of better quality mango and increase its export.They also recommended specifying the harvesting timeframe in selected mango-growing areas.About 10 to 30...

Reviving jute’s lost lustre: A Swedish gesture

Md. Abdullah Al Hasan | 2018-04-28 00:00:00

Health-conscious people across the world are avoiding the use of harmful polythene and other synthetic materials in their daily lives. This change is creating a good demand for jute and jute goods. To seize this opportunity entrepreneurs in Bangladesh are...

'Uber-Pathao' ride-share's impact on Dhaka

Syed Mafiz Kamal and Noor A Ahsan | 2018-04-28 00:00:00

App-based ride-share services, including Uber, Pathao and the like, are transforming Dhaka's transport sector. Ride-share operations have emerged mostly in Bangladesh's capital, although they are expanding. Dhaka has a massive consumer base, rising incomes and an increasing internet penetration rate....

Administering wastewater management

Saleh Akram | 2018-04-28 00:00:00

As wastewater assumes mountainous volumes in different localities in many countries of the world including Bangladesh and as water is becoming increasingly scarce, recycling or reuse of wastewater could be an important weapon to combat the impending danger of receding...

Rejuvenating Bangladesh Railway

Helal Uddin Ahmed | 2018-04-28 00:00:00

Railway is a popular mass transportation system in the world with its origin in the 19th century. It has proved to be both passenger and environment-friendly -- especially suitable for mass transportation. But when the railway services are being modernised...

The champion of the 'have-nots'

Abdul Bayes | 2018-04-27 12:00:00

"It is not true that people stop pursuing dreams because they grow old, they grow old because they stop pursuing dreams" - Gabriel Garcia MarquezToday is the 82nd birthday of Sir Fazle Hasan Abed KCMG, the founder and chairperson of...

TCB to start selling essentials in first week of May

Talha Bin Habib | 2018-04-27 00:00:00

The Trading Corporation of Bangladesh (TCB) will start selling essential commodities from the first week of May, aiming to keep prices stable during the upcoming holy month of Ramadan, official said.The TCB will sell edible oil, sugar, lentil, dates and...

The tricky issue of lending rate

Shamsul Huq Zahid | 2018-04-27 00:00:00

The concessions being sought by the private commercial banks (PCBs) from the government to cope with the ongoing liquidity crunch have only exposed a series of failures of relevant parties. The latest demand from the Association of Bankers (ABB) to...