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VAT moles may recheck suspect business tax status

Doulot Akter Mala | 2016-10-06 00:00:00

The revenue board has armed the VAT intelligence with authority to recheck suspect business tax records already audited by the VAT-field offices. Officials said the VAT intelligence team could launch such re-audit on the basis of authentic information about anomalies.  ...

Biman owes Tk 20.27b to CAAB

Rezaul Karim | 2016-10-06 00:00:00

Non-payment of over Tk 22.27 billion in the form of different charges by the national flag carrier and another private airline has put the civil aviation authority in trouble, officials said. Biman Bangladesh Airlines and United Airways owe the money...

First national investment competition

Durlov Hossain | 2016-10-06 00:00:00

United International University (UIU) Finance Forum along with the UIU Career Counselling Centre (CCC) has brought the first national investment competition 'The Stockers Game' for aspiring finance professionals and students. UIU Finance Forum has taken this pioneering move to develop...

Constitution: Using gender-sensitive language

Md Osman Ali | 2016-10-06 00:00:00

'Agendering' refers to gender-neutral bodies in which women and men have equal opportunities, equal access to resources and power, and are equally safe and secure.  Agendering in a constitution refers to democratic principles which include rule of law, gender equality...

SDGs: Building a sustainable, resilient world

Saleh Akram | 2016-10-06 00:00:00

Even though Bangladesh has made big strides forward towards poverty alleviation, many challenges still remain. These challenges include, among other things, natural, political, or economic threats which are constantly impeding higher growth. Additionally, in a country where more than 60...

Developing skills in demand

Shamsul Huq Zahid | 2016-10-05 00:00:00

An estimated $6.0 billion, an amount equivalent to 40 per cent of the annual remittance income of the country, is, reportedly, spent on foreign skilled hands employed in mills and factories and other establishments, a discussion meeting, organised in Dhaka...

From Tolstoy to Trump

Chris Patten in London | 2016-10-05 00:00:00

One of Leo Tolstoy's preoccupations was the nature and limits of power. What was it that made France so formidable an enemy, particularly of Russia? This question was at the heart of his greatest novel, War and Peace - so...

Building up the BRICS

Jim O'Neill in Manchester | 2016-10-05 00:00:00

This year marks the 15th anniversary of the "BRICs," the term I coined to refer to the major emerging economies: Brazil, Russia, India, and China (South Africa was added in 2010). Recently, my brief tenure in the British government came...

The role of the banking system in achieving SDGs

Mirza Azizul Islam | 2016-10-05 00:00:00

In September 2015, 193 number states of the United Nations adopted a Declaration containing 17 goals designated as sustainable development goals (SDGs). Embedded in these goals are 169 targets. (See the list of the goals in the box). The Declaration...

ADB moves to harmonise SPS, TBT in SASEC bloc

Talha Bin Habib | 2016-10-04 00:00:00

The Asian Development Bank (ADB) has mooted a process of removing roadblocks to intra-regional trade, officials said. Harmonising two technical non-tariff measures (NTMs) slowing trade among the South Asian Sub-regional Economic Cooperation (SASEC) countries is on top of the ADB...

Q1 remittance falls by 18pc

Siddique Islam | 2016-10-04 00:00:00

Remittance flow into the country dropped nearly 18 per cent to US$3.23 billion in the first quarter (Q1) of the current fiscal year (FY) 2016-17 against the last corresponding figure, officials said. Experts fear a further downturn in future days...

Govt earnings from DSE down 20pc in Q1

Babul Barman | 2016-10-04 00:00:00

The government's revenue earnings from the prime bourse fell 20 per cent in the first-quarter (Q1) of the current fiscal year (FY) compared to the same period of the previous FY as trading volume was on the decline. Market insiders...

Ten IPOs to raise Tk 5.14b under revised public issue rules

Mohammad Mufazzal | 2016-10-04 00:00:00

Some 10 companies' IPO (initial public offering) proposals presently are awaiting the regulatory approval for raising capital worth around Tk 5.14 billion as per revised public issue rules. The companies have submitted their IPO proposals under fixed price method and...

In the age of digital democracy

Tahira Islam | 2016-10-04 00:00:00

The photograph of Felani Khatun hanging from the barbed-wire fence on the Indian border generated public outrage around the world in 2011.  Facing huge public outrage when the photograph went viral on social media and the Internet, the Border Security...

The marketing mileage

Abdul Bayes | 2016-10-04 00:00:00

Farming in Bangladesh is generally termed as 'mono-crop' agriculture where a single crop-paddy-- seemingly occupies most of the cultivated lands. The reasons behind mono-cropping system have been documented in available literature but, suffice it to say at the moment that...

Tapping on trade-investment nexus

Selim Raihan and Farazi Binti Ferdous | 2016-10-04 00:00:00

Bangladesh and India have long bonds in culture and history. Despite such bonds and neighbourly proximity, economic cooperation between the two countries has remained far below potential. A number of studies have shown that bilateral trade and investment offer immense...

PMO prepares 10-pt recipe to revamp Mongla seaport

Syful Islam | 2016-10-03 00:00:00

The Prime Minister's Office (PMO) has asked for immediate steps to resolve the problems that are responsible for under-utilisation of the Mongla seaport capacity, officials said. For the facelift, the ministry of shipping (MoS) has been handed a 10-point directive....

Many corporate taxpayers submit doctored financials

Doulot Akter Mala | 2016-10-03 00:00:00

Only 31 per cent of companies submit authentic audited financials with their annual tax returns while a remaining large majority allegedly treads byways.      Submitting financials duly audited by chartered accountants (CAs) is mandatory for all corporate taxpayers under the income-tax...

Chinese Exim Bank to give US$ 1.16b in loan

Munima Sultana | 2016-10-03 00:00:00

The Exim Bank of China is set to provide Bangladesh with US$ 1.16 billion in loan for implementing three major projects. Sources said state-owned Exim Bank wrapped up Thursday its negotiations on the proposed loan with the agencies concerned through...

Govt plans buyback of its securities

Siddique Islam | 2016-10-03 00:00:00

The government plans to buy back its securities for a better cash management, limiting interest payments from annual budget, officials said. As part of the move on prudent financial management, a tripartite meeting among senior officials of both the ministry...

Net foreign investment in DSE jumps 617pc in nine months

Babul Barman | 2016-10-03 00:00:00

Net foreign investment in stocks marked a significant jump in the first nine months of 2016 compared to the same period a year ago as foreign fund managers considered the market lucrative for long-term investment. Analysts said the favourable macroeconomic...

New role for Russia in the Mideast conflict

Sayed Kamaluddin | 2016-10-03 00:00:00

Russian intervention in Syrian civil war supporting the besieged Assad regime in October last year has changed the ground realities and created an opportunity for Moscow to play an increasingly important role in the region. This appears to be the...

Saving Europe by reversing Brexit

Anatole Kaletsky in London | 2016-10-03 00:00:00

"Never let a crisis go to waste" has always been one of the European Union's guiding principles. But what about five simultaneous crises? Today, the European Union (EU) faces what Frans Timmermans, European Commission Vice President, describes as a "multi-crisis":...

When a medical college earns infamy

Neil Ray | 2016-10-03 00:00:00

The charges levelled against 14 local students of the Nightingale Medical College (NMC) at Ashulia are serious, to say the least. These 14 muscle-flexing students studying at various levels of the medical graduation course demanded Tk 300 from their foreign...

Transporters\' unrestrained freedom

Shamsul Huq Zahid | 2016-10-03 00:00:00

The strike enforced  by the owners and workers of prime movers and trailers lasted for a brief period, only five days in the last week of September. But its impact on businesses has been very severe. The 14-wheel based prime...

US election: Donald Trump under media microscope

M. Serajul Islam from Maryland, USA | 2016-10-03 00:00:00

The momentum in the US presidential election has once again shifted towards Hillary Clinton. It has happened because of the disastrous performance of Donald Trump in the September 26 presidential debate. The polls are now beginning to show Hillary Clinton...

Most RJSC-registered cos evade tax payment

Doulot Akter Mala | 2016-10-02 00:00:00

A vast majority of registered companies across the country do not submit annual income-tax returns, thus evading payment of a significant amount of revenue to the government. According to National Board of Revenue (NBR) data, 39,000 companies submitted income-tax returns...

Saving Italy from itself

Paola Subacchi in Siena | 2016-10-02 00:00:00

Now that Italian Prime Minister Matteo Renzi's credibility is weakening at home, he will need all the friends he can get to clear the hurdle of a constitutional referendum in December - and thereby avoid likely political disruption. Renzi will...

SDG implemetation - \'whole of society approach\'

Shamsul Alam | 2016-10-02 00:00:00

Being one of the role models in achieving the Millennium Development Gaols (MDGs), Bangladesh has full political commitment in implementing the Sustainable Development Goals (SDGs). Currently, the Government is developing a common platform to facilitate a unified, 'whole of society'...

EXIM Bank to drop goods sourcing condition

Rezaul Karim | 2016-10-01 00:00:00

Export-Import Bank of India has agreed to drop an important condition -- import of 75 per cent goods and services from India -- attached to its credit for the controversial Rampal power plant, officials said. The condition would be deleted...