Doulot Akter Mala | 2017-07-20 00:00:00
A high-powered government body has proposed a fivefold raise in the ceiling of income tax payment through treasury chalan as a measure of preventing forgeries. It recommended enhancing the ceiling of income tax payment through treasury chalan to Tk 50,000...
Siddique Islam | 2017-07-20 00:00:00
Bankers recommended Wednesday providing incentives through banks to the beneficiaries of remittance as a mechanism to attract non-resident Bangladeshis (NRBs) in sending money home through formal channel. The bankers put forward the suggestion at a meeting at Bangladesh Bank headquarters...
Mohammad Mufazzal | 2017-07-20 00:00:00
The mutual fund (MFs) sector is yet to be able for attracting investors despite other sectors of listed securities are witnessing rally riding on investors' participation. Earlier, the share prices of many listed securities, other than MFs, also were below...
Muhammad Abdul Mazid | 2017-07-20 00:00:00
"Rent seeking" is the quest for privileged benefits from government, "sale by government officials of government property for private gain or situations where "the power of public office is used for personal gain in a manner that contravenes the rules...
Doulot Akter Mala | 2017-07-19 00:00:00
The Value Added Tax (VAT) wing has framed a uniform base of depreciation for imported raw materials of the cement companies to ensure a level-playing field for them and proper collection of VAT. It has set a common deprecation rate...
Helal Uddin Ahmed | 2017-07-19 00:00:00
A nation's economic development is often reflected by development of its capital market. As a component of this market, the stock market plays an important role in industrial development through supply of capital. The importance of institutions like the stock...
Baher Kamal in Rome | 2017-07-19 00:00:00
Seventy-nine countries from Africa, the Caribbean and the Pacific, which are home to around one billion people, will speak with one voice as they prepare to negotiate a major partnership agreement with the European Union (500 million inhabitants) in May....
Clemens Fuest in Munich | 2017-07-19 00:00:00
The debate about global macroeconomic imbalances is increasingly focusing on Ger-many's current-account surplus and economic policy. Despite the vitality of the German eco-nomic engine, and the role it plays in fuelling growth and maintaining stability in the euro-zone, criticism of...
Ismail Hossain | 2017-07-18 00:00:00
Bangladesh House Building Finance Corporation (BHBFC) has planned to expand its operations, especially in the rural areas, through offering low-cost housing loans to the rural people. The state-owned entity has already initiated a process of mobilising funds from different sources...
Doulot Akter Mala | 2017-07-18 00:00:00
All income-tax offices across the country will each have a focal-point officer to extend a fair deal to foreign taxpayers, both corporate and individual, in tax-related affairs. Officials said the National Board of Revenue (NBR) has made the move following...
Syful Islam | 2017-07-18 00:00:00
The country's apparel-makers have finally withdrawn their objection to foreign direct investment (FDI) in readymade garment (RMG) industry outside the export processing zones (EPZs), officials said. Now the government will assign the Export Promotion Bureau (EPB) with the task of...
Rezaul Karim | 2017-07-18 00:00:00
The government is set to launch a handloom census soon aiming to help revive the country's handloom industry, officials said. The handloom census 2017 would be conducted across the country involving Tk 80 million which will come from the government...
Talha Bin Habib | 2017-07-18 00:00:00
The government will build a diesel-based 150-megawatt power plant with an estimated cost of Tk 12.55 billion at Saidpur in Dinajpur for the economic development of the country, officials said. Under the move, the power division has sent a project...
Munima Sultana | 2017-07-18 00:00:00
The cost of developing southern corridor of the bus-based mass transit line from Hazrat Shahjalal International Airport (HSIA) to Keraniganj has been estimated at Tk 47.48 billion with the highest spending for construction of Mohakhali bus terminal and depot. According...
Mohammad Mufazzal | 2017-07-18 00:00:00
The textile sector has kept its dominance in terms of number of securities and contribution in daily turnover value on Dhaka Stock Exchange (DSE). The sector's contribution in turnover value became more visible following investors' increased participation in share trading...
Abdul Bayes | 2017-07-18 00:00:00
The Agriculture, Nutrition and Health Academy (ANH Academy) is a global research network in agriculture and food systems. Its purpose is to serve as a platform for learning and sharing knowledge and research for improving nutrition and health. It is...
Asjadul Kibria | 2017-07-18 00:00:00
Bangladesh is finally going to sign its first Bilateral Free Trade Agreement (BFTA). It will be with Sri Lanka and is likely to be inked within this year. Both countries agreed to do so during the visit of the Sri...
Rezaul Karim | 2017-07-17 00:00:00
The government has moved to motivate the country's banking sector to invest in the power sector aiming to meet the growing demand for electricity, officials said. In this connection, a high-powered inter-ministerial committee will be formed to scrutinise the Bank...
Daoud Kuttab in Ramallah | 2017-07-17 00:00:00
The week before last, Iraqi Prime Minister Haider al-Abadi declared that the Islamic State (ISIS) had been driven out of Mosul, the city where the group first announced its self-styled caliphate three years ago. Before long, ISIS is expected also...
Jomo Kwame Sundaram in Kuala Lumpur | 2017-07-17 00:00:00
When we fail to act on lessons from a crisis, we risk exposing ourselves to another one. The 1997-1998 East Asian crises provided major lessons for international financial reform. Two decades later, we appear not to have done much about...
Neil Ray | 2017-07-17 00:00:00
Chikungunya has taken the capital by storm. Its outbreak was recorded for the first time in Tanjania. The disease takes its name from 'makonde' dialect but surprisingly sounds like a familiar word, chikun (thin) plus gunya or gunin (magical performer)...
Shamsul Huq Zahid | 2017-07-17 00:00:00
Finance Minister AMA Muhith placed a list of 100 top bank loan defaulters in the just-concluded budget session of national parliament on July 09. Since the list did not include a few names of some habitual and errant borrowers, a...
Mirza Azizul Islam | 2017-07-17 00:00:00
Bangladesh Bank is expected to announce its monetary policy statement (MPS) for the first half (H1) of fiscal year 2017-18 (FY1 18). I argued in the past that the effectiveness of monetary policy in Bangladesh is undermined by a number...
Doulot Akter Mala | 2017-07-16 00:00:00
Increased profits netted by major commercial banks and big companies yielded higher revenues for government exchequer by over 7.0 per cent in the immediate-past fiscal. Officials said the corporate-tax collection by the Large Taxpayers Unit (LTU) under income tax wing...
Md Saifullah Azad | 2017-07-16 00:00:00
The book titled "Start with Why" by Simon Sinek has stirred me a lot as the book deals with the importance of identifying the employees' "why" and its impact on their engagement. Partnering with and placement of skilled, experienced and...
Abdul Bayes | 2017-07-16 00:00:00
It is true that rural credit market has undergone remarkable changes. But the market is not as inclusive as it is being thought of by the concerned quarters, revealed a recent household level survey. Over time, improvement can be gleaned...
Devesh Kapur in Philadelphia | 2017-07-16 00:00:00
Indian and Chinese troops have been locked in a standoff in Doka La - where the borders of Bhutan, China and India meet - for almost a month now, the longest such impasse between the two armies since 1962. In...
Syful Islam | 2017-07-15 00:00:00
The International Monetary Fund (IMF) has regretted the delay in enforcement of new VAT law and called into question "the determination to persevere with needed structural reforms" essential for transforming Bangladesh into middle-income status. The government eventually put in abeyance...
Rezaul Karim | 2017-07-15 00:00:00
Even though Bangladesh Petroleum Corporation (BPC) is pressing the government to convert loan worth Tk 274 billion into subsidy, it hasn't yet taken any decision on the issue, sources said. "In November and December, 2016, we sent proposals to the...
Siddique Islam | 2017-07-15 00:00:00
The rate of cancellation of letters of credit (LCs) for imports more than doubled in the first 11 months of the just-concluded fiscal year (FY) compared with the same period the year before. The value of cancelled LCs rose to...
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