Business Initiative Leading Development (BUILD), a private think-tank said announcement on reduction of the highest layer of VAT rate will bring positive results to facilitate the growth of Bangladesh economy, said a statement."The Finance Minister in his budget speech has not mentioned about the reduction of highest rate of VAT...
Read moreFE ReportBangladesh Chamber of Industries (BCI) on Saturday expressed a mixed reaction to the proposed budget for fiscal year (FY) 2018-19.Problems in the banking sector, impasse in investment and lack of employment are the key challenges for the government to implement the budget, it said.The BCI called the government for...
Read moreCommerce Secretary Shubhashish Bose addressing a seminar titled 'Modernisation of Companies Act for Ease of Doing Business', arranged by ICAB in the city Saturday. ICAB president Dewan Nurul Islam ( sitting-2nd from left) chaired the programme story on page 9
Read moreFE ReportE-Commerce Association of Bangladesh (e-Cab) has sought tax holiday for five to 10 years and cash incentive to boost the sector.The e-Cab also urged the government to redefine the sector and include it in the Information Technology Enabled Services (ITES).The government should integrate the sector and define the virtual...
Read moreIn a move to complete the first ever nuclear power plant construction project of Bangladesh, the main Russian contractor JSC Atomstroyexport signed a contract with local company MAX Infrastructure Ltd (a concern of MAX Group) to construct the lot- 600 of Rooppur NPP, Unit 1.This contract includes the critical civil...
Read moreOur CorrespondentCHATTOGRAM, Jun 09: The passengers of a Regent Airways flight remained locked for an hour at Chattogram Shah Amanat International Airport.The unexpected incident happened on Friday night because of the absence of airport customs officials.The passengers later left the airport unchecked.The passengers put blame squarely on the shoulders of...
Read moreA total of 31 Bangladeshi companies, including seven leather goods manufacturers, will take part in "Texworld Paris" in September, reports BSS.The four-day trade show will be held in the French capital of Paris on Sept 17-20.This year, the fair includes a special denim section to host "Apparel Sourcing" and "Avantex"...
Read moreFE ReportThe government has a plan to introduce shariah-based securities to facilitate fund management of the Islamic banks."We're contemplating introduction of shariah-based securities," Finance Minister AMA Muhith said in his budget speech on Thursday.No shariah-based securities have so far been introduced in the banking sector, although the share of Islamic...
Read moreAppier, a leading artificial intelligence (AI) company, has announced that it has won the Most Promising AI Solution Category in this year's NetworkWorld Asia (NWA) Information Management Awards.The NWA Information Management Awards recognise Asia's leaders in Information Security, Storage and Data Management for the huge advances made in these fields...
Read moreSenior Operative Director (Games and Sports) of Walton Group F. M. Iqbal Bin Anwar giving away trophies to the winners of Walton Tenth National Taekwondo Championships at the Conference Hall of the National Sports Council in the capital recently
Read moreThe government has a plan to set up 20 more power stations with a total of 22,052-megawatt (MW) electricity generation capacity, reports BSS.The plan has been taken with the view to raising the total power generation capacity to 24,000MW by the year 2021 from the existing 16,046MW.State Minister for Power,...
Read moreSupporters of upending Switzerland's financial system have made an appeal to voters to approve a proposal to strip banks of the power to create new money through lending, reports Reuters.Postal voting, which accounts for the majority of participation in Swiss referenda, is underway in so-called Sovereign Money initiative, with the...
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