The government has amended the Customs Act, doubling the penalty for providing incorrect information in import and export documents even though wrong declarations do not lead to any duty evasion.

City Bank yesterday witnessed the reelection of the chairman and vice chairman of its Board of Directors. Aziz Al Kaiser and Hossain Khaled are both sponsor directors, said a press release.

The 20-year tax-exemption support announced in the proposed budget will definitely take Bangladesh’s growing automobile industry to an impressive stage and promote local manufacturing, according to industry insiders.

A landmark deal to reform corporate tax payments proposed by the Group of Seven on Saturday will not unfairly benefit the United States, the Organisation for Economic Co-operation and Development said on Monday.

Investor morale in the euro zone rose for the fourth month in a row in June, reaching its highest level since February 2018, lifted by reopening restaurants and tourism resuming as coronavirus cases fall, a survey showed on Monday.

US officials on Sunday ratcheted up pressure on companies and foreign adversaries to fight cybercriminals, and said President Joe Biden is considering all options, including a military response, to counter the growing threat.

China’s imports grew at their fastest pace in 10 years in May, fuelled by surging demand for raw materials, although export growth slowed more than expected amid disruptions caused by Covid-19 cases at the country’s major southern ports.

Bangladesh should sort out the problems facing the industrial sector, ensure wider use of technologies, and take a bold initiative to re-skill the workforce to address the challenges of the fourth industrial revolution, speakers said yesterday.

`Plastic goods makers and exporters have demanded withdrawal of value-added tax (VAT) on crockery and plastic toys in the national budget for 2021-22 fiscal year.

The stock market regulator today approved the amalgamation of Bangladesh Steel Re-Rolling Mills (BSRM) Ltd and its sister concern BSRM Steel Mills Ltd.

Alphabet's Google agreed to make changes to some of its widely-used online advertising services under an unprecedented settlement with France's antitrust watchdog released on Monday.

The stock market fell today thanks to the profit booking tendency of the investors.

The Bangladesh Export Processing Zones Authority (BEPZA) has signed a couple of lease agreements, worth about US$12 million, with two foreign companies recently.

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) thinks there are some inconsistencies in the present laws on value-added tax and income tax.

China's imports grew at their fastest pace in 10 years in May, fuelled by surging demand for raw materials, although export growth slowed more than expected, weighed by disruptions caused by COVID-19 cases at the country's major southern ports.

The proposed budget has failed to offer fiscal measures to create jobs crucial to millions of the people in the informal sector who slipped to poverty because of the coronavirus pandemic, said experts yesterday.

Eleven banks faced a capital shortfall of Tk 24,783 crore in the first quarter of 2021, which highlighted the fragile health of the lenders.

US Treasury Secretary Janet Yellen urged other rich nations on Saturday to keep up spending to support their economies even as the Covid-19 pandemic wanes, and said US inflation this year would be elevated but transitory.

Uttara Bank recently witnessed the appointment of a new vice chairman of its Board of Directors.

Interglobe Aviation Ltd, which runs India’s biggest airline IndiGo, reported its fifth straight quarterly loss on Saturday, as the Covid-19 pandemic kept air travel well below normal levels.