Amtob urges govt to reconsider demands on telecom taxation

The leaders of the Association of Mobile Telecom Operators of Bangladesh (Amtob) expressed worries today as the government did not include any of their recommendations in the proposed national budget for 2021-22 fiscal year.
8 June 2021

MFS transactions hit Tk 63,479 crore in April, an all-time high

Transactions through mobile financial services hit an all-time high of Tk 63,479 crore in April as both commoners and businesses used the digital channel to transfer fund to celebrate Eid-ul-Fitr and Pahela Baishakh.
8 June 2021

South Korean firm to invest $4.15 million in Mongla EPZ

PH Creative (BD) Ltd, a South Korean company, signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) today to establish a factory inside Mongla Export Processing Zone to manufacture camping items and garments accessories.
8 June 2021

Inflation drops to 5.26% in May

Inflation in Bangladesh dropped 30 basis points to 5.26 per cent in May, Planning Minister MA Mannan said today.
8 June 2021

Stocks bounce back

The stock market bounced back today riding on the rise in insurance shares.
8 June 2021

Stocks fall amid profit booking

The stock market took a dip yesterday due the profit booking tendency among investors.
7 June 2021

Govt data on economy contradicts reality

Private sector credit growth has been sluggish, capital machinery imports declined, and industrial production grew slower in the outgoing fiscal year than a year ago.
7 June 2021

Fine doubles for wrong info in export-import documents

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.
7 June 2021

Tax holiday to boost local manufacturing of automobiles

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.
7 June 2021

DataBird-The Daily Star organising tech idea contest

DataBird, a Bangladeshi company having products across online travel, news, keyboard, eReader and lifestyle mobile applications, in association with The Daily Star is organising a competition to find unique ideas to use technology in solving the country’s problems.
7 June 2021

City Bank reelects chairman, vice chairman

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.
7 June 2021

G7 tax deal does not unfairly benefit US, OECD says

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.
7 June 2021

Euro zone investor morale rises to highest level since Feb 2018

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.
7 June 2021

Take bold initiative to re-skill workforce

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.
7 June 2021

Lift VAT on crockery, plastic toys

`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.
7 June 2021

Northern districts, the dark horse of local tea industry

Most of the land in Rangpur’s Panchagarh and Thakurgaon districts, particularly those that border India, were non-arable just a few decades ago, when the region closely resembled a desert of sand and stone.
7 June 2021

Hili traders for limiting Indian truck entry

Bangladeshi exporters, importers and clearing and forwarding agents at Hili Land Port in Dinajpur’s Hakimpur upazila have announced that they would accept letting in just 50 goods-laden trucks from India from tomorrow to tackle the pandemic.
7 June 2021

BSRM Steel Mills merges with BSRM

The Bangladesh Securities and Exchange Commission (BSEC) yesterday approved the amalgamation of Bangladesh Steel Re-Rolling Mills (BSRM) and its sister concern BSRM Steel Mills.
7 June 2021

Beximco wins Tk 356cr public works

Beximco Ltd has won three public work orders involving Tk 356.5 crore.
7 June 2021

Exporters given more time to collect proceeds

Bangladesh Bank yesterday further extended the deadline for export proceeds repatriation in a bid to help entrepreneurs withstand the Covid-19 fallout.
7 June 2021