Source tax withdrawn from bond, bills

The government finally takes initiative to develop a bond market in the country.
4 June 2015

VAT exemption for local industries

The government proposes to withdraw value added tax (VAT) on a number of products and services to encourage local industries grow further.
4 June 2015

BTRC scraps two more IGW licences for non-payment

The telecom regulator has cancelled the licences of two international gateways that were blocked more than a year ago for failure to pay their stipulated share of revenue and licence fees to the government.
3 June 2015

Exports to India not rising despite efforts

Bangladesh's exports to India have not been rising despite undertaking a lot of positive measures in recent years to reduce the huge bilateral trade gap between the two countries.
1 June 2015

Bandwidth export to Italy awaits final nod

A final proposal has been sent to the prime minister for the approval to export 10 gigabits per second of internet bandwidth of Bangladesh Submarine Cable Company Ltd (BSCCL) to an Italian company.
31 May 2015

Corporate tax for banks to be lowered at last

The government is likely to reduce the corporate tax for financial institutions, even though the move would lead to revenue losses of about Tk 1,000 crore.
31 May 2015

Tax break likely for auto assemblers, tyre makers

The government is likely to offer a tax break to the automobile, tyre and bicycle industries to promote growth and investment in the sectors, an official said yesterday.
31 May 2015

Microcredit's Grameen rate of interest

It is often said that the financing charges, in the form of interest, as applicable to microcredit operations, including that levied by
30 May 2015

Large loan restructuring policy: criticisms and answers

On January 29, Bangladesh Bank issued a new Large Loan Restructuring Policy (LLRP). Concerns have been expressed in some quarters
30 May 2015

Huawei targets selling 100m handsets in 2015

Huawei aims to sell 100 million handsets globally this year, marking a year-on-year rise of 30 percent.
30 May 2015

High tax rates hurting revenue income: minister

Planning Minister AHM Mustafa Kamal yesterday criticised Bangladesh's high tax rates, saying it prevents government from earning more revenue for the country.
30 May 2015

HSBC bullish on Bangladesh

Bangladesh will post strong economic growth and see a bullish trend in exports up to 2030, according to a forecast by UK-based banking giant HSBC.
30 May 2015

National Bank launches MasterCard platinum credit card

National Bank launched the MasterCard platinum credit card at an event at the Westin hotel in Dhaka on Wednesday.
28 May 2015

Myanmar scraps proposed 5 pct tax on phone cards as telecoms boom

Myanmar scraps proposed 5 percent tax on mobile phone top-up cards after lawmakers voted against the levy, the state-owned Global New Light of Myanmar newspaper said on Thursday.
28 May 2015

First green resort opens in Cox's Bazar next month

Cox's Bazar that boasts the world's longest unbroken sea beach is set to see Bangladesh's first five-star green resort next month.
27 May 2015

Export fund raised to $2b

In the face of rising demand from exporters, the central bank yesterday increased the size of its export development fund by 33 percent to $2 billion.
27 May 2015

Dhaka Bank official selected for advisory council of World Brand Congress

Khandaker Anwar Ehtesham has recently been selected as advisory council member of CMO-Asia's World Brand Congress.
27 May 2015

Improved connectivity to boost exports 86pc: ADB

Bangladesh's real income gains will be 6.9 percent of GDP and its export will grow by 86 percent by 2030 if connectivity between South Asia and Southeast Asia improves, according to a new study.
26 May 2015

Smartphone sales grow on low-cost handsets

The smartphone market in Bangladesh grew 17 percent year-on-year in the first quarter of the year as local vendors continue to churn
24 May 2015

4G rollout to double the number of internet users: Huawei

China's leading ICT solution provider Huawei yesterday said the deployment of the fourth generation of mobile data technology could quickly double the number of mobile internet users in Bangladesh.
21 May 2015