The income tax law explains the issue

Experts say at a seminar

Brokers, merchant bankers say about proposed FY24 budget

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), added 10 points, or 0.16 per cent, to 6,366.

Shipments rose 26.6% year-on-year to hit $4.84 billion

State-owned enterprises (SOEs) in Bangladesh will likely incur collective losses of Tk 14,703 crore in the coming fiscal year, according to the finance ministry.

Sugar prices have risen at the wholesale level amid speculations that import costs could go up seeing how the National Board of Revenue (NBR) has not extended duty benefits for importing the sweetener.

The government has set a higher fiscal deficit and thus a loftier bank borrowing goal to finance the shortfall in the proposed budget but the targets are inconsistent with the aim of bringing down the average inflation to 6 per cent.

Manufacturers of cancer medicines will be able to sell the lifesaving drugs at reasonable prices after the National Board of Revenue (NBR) extended duty-free import benefits to 100 more raw materials used to make such products.

Mobile financial service provider Nagad has welcomed a government move in the budget for fiscal year 2023-24 to increase the social safety net allocation. 

Partex Star Group recently signed a memorandum of understanding (MoU) with the Bangladesh University of Engineering and Technology (Buet).

The 10th Berger Award for Excellence in Architecture (BAEA) kicked off at the IAB Centre in Dhaka’s Agargaon on June 1.

The Institute of Chartered Accountants of Bangladesh (ICAB) yesterday welcomed the budgetary proposal for registered taxpayers, who have to file their income, expenditure and wealth statements to avail 38 services, to pay a minimum tax of Tk 2,000 even if they have no taxable income. 

E-waste, which witnessed a rapid growth in Bangladesh posing an environmental challenge, can be turned into valuable resources through effective recycling and reprocessing methods, according to experts. 

Cash-strapped Sri Lanka’s economy showed “tentative signs of improvement” but recovery remains challenging and Colombo must pursue painful reforms, the IMF said Friday.

The finance minister last Thursday presented a budget of Tk 761,785 crore, which is 15.33 percent higher than this fiscal’s revised budget. Like any other usual ones, it has been portrayed as expansionary and future-oriented. However, one could barely see any reflection of the current challenges being faced by most in the country.

Valuation of properties when determining surcharge on net minimum wealth should be based on current market value, not their purchase value, according to research and advocacy platform the International Business Forum of Bangladesh (IBFB). 

The government’s move to set up a digital bank and develop a machine learning and artificial intelligence-based credit rating system will bring a positive change in the banking sector, said Syed Mahbubur Rahman, managing director of Mutual Trust Bank Limited (MTB). 

The national budget for the upcoming fiscal year did not offer solutions to the multiple challenges facing the industrial sector, said the Bangladesh Chamber of Industries (BCI) yesterday.

Uninterrupted supply of energy is the main demand of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), as it has a significant impact on the industrial sector.