Bangladesh Securities and Exchange Commission will meet finance minister AMA Muhith today to request him to scrape the proposed gain tax on individual investors from the finance bill for the year 2014-15, a BSEC high official told New Age. He also said that they are very much aware about
Month: June 2014
Stocks rebound on gain tax withdrawal hope
Dhaka stocks rebounded strongly on Monday after sharp decline in the previous trading session as investors became optimistic following a regulatory move to request the finance minister AMA Muhith to scrap the proposed gain tax on individuals in the finance bill. The key index of Dhaka Stock Exchange, DSEX, increased
TCB starts selling of 5 Ramadan items today
The Trading Corporation of Bangladesh starts today selling of five essential commodities in the open market across the country with an aim to ensure smooth supply and keep the prices of the items affordable to consumers during the fasting month of Ramadan, said a TCB news release. As many as 174 trucks, including 25 in ... Read more
Ashraful faces minimum 5-year ban
Cricketer Mohammad Ashraful faces a minimum five-year ban after he was found guilty of violating a certain anti-corruption clause during the Bangladesh Premier League, said the lawyers on Monday. The Anti-Corruption Tribunal, formed to try the accused of BPL match-fixing scandal, on Sunday provided the details of their verdict which acquitted six accused and
Dutch drop attacking system to counter Spain
The days of fluent, attacking ‘total football’ are long gone for the Netherlands. Now, results matter more than the way they are achieved. It’s a bitter pill to swallow for an older generation of ‘Oranje’ fans brought up on the almost carefree attacking elan of the likes of Johan Cruyff and Johan Neeskens, but the 4-3-3 ... Read more
Srote Abritti Sangsad celebrates silver jubilee
Popular recitation organisation Srote Abritti Sangsad celebrated its 25th founding anniversary through a two-day festival on Friday and Saturday at Shawkat Osman Auditorium of Central Public Library in the capital. The two-day festival featured colourful procession, poem recitation, concert and photography exhibition. The opening day programme commenced
BCB receives details of BPL verdict
The Anti-Corruption Tribunal on Sunday provided the details of its short verdict announced earlier that acquitted six of the nine accused in the Bangladesh Premier League match-fixing scandal. The Tribunal on February 26 acquitted six players and officials of match-fixing related offences but did not announce any punishment for the three players including former
Last-gasp Russell shock MSC
A stoppage-time strike by Mithun Chowdhury gave Sheikh Russell KC full three points against Mohammedan Sporting Club in the last match of the second phase of Bangladesh Premier League on Sunday. The match was heading towards a goalless draw before Mithun scored in the dying seconds of five minutes added time. Mohammedan, who dominated the
Argentina, Spain head to Brazil on a high
Substitute Lionel Messi scored his 38th goal for Argentina as they breezed past Slovenia 2-0 in their final World Cup warm-up on Saturday, reports Reuters, AFP. Messi, his country’s second highest scorer after Gabriel Batistuta, had not found the net in an international since a 5-2 qualifying win over Paraguay in
Stocks nosedive as budget makes investors panicky
Dhaka stocks on Sunday declined sharply as many of the investors, dejected by some of the measures including imposition of capital gain tax in the proposed budget, went into a selling spree. The key index of the Dhaka Stock Exchange, DSEX, declined to a five-month low at 4,346.33 points, shedding 1.14 per cent or 50.20 points ... Read more
Cash incentive for RMG export raised to 5.25pc
The government on Sunday increased the cash incentive for export of readymade garments to 5.25 per cent from the existing 5 per cent. To this end, Bangladesh Bank issued a circular authorizing dealer branches of all scheduled banks saying that the new directive would be effective for the shipment of export items of the RMG sector ... Read more
Imports rise by 14.24pc in July-April
Higher food grain import contributes to the rise The country’s imports increased by 14.24 per cent in the first 10 months of the current financial year 2013-14 compared with that of a negative growth of 9.33 per cent in the corresponding period of the FY13 due mainly to rise in imports of consumer goods including ... Read more
Fine for income concealment to go up to 15pc
Income Tax Returns Fine for income concealment to go up to 15pc The Finance Bill 2014 has proposed to increase the penalty for concealment of income by the taxpayers by 50 per cent to encourage them to declare the actual income in their tax returns. Officials of the National Board of Revenue said that taxpayers would ... Read more
BSEC to request govt to withdraw capital gain tax
Bangladesh Securities and Exchange Commission has decided to request finance minister AMA Muhith to scrap the proposed tax on individual investors’ capital gain, a BSEC senior official told New Age on Sunday. As per the proposed finance bill, 3 per cent tax will be slapped on the individuals with more than Tk 10 lakh capital gain ... Read more
Pvt sector credit growth well below target in Apr
The country’s credit growth rate in the private sector increased slightly in April from the previous month but still remained very low as businesspeople continued with their wait-and-see policy because of ongoing political uncertainty. According to Bangladesh Bank data released on Thursday,
DSE team in China to discuss formation of Pan Asia Stock Exchange
An eight-member delegation of Dhaka Stock Exchange left Dhaka for Kunming of China on Sunday to attend a two-day conference on establishing a ‘Pan Asia Stock Exchange’, a DSE news release said. The conference organised by BCIM [Bangladesh-China-India-Myanmar] Exchanges Forum of China-South Asia International Financial Opening Co-operation starts today.
Dhaka Bank gets new MD
Niaz Habib has been appointed as managing director of Dhaka Bank with effect from June 2. Prior to his new position, he worked as additional managing director of the bank, said a news release. Before joining Dhaka Bank, he worked for Premier Bank, AB Bank, United Commercial Bank, Eastern Bank and American Express Bank. Niaz started his career ... Read more
Artist turns personal studio into gallery
The practice of art exhibitions is quite different in developed countries, where an artist exhibits his or her works in private studio at first, before displaying their artworks in galleries. Organising exhibitions in museums for reaching a larger number of visitors comes to artists living abroad as rather a final goal. However, unfortunately, the first
Theatre questions power practice
British historian Lord Acton’s well-known statement ‘Power corrupts; absolute power corrupts absolutely’ explains aphoristically the tendency of power. Whenever and however power is practised, it is invariably likely to bring the negative into play. Power, be it in the hand of state, an individual or an organisation, it goes to dehumanise both who exercise the ... Read more
Goethe-Institut observes WED with film screening
Goethe Institut is observing World Environment Day, which fell on June 5, through screening of six films at the Berlin Hall of the institut in Dhanmondi, Dhaka. As a part of the screening session, today Thilo Ewer’s ‘They Will Come to Town’ will be screened. The film is about the alarming global warming effect on ... Read more