Business

Investors without TINs to pay more AIT on dividend Any company offering 30 per cent or more cash dividend to investors will get 10 per cent rebate on its income tax as per the Finance Bill 2014 which was passed by the parliament on Saturday. National Board of Revenue officials said that if any company declared ... Read more

The growth of active mobile users of the country has slowed down remarkably after the launch of 3G service in October last year, showed the data of Bangladesh Telecommunication Regulatory Commission. The BTRC’s monthly mobile user data showed that in January-September 2013 the country’s six mobile operators — five GSM and one CDMA — added 1.33 ... Read more

European commissioner for trade Karel De Gucht has said improvements in labour rights must be extended to the Export Processing Zones in Bangladesh. ‘Of course, the reality is that there’s still much more to do. Most urgently, implementing regulations on labour reform must be enacted soon.

The prices of kitchen items including vegetables and fish rose further in the city’s markets on Saturday, just one day before the start of Ramadan, the fasting month for Muslims. The prices of aubergine, green chilli, tomato, carrot, cucumber, garlic and ginger increased further and retailers and wholesalers blamed each others

Dhaka stocks rebounded last week after a two-week fall as budget review hopes helped investors to recover some confidence on the market. DSEX, the key index of Dhaka Stock Exchange, increased by 1.87 per cent, or 81.02 points, in the week to close at 4,409.43 points on Thursday. The daily average turnover of the DSE rose to ... Read more

The prices of aubergine and green chilli shot up in the city’s kitchen markets on Friday ahead of the fasting month of Ramadan. The prices of other vegetables, onions and potatoes also went up over the week in the retail markets. The prices of aubergine and green chilli almost doubled a day after imposing government ban on ... Read more

Thirty-nine per cent of female garment workers are still receiving lower than the government-set minimum wage of Tk 5,300 that was raised in December last year, a study revealed on Friday. Bangladesh Mahila Parishad has conducted the study titled ‘Women in Readymade Garment Industry: Understanding Capabilities and Vulnerabilities of Female Garment Workers

Parliament is going to pass today the Finance Bill-2014 scrapping the proposed tax on realised gains from stock investment for individual investors and increasing tax exemption limit on dividend income, finance ministry officials said. They said that the government at the last moment

Budget Fy 2014-15 Tax-free limit of stock capital gain to be raised to Tk 20 lakh The government is likely to increase the limit of tax-free capital gains from stock investment for individual investors to Tk 20 lakh from the proposed Tk 10 lakh amid protest from the investors, officials of the National Board of ... Read more

Mistrust among the nations is the core problem hindering regional cooperation in South Asian region, said speakers at a luncheon meeting on Thursday. They said despite having a number of regional organisations and initiatives to develop regional infrastructure, very little headway was made to promote

Financial sector experts at a seminar on Thursday said that the government’s negligence was the major impediment to the development of the country’s insurance sector. They also said that the members of the Insurance Development and Regulatory Authority were not equipped with enough knowledge about the

The net investment in the national savings certificates and bonds crossed Tk 10,000 crore in the first 11 months of financial year 2013-14 as the clients invested heavily in the savings tools due to lower rate of interest in scheduled banks’ deposit products. According to the Directorate of National Savings data,

Bangladesh Bank on Thursday introduced a refinance scheme worth Tk 100 crore for the new entrepreneurs to encourage self-employment. The BB in a circular to banks and non-bank financial institutes said that the entrepreneurs, who had not accumulated any business experiences earlier, would be able to receive the loans from the refinance fund. The maximum

The Bangladesh Securities and Exchange Commission has rejected the time extension application of IFIC Bank for submitting rights offer documents to the commission after getting shareholders’ approval, a Dhaka Stock Exchange web post said on Thursday. As per the rule 7(1) of the Securities and Exchange Commission

Dhaka stocks ended positive on Thursday, last trading session of the week, but turnover at the bourse dropped as some investors remained cautious ahead of the budget approval. The benchmark general index of the Dhaka Stock Exchange, DSEX, finished at 4,409.42 points, adding 0.13 per cent or 5.77 points. Turnover of the

The World Bank on Wednesday said the country’s proposed national budget for the fiscal year of 2014-2015 was bigger than the government’s implementation capacity. The multilateral lending agency, however, said that the budget had some positive aspects as the government included some commitments to

The government on Wednesday imposed a ban on exports of five vegetable items to check price hikes of those in the local market during the month of Ramadan that will start next week. The items are, green chilli, aubergine, cucumber, lemon and coriander leaves. The decision was taken during a meeting between commerce minister Tofail Ahmed and ... Read more

The active mobile phone users of the country reached to 11.62 crore in May as five out of six mobile phone operators added six lakh new subscribers over the month. The active mobile users were 11.56 crore in April after the number had dropped to 11.52 crore in March from 11.58 crore in February. In March,

The government has taken an initiative to import furnace oil (diesel) from India through pipeline, state minister for power, energy and mineral resources Nasrul Hamid said in Parliament on Wednesday. Replying to a star-marked question from Awami League lawmaker Didarul Alam (Chittagong-4), the minister said the terms of reference for a detailed feasibility

Bangladesh Bank on Wednesday asked scheduled banks to keep their all branches open on Saturday to facilitate the government’s revenue collection. The BB issued a circular to managing directors and chief executive officers of all banks asking them to keep open their braches with taking proper security