The National Board of Revenue may miss the revenue collection target of Tk 1,12,259 crore set for the current 2012-2013 financial year mainly due to frequent strikes and overall political unrest in the country, officials apprehended. Every hartal is taking heavy toll on revenue collection
dhaka
Telcos could use surplus funds for 3G payments
Clarifies BTRC The mobile phone companies would be allowed to use own surplus funds for paying the licence fee, spectrum acquisition fee and roll-out expense for obtaining 3G licence, the telecom regulator has recently clarified the operators. The Bangladesh Telecommunication Regulatory Commission
Only one from a family to get fund
Bangladesh Bank on Wednesday said that only one entrepreneur from a family would be eligible for getting financial assistance from Equity and Entrepreneurship Fund of the central bank for implementing agro-based and food processing projects. In a circular issued on the day, the central bank
Modhumati Bank gets final nod from BB
Bangladesh Bank on Wednesday gave final approval to the proposed Modhumati Bank for getting its licence. ‘The BB gave the approval at its board meeting after hearing the business plans presented by the proposed bank,’ a BB official who attended
IDRA extends application deadline to April 30
Insurance Development and Regulatory Authority has further extended the deadline for aspirants to submit applications for getting licences to set up insurance company under the new rules. An IDRA press release on Wednesday said that the authorities have extended the deadline to April 30. Previously the last date to submit
Telecom ministry wants SIM tax cut
The ministry of telecommunication has recommended reduction in SIM tax in the upcoming fiscal budget to boost mass users’ penetration, said officials. They said the ministry already sent a proposal to trim the value added-tax at Tk 200 from the existing Tk 600 to relieve the small operators from
Fire breaks out at DB office
A fire broke out in the Detective Branch office in the capital city’s Minto Road on Tuesday. The fire originated from a short circuit and spread to at a room of the DB bomb disposal unit at about 2:30pm, said fire service station manager Shafat Hasan. On information, three fire fighters’ units doused
Mehjabin’s dreams come true
Model turned actress Mehjabin’s dreams come true. She is appearing on the silver screen, which is a long cherished desire of the small screen actress. Mehjabin is acting the titular character in Swapan Ahmed’s film Porobashini. ‘As I don’t have any other pressure on me at the moment, I will invest all my energy on Porobashini’, ... Read more
Export earnings beat political turmoil in March
Post 10.16pc growth in first 9 months of FY 2012-13 The country’s export earnings post a healthy growth in March despite political turmoil in the country, taking the overall export growth in first nine months of the current fiscal to 10.16 per cent. The export earnings in March grew by 16.20 per cent compared with ... Read more
Shirin releases third album
Shireen Jawad will release her third solo album titled Rangila on April 9. The UK based singer will present yet another folk fusion album targeting the Pahela Baishakh celebrations. Shireen got nationwide popularity soon after the release of her first album Panjabiwala in 2007. Her second album Matwali, released in 2009, was also a hit.
Local manufacturers demand duty rise on motorcycle import
Motorcycle manufacturers and exporters on Sunday demanded that the National Board of Revenue should increase supplementary duty on import of complete knock down (CKD) and complete built unit (CBU) motorcycles to 60 per cent from 30-45 per cent to protect the local manufacturing industries. At a pre-budget discussion with the NBR,
Telenor to invest in Bangladesh 3G mobile facility: Norwegian minister
Norwegian trade minister Trond Giske on Sunday said Telenor would invest more in Bangladesh, especially in the 3G (third generation) mobile facility through Grameenphone. He also showed interest in investing in shipbuilding, ship-recycling and oil and gas sectors. Trond Giske, who is leading an 18-member trade delegation,
Lack of marketing policy major problem for insurers: experts
Lack of marketing policy is the major problem for insurance companies in Bangladesh, experts said in Dhaka on Sunday. Managements of insurance companies spend a small amount of money for advertisement which is a key marketing tool for business promotion, they observed.
Stocks decline amid poor turnover
Dhaka stocks declined on Sunday as the turnover recorded a significant fall. Although most of the companies gained on the day, the fall of shares prices of the companies with large paid-up capitals orchestrated the fall. The turnover of the bourse declined to Tk 114.34 crore,
4-day charity film fest ends at JU
The four-day charity film festival organised to help the tornado affected people in Brahmanbaria will end today at the Zahir Raihan Auditorium of Jahangirnagar University. The festival features 12 classic and popular films from home and abroad including Jiban Theke Neya, Life of Pi, Andaz Apna Apna, Happy Days, Bapi Bari Jaa, Murder 3, Mach ... Read more
Retail businesses passing through tough time
Retailers are passing through tough time as sales at their shops have almost halved due to the current political unrest and frequent general strikes, shop owners said. They said most of the small businessmen were forced to meet their operational cost with capital fund in recent weeks as they had failed to make any profits ... Read more
DCCI for tax waiver for new entrepreneurs for 3 years
Compulsory tax likely on trade licencees: NBR The Dhaka Chamber of Commerce and Industry on Saturday demanded a tax waiver for new entrepreneurs for at least three years as an incentive for new businesses which would also help in employment generation in the country. At a pre-budget discussion with the National Board
Foreign investments in stocks drop in March
Foreign investment in the Dhaka Stock Exchange declined last month amid political unrest across the country. According to Dhaka Stock Exchange data, the net foreign investment declined to Tk 90.53 crore in March from the previous month’s Tk 103.56 crore while it was Tk 99.72 crore in January. Market operators said political instability and acts ... Read more
Take poverty cut programme
PM urges insurance companies The prime minister, Sheikh Hasina, has called upon the insurance companies to undertake poverty eradication programme through the industry as she assured that her government would provide necessary support to this end. ‘The insurance industry can play a very important
Aspirants may get more time for application submission
The government is likely to extend further the deadline for submission of applications until April 30 for the insurance companies for getting their fresh licence, said officials concerned. Last week, the Insurance Development and Regulatory Authority extended the deadline until April 15 from March 31 as some insurers had requested the authorities