Restaurant owners demand VAT cut

Restaurant owners have demanded that the government reduce the value-added tax (VAT) proposed in the fiscal 2021-22 budget as payable by all restaurants, be it of a lower category, moderate or fine dining.
12 June 2021, 18:00 PM

Stock market cap hits record high

The stock market has risen to new heights with market capitalisation hitting a high point last week while overvalued shares still remaining a concern.
12 June 2021, 18:00 PM

Cricket accessories business fights for survival

From airlines, tourism and manufacturing to export, import and event management -- all businesses have witnessed the devastating and far-reaching effects of the novel coronavirus.
12 June 2021, 18:00 PM

Private sector in a sorry state

Bangladesh’s private sector has long been in stagnation because of the coronavirus pandemic, and this was again on display during the auction for sukuk last week.
12 June 2021, 18:00 PM

IDLC Investments wins FinanceAsia ‘Best Investment Bank’ title

IDLC Investments has recently been accorded a “Best Investment Bank in Bangladesh” title at FinanceAsia Country Awards 2021.
12 June 2021, 18:00 PM

Allow tourist spots to reopen at half capacity, Toab demands

Tour Operators Association of Bangladesh (Toab) today demanded reopening of tourist spots at half capacity and in compliance with health safety measures to save several lakh people involved in the sector, saying it incurred losses equalling Tk 20,000 crore in the last year due to the pandemic.
10 June 2021, 15:02 PM

Uttara Bank gets new vice chairman

Uttara Bank recently witnessed the appointment of a new vice chairman of its Board of Directors.
6 June 2021, 18:00 PM

Regulatory environment needs improvements: experts

The proposed budget’s tax exemptions and corporate tax reduction are welcome moves for job creation but regulatory environment improvements and ease of doing business are also important to attract investment in manufacturing, said a webinar’s discussants.
6 June 2021, 18:00 PM

Finance Bill 2021:a few welcoming moves

June 3 marked a remarkable date for Bangladesh as the finance minister presented the country’s 50th budget in parliament on the occasion of the 50th year of independence. As expected, the Tk 603,681 crore budget is the largest that has ever been proposed.
6 June 2021, 18:00 PM

Bureaucrats not smart enough to execute budget on time

Bureaucrats, despite being well trained and educated, are not smart enough to implement the budget in a timely manner, for which this perennial difficulty may persist, Planning Minister MA Mannan said yesterday.
6 June 2021, 18:00 PM

Banking hours to remain 10am to 3pm till June 16

Bangladesh Bank has instructed banks to keep their doors open for customers from 10:00am to 3:00pm until June 16.
6 June 2021, 18:00 PM

REHAB demands low-cost fund

The Real Estate and Housing Association of Bangladesh (REHAB) has demanded the provision of a long-term low interest fund in the proposed national budget for fiscal 2021-22 so that the country’s people can purchase their own homes on instalments equivalent to rent.
6 June 2021, 18:00 PM

Withdraw VAT, import duty on manmade fibre: BTMA

Textile millers yesterday demanded the withdrawal of value-added tax (VAT) and import duty on all kinds of manmade fibre for the potential growth of the non-cotton fashion industry to meet the global demand.
6 June 2021, 18:00 PM

Disburse SME stimulus fast: experts

The government should ensure that stimulus funds for the cottage, micro, small and medium enterprises (CMSMEs) are quickly disbursed in order to facilitate sustainable recovery from the Covid-19 fallouts, according to speakers at a webinar yesterday.
6 June 2021, 18:00 PM

Fiscal measures hardly linked to job creation

The proposed budget has failed to offer fiscal measures to create jobs crucial to millions of the people in the informal sector who slipped to poverty because of the coronavirus pandemic, said experts yesterday.
6 June 2021, 18:00 PM

11 banks face huge capital shortfall

Eleven banks faced a capital shortfall of Tk 24,783 crore in the first quarter of 2021, which highlighted the fragile health of the lenders.
6 June 2021, 18:00 PM

Vaccination not prioritised in proposed budget: Atiur Rahman

The government needs to ensure vaccination for 70 percent of Bangladeshis as soon as possible but it has not prioritised vaccination in the proposed budget, said former Bangladesh Bank governor Atiur Rahman.
6 June 2021, 12:37 PM

Marico to invest Tk 227cr in new unit

Marico Bangladesh is set to invest Tk 227 crore to establish a new manufacturing unit at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, Chattogram as a part of its efforts to catch a greater share of the growing market for fast-moving consumer goods.
5 June 2021, 18:00 PM

Corporate tax cut won’t pay off

Despite a 2.5 percentage point corporate tax reduction, listed and non-listed companies might end up paying more tax than that last year because of a new plan to increase the tax deducted at source (TDS), said the ICAB yesterday.
5 June 2021, 18:00 PM

Continue 0.5pc source tax for 5yrs

Garment exporters yesterday demanded the continuation of the existing 0.5 per cent source tax for the next five years.
5 June 2021, 18:00 PM