VAT waiver widens for ship importers

The revenue administrator has raised the age limit for VAT-free import of ships by seven years to 22 years in an effort to accelerate growth of oceangoing ships industry.
25 June 2018, 18:00 PM

Uniform call rate on cards

The government plans to introduce a uniform call rate for mobile phones to establish a level playing field for the country's telecom operators.
25 June 2018, 18:00 PM

DuSai Resort put up for sale to recover loans

IFIC Bank has moved to auction the DuSai Resort & Spa, a high-end hotel located in Moulvibazar for its failure to repay more than Tk 87.56 crore in loans.
25 June 2018, 18:00 PM

AIIB bullish on Bangladesh

Bangladesh is progressively becoming one of the more important countries for the Asian Infrastructure Investment Bank, with the China-led multilateral lender looking to bankroll energy and transport projects in the country.
24 June 2018, 18:00 PM

Crisis in banks to drag on if steps not taken: CPD

The crisis in the banking sector will linger unless the government takes effective measures to tackle the growing trend of financial scams and bad loans, said analysts yesterday.
24 June 2018, 18:00 PM

Default loans pile up in new banks

Default loans at nine new private banks more than trebled to Tk 1,761 crore in the first quarter of 2018 from the same period a year ago mainly because of illicit lending practices, according to Bangladesh Bank data.
24 June 2018, 18:00 PM

MTB gets $20m term loan from Norfund

Norfund, an active strategic minority investor wholly owned and funded by the Norwegian government, will provide a concessional loan of $20 million to Mutual Trust Bank for socio-economic development of Bangladesh.
21 June 2018, 18:00 PM

VAT on internet use to go down

The value-added tax on internet use might be cut by 5 percentage points from the existing 15 percent to meet a longstanding demand of the ICT businesses.
21 June 2018, 18:00 PM

Making sense of trade policy directions in budget

Annual budgets are widely reported and its components hotly debated, as it usually provides insights on the direction of overall public policy that impinges on a broad spectrum of our lives and livelihoods.
20 June 2018, 18:00 PM

Samsung halts local make of 1 lakh phones

Samsung halts local assembly of one lakh pieces of 4G enabled smartphones because of the sudden 15 per cent hike in VAT in the proposed budget.
20 June 2018, 15:31 PM

Pvt banks decide to lower lending, deposit rates

The owners of private commercial banks have decided to bring down the lending rate at 9 per cent and deposit rate at 6 per cent from next month.
20 June 2018, 08:43 AM

BASIC Bank scam: ACC to file plea challenging ex-DMD's bail

The Anti-Corruption Commission (ACC) will file six appeals with the Supreme Court challenging the High Court verdict that granted bail to Fazlus Sobhan, former deputy managing director of BASIC Bank, in six loan-scam cases.
19 June 2018, 10:58 AM

Forex market still volatile

Bangladesh Bank has failed to cool down the volatility in the foreign exchange market despite an injection of more than $2.30 billion so far in fiscal 2017-18.
13 June 2018, 18:54 PM

Cut dependence on VAT to protect poor: EquityBD

An alliance of 20 local non-governmental and civil society organisations yesterday urged the government to cut dependence on value added tax (VAT), as it takes a heavy toll on the poor.
13 June 2018, 18:48 PM

No VAT on remittance

No value added tax (VAT) has been slapped on inward remittance, the National Board of Revenue said yesterday.
13 June 2018, 18:43 PM

No VAT on remittance: NBR

No VAT or tax has been imposed on remittance in the proposed budget for 2018-19 fiscal year, the National Board of Revenue (NBR) says.
13 June 2018, 11:06 AM

Muhith under attack in JS for mollycoddling banks

Opposition MPs continue their scathing attacks on Finance Minister AMA Muhith in Parliament for his 'failure' to restore discipline in the banking sector.
12 June 2018, 10:07 AM

Muhith keeps mum on banking sector

Nothing budges Finance Minister AMA Muhith after yesterday’s spree of attacks as he kept from commenting over the banking sector at parliament today.
11 June 2018, 08:12 AM

Lower cost of internet: ICT trade bodies

A group of ICT trade bodies reiterate demands of lowering the cost of internet and criticised the government for not having internet-friendly measures in the budget plan.
10 June 2018, 11:06 AM

MPs blast Muhith for bank scams

​Opposition and some of the ruling party lawmakers in the parliament criticises Finance Minister AMA Muhith for not stating any measures in the proposed budget for fiscal 2018-19 against irregularities in the financial and banking sectors.
10 June 2018, 09:50 AM