Current News

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem has said that widening the tax net is a must for easing the tax burden. He also said that ensuring compliance of the corporations is essential for better operations of businesses and VAT collection. The NBR Chairman said this …

The National Board of Revenue (NBR) has extended its reduced tariff benefit for importing raw sugar until May 15 so that consumers can buy the sweetener at reasonable prices during the upcoming month of Ramadan. As such, refiners can import raw sugar by paying 20 per cent regulatory duty instead …

Five bodies, including the Bangladesh Bank and the Bangladesh Securities and Exchange Commission, have reached an agreement to facilitate the trading of government treasury bonds on the Dhaka Stock Exchange smoothly. The BB, the BSEC, the Dhaka Stock Exchange, the Chittagong Stock Exchange and the Central Depository of Bangladesh signed …

The domestic stock market yesterday plunged for the third consecutive trading session as investors continued their selling spree. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), shed 57 points, or 0.86 per cent, to reach 6,638 by the end of the day. Having lost 115 points collectively …

Chilli growers in the char years under Bogura’s Sariakandi and Sonatala upazilas are disappointed as they are being forced to sell their produce at a lower price compared to last year. So, many chilli growers are switching to maize cultivation as the demand, yield and price of the crop are …

Top 10 turnover leaders in last week posted an aggregate amount of transaction worth Tk 11.51 billion. During the week, the companies grabbed 30.72 per cent of the weekly turnover of Dhaka Stock Exchange (DSE). In last week, the premier bourse posted a total turnover of Tk 37.46 billion which …

An effective VAT audit system based on integrated audited accounts may be introduced where CMAs can play a vital role as a catalyst to the taxman. A comprehensive reform of the value-added tax (VAT) regime and automation can facilitate it for both taxpayers and businesses. Speakers said this at the …

The government downsized the annual development budget to Tk 2.07 trillion with cuts in foreign assistance by Tk 175 billion, as foreign-aided projects lost gear into lax execution. On Wednesday, the National Economic Council (NEC) approved the Tk 2.07-trillion revised annual development programme (RADP) for the current fiscal year with …

Bangladesh on Friday iterated its demand for the removal of anti-dumping duty imposed by New Delhi on Bangladesh’s jute products in 2017. At the Bangladesh-India commerce secretary level meeting held at New Delhi, Bangladesh also asked to keep Bangladesh out of the purview of the Indian Customs (Administration of Rules …

Led by a surge in vegetable oils and dairy products, global food prices soar a record high in the month of February, the Food and Agriculture Organization says. The United Nations agency’s food price index, which tracks the most globally traded food commodities, averaged 140.7 points in the last month …