Nov 22
Daily News Head Line
Tax fair ends on a high note PDF Print E-mail

Thousands of taxpayers thronged to submit returns and collect the newly introduced 'Income Tax ID Card' from the weeklong tax fair that concluded yesterday.

As of Day 6 of the fair, taxmen collected Tk 1,791.12 crore, up 4 percent from a year earlier. Some 2.69 lakh returns were submitted, which is an increase of 79.44 percent from a year earlier.

Some 9.44 lakh people received tax related assistance from taxmen from the fair that took place for seven days in all divisional cities since the first November and for four days at district towns.

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Govt to build 3,600MW LNG-based power plant PDF Print E-mail

Bangladesh is set to get 3,600 megawatts of electricity from a LNG-based power plant at Payra, the largest yet, as part of the government's efforts to give the economy the impetus needed to meet the growth aspirations.

North-West Power Generation Co., an enterprise of Bangladesh Power Development Board, and Siemens yesterday signed a primary agreement for setting up the plant in Patuakhali.

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Private sector credit demand buoyant PDF Print E-mail

Private sector credit growth stood at 17.8 percent in September in continuation of the high growth registered in the last few months due to increased demand for credit from the business community.

Although the growth in September was 0.04 percentage points lower than a month earlier, the figure is still well above the target of 16.2 percent set in the monetary policy for the first half of the fiscal year.

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Naser Ezaz Bijoy, new CEO of StanChart Bangladesh PDF Print E-mail

Naser Ezaz Bijoy has recently been appointed as CEO of Standard Chartered Bank Bangladesh with effect from November 7.

Prior to the appointment, he was the head for global banking, the bank said in a statement yesterday.

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Treble spending on infrastructure PDF Print E-mail

Bangladesh needs to increase allocation for infrastructure development by more than 3.5 times from its current annual spending of $3.5 billion if it wants to benefit from regional and international connectivity, experts said yesterday.

The idea that only the government should develop and maintain the infrastructure needs to be changed.

“The private sector should also participate in the development of infrastructure,” said Syed Afsor H Uddin, chief executive officer of PPP (public-private partnership) Office.

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