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Entrepreneurs have urged the government to withdraw the proposed 15 percent additional tax on imported laptop computer and printer as most traders depend on foreign brands. Leaders of Bangladesh Computer Samity (BCS) and management committee of BCS Computer City in Agargaon jointly made the call from a meeting on Thursday. …

Stocks drifted lower in the first week after unveiling the national budget as investors were not happy with the budgetary measures on the capital market. Week on week, DSEX, the key index of Dhaka Stock Exchange (DSE), shed 54.56 points or 0.84 per cent to settle at 6,425.74, after gaining …

Tax net expansion is essential to improve the Tax-GDP ratio and the government must take steps to enhance the tax net, said experts at a programme on Thursday. The experts made the comments at a virtual webinar titled ‘Salient Features of Finance Bill 2022-2023’ organised by the Institute of Chartered …

State minister for power, energy, and mineral resources, Nasrul Hamid, has said that the government is considering a hike in petroleum prices from next month. ‘But the decision will come after discussion with all stakeholders, including transport business operators,’ he said on Friday. He said that the state-owned Bangladesh Petroleum …

Bangladesh Bank yesterday said it would review a proposal from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to reinstate the relaxed loan classification policy until December this year. Md Serajul Islam, spokesperson of Bangladesh Bank, came up with the remark after a bankers’ meeting between the higher-ups …

Bangladesh and other graduating least-developed countries (LDCs) might not have received a clear-cut extension of the current duty-free trade benefit at the ministerial conference of the World Trade Organization (WTO) that concluded today (June 17, 2022), but their demand was recognised at the declaration. After an intense negotiation for nearly …

From the next fiscal year, government agencies, implementing authorities of various publicly funded projects and corporate entities will come under greater scrutiny of taxmen as the National Board of Revenue has toughened rules to plug scope of avoidance regarding withholding tax deductions and payments. The tax administration, for the first …

Bangladesh Government and the Asian Development Bank (ADB) today signed an agreement for a US$250 million policy-based loan to further improve the social protection system in Bangladesh for supporting the vulnerable population against socioeconomic challenges. Fatima Yasmin, Secretary, Economic Relations Division, and Edimon Ginting, Country Director, ADB, virtually signed the …

Too many trees in rural areas hamper uninterrupted supply of electricity though the country has no deficit in power production, State Minister for Power, Energy and mineral resources Nasrul Hamid told Parliament on Tuesday. Responding to a tabled question from opposition Jatiya Party lawmaker from Pirojpur Rustam Ali Farazi, the …

Finance Minister AHM Mustafa Kamal has said a decision on raising the petroleum prices will come soon. “You will get informed whenever the decision is made,” he told reporters while virtually briefing on the outcomes of the two consecutive meetings of the Cabinet Committee on Economic Affairs (CCEA) and the …