News

Despite the COVID-19 pandemic, revenue collection from the brick kilns under Jashore Customs, Excise and VAT Commissionerate witnessed a 300 percent growth during this July-February period of the current fiscal year (FY21).

The securities regulator approved the draft prospectuses of two open-end mutual funds (MFs) and also took a decision to issue licences to two fund managers.

Bangladesh needs to improve infrastructure and standard of education, equip the youth population with market-oriented skills and uproot corruption to become a high-income country, experts say.

National Board of Revenue chairman Abu Hena Md Rahmatul Muneem on Thursday said that they would prepare tax measures for the forthcoming national budget for the fiscal year 2021-22 to support the local industry, increase productivity and reduce import dependency.

The Bangladesh Bank on Thursday allowed shipping agents to charge a higher commission for handling vessels in Bangladesh’s ports for imports of goods.

Telecom operators pay 45% in corporate tax, as high as what tobacco manufacturers pay to the government

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), today closed trading in slump as risk-averse investors opted for quick-profit on selective issues.

The Bangladesh Investment Development Authority (BIDA) has allowed repatriation of outward remittance up to 6.0 per cent of the previous year’s sales value, for companies in commercial operation, without its approval to facilitate foreign investors.

Bangladesh’s attractiveness as an apparel-sourcing destination has remained potent despite increased competition in recent years, according to a new survey of management consulting firm McKinsey & Company.

The country’s mobile phone operators have failed to comply with the regulatory requirement in providing 4G data download speed to their subscribers with state-owned Teletalk identified as the poorest operator.