Bangladesh
New jobs to stay elusive
The parameters of employment generation show it would be a tough task for the government in the next fiscal year to create adequate jobs, which is a key element for higher economic growth.
2 June 2016, 18:00 PM
Govt sets 7.2% GDP growth target
The government sets a target of 7.2 percent GDP growth for the next fiscal year, considering the positive results in private sector investment.
2 June 2016, 14:43 PM
Govt plans to introduce pension for pvt sector
The government is considering to implement an integrated government-run pension framework for self-employed and employees of private organisations.
2 June 2016, 13:28 PM
Internet communications equipment to cost less
Internet use through WiFi and Wimax will get some boost as the finance minister proposes to reduce import duty on these products.
2 June 2016, 12:20 PM
Obama writes to slain LGBT editor’s family
US President Barack Obama writes to the family of slain LGBT magazine editor Xulhaz Mannan and extends his condolences.
2 June 2016, 12:14 PM
Proposal to reduce withholding tax rates for real estate sector
With a plan to relieve big cities including Dhaka of the pressure of excessive population, Finance Minister AMA Muhith proposes to reduce withholding tax rates for real estate sector in the 2016-17 fiscal year budget.
2 June 2016, 12:04 PM
Govt to introduce Oct 30 as Tax Day
Finance Minister AMA Muhith proposes to set October 30 as the official ‘Tax Day’ changing it from September 30.
2 June 2016, 11:43 AM
Cash incentive for 16 export products
A cash incentive scheme has been proposed for 16 export goods in the budget for next fiscal to boost the demand for those goods in external markets.
2 June 2016, 10:42 AM
Bidi, cigarette prices to increase
The price of cigarette is set to go up as finance minister proposes tax measures to reduce the use of tobacco and maximise the revenue from this sector.
2 June 2016, 10:28 AM
No change in tax-exempted income threshold for individuals
The government has decided not to bring any change to seven tax rates, which include tax-exempted income-threshold for individual tax payers.
2 June 2016, 10:28 AM
Package VAT doubled for small traders
In face of protests from businessmen, the government has decided not to implement a flat VAT rate for small traders and instead almost doubled the package VAT.
2 June 2016, 10:18 AM
Govt backtracks on new VAT law
The government has backtracked on its move to implement the new VAT law from the start of the new fiscal year in the face of resistance from businesses, a section of revenue officials and inadequate preparation by the National Board of Revenue (NBR).
2 June 2016, 09:44 AM
SC upholds BGMEA building demolition order
Supreme Court upholds High Court ruling that ordered demolition of BGMEA building in Hatirjheel area of Dhaka.
2 June 2016, 07:31 AM
Muhith unveils national budget for FY 2016-17
Finance Minister AMA Muhith has been unveiling Tk 340,605 crore national budget for the fiscal year 2016-17 – what is around 29 percent bigger from the current fiscal year.
2 June 2016, 06:03 AM
US Congress launches probe into BB heist
A US congressional committee launches a probe into the Federal Reserve Bank of New York's handling of the cyber theft of $81 million from one of its accounts held by the central bank of Bangladesh, according to a letter seen by Reuters.
2 June 2016, 05:42 AM
Philippines cancels license of remittance firm after BB heist probe
Philippine central bank says it revoked the license of a remittance company that anti-money laundering investigators said was used to transfer some of the $81 million hackers looted from the Bangladesh central bank.
2 June 2016, 05:25 AM
‘Drug trader’ killed in Joypurhat ‘gunfight’
An alleged drug trader is killed in a reported gunfight with law enforcers in Panchbibi upazila of Joypurhat.
2 June 2016, 04:57 AM
Graft case: Court accepts Khaleda’s time petition
A Dhaka court adjourns the hearing of trial proceedings till June 23 in Zia Charitable Trust graft case filed against BNP Chairperson Khaleda Zia and eight others.
2 June 2016, 04:30 AM
'Mega' challenge
In the stumbling block of concrete mess at Moghbazar, Minhaz Abedin waits patiently every day, worrying about his unemployed son, something he has been doing for the past three years now.
1 June 2016, 18:00 PM
Massive loss for hosts
Hosts Bangladesh get off to a frustrating start in the Treat FIBA Asian U-18 Basketball Championship Qualifiers in Dhaka, losing their opening match against regional powerhouse India by 31-90 points.
1 June 2016, 18:00 PM