The proposed Income Tax Act includes 43 service receivers to submit proof of tax filing and if the taxable income does not exceed the tax-free threshold, they have to pay a minimum tax of Tk 2,000.

For the first time, the Trading Corporation of Bangladesh (TCB) will sell rice at subsidised rates along with oil, sugar and lentils to one crore family cardholders from the next month, Commerce Minister Tipu Munshi said yesterday.

Bangladesh needs to manage the economy carefully and deepen structural reforms to deal with lingering external pressures, a top official of the World Bank said yesterday. 

There must be a clear policy on overall human resource management approved by the board of directors

An IFC, ILO assessment finds

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged down 1 point, or 0.02 per cent, to 6,308 at 11:55 am.

This recovery brought hope to entrepreneurs related to the local tourism industry, which suffered huge losses due to the coronavirus outbreak

The Bangladesh Small and Cottage Industries Corporation (BSCIC) established an industrial estate on 26.30 acres of land in the Dapunia area of Jamalpur in 1980 with a view to developing small and medium enterprises and creating jobs.

The government should target reducing demand through ensuring market-based interest and exchange rates as well as cutting allocation for infrastructure projects to rein in inflation and protect the foreign currency reserves, said economists yesterday.

Local production of mobile phones declined substantially in Bangladesh in April as manufacturers grappled with a massive drop in sales amidst the grey market’s expansion.

Tax collection by the National Board of Revenue (NBR) shot up in May, powered by buoyancy in value added tax (VAT) collection from domestic economic activities and increased income tax receipts, according to a provisional estimate. 

Partnership firms, registering more than Tk 2 crore in annual turnover, are expected to require the submission of an audited financial statement along with returns as the tax authority seeks to include the provision in the new income tax bill. 

Agricultural mechanisation has increased in Bangladesh. But it is mostly limited to some crops grown in large areas such as rice and there is a need to push for its expansion in horticulture, aquaculture and dairy farming. 

All indices of the Dhaka and Chattogram bourses fell yesterday.

HBL has appointed Parul Das as its new chief financial officer (CFO) for Bangladesh.

Prime Bank Ltd has recently partnered with Jatri Service Limited, a transportation service in Dhaka.

Oil prices fell on Monday ahead of a US Federal Reserve meeting as investors tried to gauge its appetite for further rate hikes and amid concerns about the prospects for Chinese demand and rising Russian supply.

Mutual Trust Bank Limited has launched an app named “M Auto Lead” to accelerate digital transformation for auto vendors.

Sadia Rayen Ahmed was elected as the chairman of Dutch-Bangla Bank Limited yesterday.

Transcom Digital, a partner of Japanese electronics company Arcelik, has launched a new series of Hitachi washing machines.