Bangladesh

Super rich have to pay more taxes

The super rich would have to pay more tax as the budget proposed restructuring the surcharge on individual's net wealth and increase the maximum rate up to 30 percent.
2 June 2016, 18:00 PM

Down under VAT glut

Returning early from work, Mahbub Alam, an employee of a non-government organisation, flopped down on his couch and
2 June 2016, 18:00 PM

VAT to push up cost of living

The government has backtracked from its decision to roll out the new VAT law from July due to resistance from businesses and a section of revenue officials and inadequate preparation from the National Board of Revenue.
2 June 2016, 18:00 PM

Tobacco tax to benefit multinationals

Multinational tobacco companies will benefit from the proposed budget as the finance minister has not increased the prices of medium and high segment cigarettes.
2 June 2016, 18:00 PM

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

Revenue target very ambitious

While economists have praised the proposed budget's emphasis on mega projects, skill development and job creation, they have termed the revenue generation target very ambitious.
2 June 2016, 18:00 PM

Middle-class hit by tax burden

Ariful Islam has been paying taxes regularly for the last several years on the income from his employment as a banker.
2 June 2016, 18:00 PM

Empire of S M Sultan

Legendary artist Sheikh Mohammad Sultan, popularly known as S M Sultan, is considered one of the greatest painters in the sub-continent. He was born on 10th August, 1923 in a poor family living in Masimdia village, beside the river Chitra, under Narail district.
2 June 2016, 18:00 PM

Education gets a big boost

The government broke with its tradition in education by boosting the allocation 32 percent year-on-year to Tk 49,009 crore for the next fiscal year.
2 June 2016, 18:00 PM

Cagers suffer close loss

Hosts Bangladesh complete their Treat FIBA Asian U-18 Basketball Championship Qualifiers campaign with a heart-breaking 60-64 defeat at the hands of Sri Lanka at the Dhanmondi Basketball Gymnasium.
2 June 2016, 18:00 PM

Mobile bills to go up

The cost of using a mobile phone would go up by more than two percent as the proposed budget looks to hike the supplementary duty on SIM usage.
2 June 2016, 18:00 PM

'2-tier Test league by 2019 a reality'

A two-division league system for Test cricket could be established in three years in a bid to improve standards in the longest form of the game, International Cricket Council chief executive Dave Richardson said on Wednesday.
2 June 2016, 18:00 PM

Focus on fast-track projects

The government has given top priority to eight fast-track mega projects in the upcoming budget, setting aside Tk 18,727 crore for them.
2 June 2016, 18:00 PM

Chandika's dreams of grandeur

If results could speak then they would tell you how successful Chandika Hathurusingha has been during his two-year tenure as head coach of the Tigers. But a successful man never stops moving forward.
2 June 2016, 18:00 PM

Wasa gets €5m French grant for low income groups

French Development Agency will provide a €5 million grant, extending technical assistance to Dhaka Water Supply and Sewerage Authority in developing water connections in low income communities.
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