Bangladesh

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

Airtel network disrupted for 20 hours

A large number of subscribers of Airtel in Dhaka and 10 other districts faced network disruption for around 20 hours from 8:53pm Tuesday because of a technical glitch at its switches.
1 June 2016, 18:00 PM

Fruit bagging to ensure chemical-free mangoes

Fruit bagging is gaining popularity among the mango growers in the district as an effective alternative to chemical pesticides.
1 June 2016, 18:00 PM

MP assaults polls official

The Election Commission has decided to file a case against ruling Awami League lawmaker Mustafizur Rahman Chowdhury for allegedly assaulting an upazila election officer in Chittagong yesterday.
1 June 2016, 18:00 PM

Sending troops not mandatory

In an apparent effort to remove confusion over sending troops to the Saudi-led alliance to combat terrorism, Dhaka yesterday reiterated its position and said nothing is mandatory for 34 member states.
1 June 2016, 18:00 PM

3 brothers convicted

The war crimes tribunal yesterday convicted three brothers from Habiganj of crimes against humanity and handed down death penalty to one of them and jail until death to the others.
1 June 2016, 18:00 PM

His troubles pile up

Jamal Ibne Musa, dubbed the real-life “Bajrangi Bhaijaan” for his efforts to reunite an Indian boy with his family, is now facing police harassment for that very cause.
1 June 2016, 18:00 PM

Violence on over UP polls

At least one person was killed and over a dozen were injured in violence over union parishad polls in several districts in last two days.
1 June 2016, 18:00 PM

Fahim Munaim passes away

He had an endearing smile that would light up his face. He would always greet people with a great deal of warmth and leave them enchanted with his sharp wit.
1 June 2016, 18:00 PM