• Images

    Businesses give mixed reaction to budget

    Staff Correspondent | Updated at 01:26am on June 03, 2017

    Business associations and trade bodies have expressed mixed reaction to the proposed budget placed before parliament for the financial year 2016-17...

  • Images

    Tax returns submission must for pvt sector execs

    Staff Correspondent | Updated at 01:25am on June 03, 2017

    Finance minister AMA Muhith has proposed to make submission of income tax returns mandatory for executives and managers employed in a business or profession in the private sector from the next fiscal year 2017-18...

  • Images

    Commodity prices remain high as traders weigh budget

    Staff Correspondent | Updated at 01:23am on June 03, 2017

    The prices of daily essentials including rice, sugar, vegetables and garlic remained high in the city’s kitchen markets on Friday a day after the announcement of the proposed national budget for the next financial year (2017-18)...

  • Images

    FICCI terms budget ‘highly challenging’

    Staff Correspondent | Updated at 01:22am on June 03, 2017

    The Foreign Investors’ Chamber of Commerce and Industry on Friday said that the proposed budget, size of which is 26 per cent higher than this fiscal year’s revised budget, was highly challenging...

  • Images

    CPD slams govt for keeping Tk 2,000cr for SOBs

    Staff Correspondent | Updated at 01:20am on June 03, 2017

    The Centre for Policy Dialogue on Friday criticised the government for keeping allocation of Tk 2,000 crore for recapitalisation of state-owned banks and continuation of the scope for legalisation of undisclosed money in the proposed budget for the next fiscal year...

  • Images

    Manufacturing sector growth slides in FY17

    Staff Correspondent | Updated at 01:08am on June 03, 2017

    The growth of country’s manufacturing sector declined in the outgoing fiscal year (2016-17) after two years of rise as entrepreneurs are lacking in confidence to set up new industrial units due to dull business climate, said economists and experts....

  • Images

    Dhaka stocks rise for 3rd day

    Staff Correspondent | Updated at 11:05pm on June 01, 2017

    Dhaka stocks advanced for the third session on Thursday as investors continued buying shares of large capitalised scrips, especially those of banks and energy firms on the budget day...

  • Images

    Stock exchange services made VAT-free, BSEC income made tax-free

    Staff Correspondent | Updated at 11:03pm on June 01, 2017

    All kinds of services at the capital market have been kept out of the Value-Added Tax and Supplementary Duty Act-2012 which will come into force from July 1....

  • Images

    8 new IT sectors to get tax exemption

    Staff Correspondent | Updated at 11:02pm on June 01, 2017

    Finance minister Abul Maal Abdul Muhith on Thursday proposed a number of tax measures in favour of the information communication technology sector and local manufacturers of ICT products...

  • Images

    Local industrial sector to get tax facilities

    Staff Correspondent | Updated at 10:59pm on June 01, 2017

    Finance minister AMA Muhith on Thursday proposed that a number of tax measures be taken on different items from the next fiscal year 2017-18 to boost up domestic industrial sector...