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    Agri machine makers want duty waiver on import of all spare parts

    Staff Correspondent | Updated at 12:07am on April 19, 2017

    The Agricultural Machinery Manufacturers Association, Bangladesh on Tuesday sought a waiver of duty imposed on import of spare parts required for manufacturing farm machinery including power tiller, thresher and riper as part of the government’s efforts to mechanise the country’s agriculture sector..

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    Moody’s retains B’desh Ba3 credit rating

    Staff Correspondent | Updated at 12:06am on April 19, 2017

    Global credit rating agency Moody’s Investors Service said it has retained its rating (Ba3) for Bangladesh’s sovereign credit. The country maintained the stable outlook on the ratings, the agency said on Tuesday in its report ‘Global Credit Research-2017’. Moody’s also affirmed Bangladesh’s Ba3 issuer, senior unsecured ratings and NP short-term issuer ratings..

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    Govt forms committee to face EU Compact review on labour issues

    Staff Correspondent | Updated at 12:05am on April 19, 2017

    The government on Tuesday formed a working committee consisting of factory owners, labour leaders and government officials to assess the status of labour issues raised by the ILO and the EU and to find out ways to address the concerns collectively...

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    Mobile cos request NBR to resolve VAT-related disputes

    Staff Correspondent | Updated at 11:58pm on April 18, 2017

    The country’s mobile operators on Tuesday urged the National Board of Revenue to resolve long-pending disputes related to SIM replacement tax and value-added tax on different charges in the shortest possible time to regain investors’ confidence and attract more foreign direct investment..

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    BSEC set to seek more easing of BB rules

    HM Murtuza | Updated at 11:53pm on April 18, 2017

    The Bangladesh Securities and Exchange Commission is going to formally request the central bank to exclude banks’ and non-bank financial institutions’ investments in any open-end mutual fund from the entities’ capital market exposure...

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    Power sector helps stocks to end eight-day losing spell

    Staff Correspondent | Updated at 11:30pm on April 17, 2017

    Dhaka stocks inched up on Monday, ending eight-day losing spell, as the share prices of power sector surged. The key index of Dhaka Stock Exchange, DSEX, advanced by 0.05 per cent, 3.29 points, to finish at 5,596.12 points after declining 185 points in previous eight trading sessions....

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    ADB board of governors to meet in Japan in May 4-7

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:28pm on April 17, 2017

    The 50th annual meeting of the Asian Development Bank’s board of governors will be held on May 4-7 at the Pacifico Yokohama in Yokohama, Japan...

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    20 banks warned of existential crisis over soaring defaulted loans

    Staff Correspondent | Updated at 11:23pm on April 17, 2017

    Bangladesh Bank has warned top bosses of 20 banks that the entities might face existential crisis unless effective measures are taken to recover their defaulted and written-off loans...

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    FICCI demands fixed tax measures for 5yrs, cut in corporate tax by 10pc

    Staff Correspondent | Updated at 11:22pm on April 17, 2017

    Foreign Investors’ Chamber of Commerce and Industry on Monday demanded for a fixed tax measures at least for five years to facilitate the investors in preparing better investment and tax plans..

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    Muhith again rejects businesses’ demand for VAT rate change

    Staff Correspondent | Updated at 11:21pm on April 17, 2017

    Finance minister AMA Muhith has once again turned down the plea for reducing the new Value Added Tax rate against business people’s claim that the proposed 15 per cent VAT would affect their business badly...