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    NBR offers tax benefit on lift production

    Staff Correspondent | Updated at 10:47pm on May 20, 2020

    The National Board of Revenue has offered tax benefit on production of lifts and import of raw materials for manufacturing the product. Value-added tax wing of the NBR on May 14 issued...

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    BSEC gets two new commissioners

    Staff Correspondent | Updated at 10:45pm on May 20, 2020

    The government on Wednesday appointed professors Mizanur Rahman and Shaikh Shamsuddin Ahmed as commissioners of the Bangladesh Securities and Exchange Commission for the...

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    PMO frames BIDA one stop service rules

    Staff Correspondent | Updated at 10:43pm on May 20, 2020

    The Prime Minister’s Office has formulated the one stop service rules for the Bangladesh Investment Development Authority to facilitate the ease of doing business and speedy services for...

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    NBR seeks to realise unpaid income taxes

    Staff Correspondent | Updated at 10:41pm on May 20, 2020

    The National Board of Revenue has instructed its field level income tax offices to provide a list of tax defaulters with undisputed dues to the government exchequer of above Tk 5 lakh. The NBR’s income tax wing on Tuesday asked...

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    Bangladesh Bank refrains from setting NBFIs’ lending rate

    HM Murtuza | Updated at 10:38pm on May 20, 2020

    The Bangladesh Bank has refrained from imposing a lending rate ceiling on non-bank financial institutions after more than two months of imposing such limit on the country’s banks. On February 24 this year, the central bank...

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    Resurgent Bangladesh initiative launched

    Business Desk | Updated at 11:16pm on May 19, 2020

    Resurgent Bangladesh, an initiative to help Bangladesh chart out and execute the recovery of the private sector dynamism in the context of COVID-19-led economic shocks, was launched...

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    Banks are not providing support to SMEs: Fazle Fahim

    Staff Correspondent | Updated at 11:14pm on May 19, 2020

    The Federation of Bangladesh Chambers of Commerce and Industry president Sheikh Fazle Fahim on Tuesday said that small entrepreneurs were not getting any support from banks to obtain special loans...

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    Uber Eats to close Bangladesh operations

    Staff Correspondent | Updated at 11:12pm on May 19, 2020

    Uber, a global ridesharing company, has decided to close down the operations of its food delivery service, Uber Eats, in Bangladesh from June this year. An Uber Eats spokesperson in a statement said, ‘We have made...

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    Bangladesh Bank signs deals with 44 banks over stimulus loan refinancing

    Staff Correspondent | Updated at 11:09pm on May 19, 2020

    The Bangladesh Bank has signed participation agreements with 44 banks to disburse Tk 15,000 crore in loans for the implementation of the government-announced stimulus package for large...

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    BGMEA, BKMEA for keeping source tax at 0.25pc unchanged

    Staff Correspondent | Updated at 11:08pm on May 19, 2020

    The country’s apparel makers have demanded that the government continue with the existing reduced rate of source tax (0.25 per cent) and corporate tax for the next five years so that the sector...