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    VAT on internet infrastructure cos’ services cut to 5pc

    Staff Correspondent | Updated at 12:00am on January 18, 2019

    The government has reduced value-added tax on services of internet infrastructure companies to 5 per cent from existing 15 per cent following demand of the companies, mobile operators and the posts, telecommunications and information communication technology ministry....

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    City Bank MD Sohail resigns

    Staff Correspondent | Updated at 12:00am on January 18, 2019

    City Bank managing director and chief executive officer Sohail RK Hussain has resigned nine months before the expiry of his tenure following a ‘dispute’ with the board of directors of the bank....

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    NBR gives RMG units duty-free import benefits for more fire fighting tools

    Staff Correspondent | Updated at 12:00am on January 18, 2019

    National Board of Revenue has extended duty benefits on import of some additional fire safety equipment and chemicals for export-oriented readymade garment industries....

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    Stocks dip, but insurance cos keep shining

    Staff Correspondent | Updated at 12:00am on January 18, 2019

    Dhaka stocks dropped for the second day on Thursday as investors kept selling shares to take profits after the recent surge in stock prices but financial sectors remained strong....

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    GAPEXPO begins in capital

    Staff Correspondent | Updated at 12:00am on January 18, 2019

    The 10th edition of garment accessories and packaging exposition (GAPEXPO) began in the capital, Dhaka, on Thursday....

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    BB asks banks to provide complete report to its online system

    Staff Correspondent | Updated at 12:00am on January 18, 2019

    Bangladesh Bank on Tuesday asked all authorised dealer banks to provide complete report on inland back to back letters of credit properly with the BB’s online system, as the beneficiaries of LCs were facing various difficulties due to lack of complete information on the online system....

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    US legislation steps up pressure on Huawei and ZTE, China calls it ‘hysteria’

    Reuters . Washington/Beijing | Updated at 12:00am on January 18, 2019

    A bipartisan group of US lawmakers introduced bills on Wednesday that would ban the sale of US chips or other components to Huawei Technologies Co Ltd, ZTE Corp or other Chinese telecommunications companies that violate US sanctions or export control laws....

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    India rice export prices slip as demand lags

    Reuters . Bengaluru | Updated at 12:00am on January 18, 2019

    Rice export prices slipped in India as the rupee weakened and demand waned, with a recent jump in prices for the top exporter’s variety prompting buyers to turn to other markets such as Vietnam, where rates fell ahead of a major harvest....

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