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    Islami Bank’s immediate past chairman to sell 95pc of his stakes

    Staff Correspondent | Updated at 11:32pm on April 06, 2017

    The immediate past chairman of Islami Bank Bangladesh Limited’s board Mustafa Anwar on Thursday announced that he would sell-off 95 per cent of his stakes in the bank...

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    Apparel makers demand no source tax on export income for two years

    Staff Correspondent | Updated at 11:27pm on April 06, 2017

    Apparel makers on Thursday demanded that the National Board of Revenue exempt RMG exporters from paying source tax on export proceeds for the next two years so that they can tackle the ongoing ‘crisis’ in the sector...

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    ADB retains 6.9pc growth forecast for FY17

    Staff Correspondent | Updated at 11:25pm on April 06, 2017

    The Asian Development Bank on Thursday retained its March, 2016 forecast of 6.9 per cent GDP growth for Bangladesh for the current fiscal year of 2016-17 amid unpleasing earnings from two major sources — remittance and export...

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    NBR preparing doctors’database

    Staff Correspondent | Updated at 11:15pm on April 06, 2017

    The National Board of Revenue is preparing a database of doctors, primarily of those who are practicing in the Dhaka city, to bring them under the income tax net and prevent tax evasion...

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    Dhaka stocks slump on profit taking after two-day gain

    Staff Correspondent | Updated at 11:20pm on April 05, 2017

    Dhaka stocks declined on Wednesday amid slump in share prices of almost two-third traded scrips as investors went on profit booking selling spree following the two days of market surge...

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    Govt revenue from DSE rises 35pc in March

    Staff Correspondent | Updated at 11:20pm on April 05, 2017

    The government’s tax receipt from Dhaka Stock Exchange increased by 34.58 per cent or Tk 8.04 crore in March compared with that in the previous month mainly due to rise in turnover on the bourse..

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    Rod, steel product prices may go up after new VAT law comes into effect

    Staff Correspondent | Updated at 11:18pm on April 05, 2017

    Prices of some products, mostly steel products, may increase after implementation of the new value-added tax law from July 1, an impact analysis of the National Board of Revenue found...

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    Bourses may hold 70pc shares of clearing company

    HM Murtuza | Updated at 11:16pm on April 05, 2017

    Dhaka and Chittagong stock exchanges may get up to 70 per cent stake of the clearing and settlement company (CASC) or central counterparty that would be formed for smooth settlement of securities including debt, equity and derivative products of the capital market...

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    BB revises banks’ investment limit in bonds

    Staff Correspondent | Updated at 11:15pm on April 05, 2017

    Bangladesh Bank on Wednesday revised ceiling on banks’ investment in bonds and debentures in line with Bank Company Act (amended) 2013...

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    Trade deficit soars to $6b in 8 months

    AKM Zamir Uddin | Updated at 11:12pm on April 05, 2017

    The country’s trade deficit soared by 45.39 per cent to $6.08 billion in the first eight months of the current financial year 2016-17 compared with that of $4.18 billion in the corresponding period of the FY16 as import payment growth is outpacing export earning growth by a long margin this FY...