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    Cabinet asks NBR to place draft of new income tax law

    Jasim Uddin | Updated at 09:57pm on August 30, 2017

    The cabinet has asked the National Board of Revenue to place the draft of the new Income Tax Act before it as soon as possible incorporating international best practices and updating other relevant issues...

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    CBA threatens to create chaotic situation if decision not revised

    Staff Correspondent | Updated at 12:05am on August 31, 2017

    The Bangladesh Bank Employees Association has threatened to create a chaotic situation in the central bank if the BB’s board of directors does not revise its decision on annual financial incentives...

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    Banks purchasing dollars heavily from BB

    Staff Correspondent | Updated at 12:05am on August 31, 2017

    Bangladesh Bank has increased the sales of US dollars in two months (July-August) of this fiscal year amid an appreciation of the greenback against the local currency, taka, on the money market...

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    Stocks inch up amid pre-Eid profit booking

    Staff Correspondent | Updated at 10:52pm on August 29, 2017

    Dhaka stocks inched up on Tuesday, extending their winning streak to fourth consecutive day, aided by fresh investment in pharma and energy shares while many investors went for profit taking ahead of Eid vacation...

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    Japan recruits technical interns from B’desh

    Staff Correspondent | Updated at 10:50pm on August 29, 2017

    Japanese companies are recruiting technical interns from Bangladesh free of costs and under the recruitment process, at least 10 technical interms would leave for Japan today...

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    BTRC formulating guidelines on local mobile handset manufacturing

    Staff Correspondent | Updated at 10:49pm on August 29, 2017

    The Bangladesh Telecommunication Regulatory Commission has initiated a move to formulate guidelines on local manufacturing and assembling of mobile handsets after the government has offered budgetary incentives to patronise the sector...

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    BGMEA seeks VAT waiver on service charges

    Staff Correspondent | Updated at 10:48pm on August 29, 2017

    The Bangladesh Garment Manufacturers and Exporters Association has sought full exemption from paying value-added tax on different service charges for export-oriented sectors, particularly readymade garment industries...

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    Seven banks face Tk 15,387cr in capital shortfall

    AKM Zamir Uddin | Updated at 10:47pm on August 29, 2017

    Seven banks faced capital shortfall of Tk 15,387.07 crore as of June 30 this year as the growing non-performing loans forced them to keep large amount of provision that ultimately worsened their capital base..

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    DSEX hits new high as stocks rise for third day

    Staff Correspondent | Updated at 10:48pm on August 28, 2017

    Dhaka stocks advanced for the third straight session on Monday with the key index, DSEX, hitting an all-time high as investors kept injecting fund, particularly in bank shares amid optimism...

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    Huge current account deficit to put pressure on BoP: UO

    Staff Correspondent | Updated at 10:47pm on August 28, 2017

    A huge deficit in current account together with declining wage earners’ remittance and disbursement of foreign loans and grants will put a heavy pressure on the country’s balance of payment, the Unnayan Onneshan, an independent think-tank, said in its monthly Economic Update published on Monday...