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    Alliance Leasing gets BB nod

    Staff Correspondent | Updated at 11:54pm on June 21, 2017

    Bangladesh Bank has given licence to another non-bank financial institution namely Alliance Leasing and Finance Company Ltd. The BB issued a circular to managing directors and chief executive officers of all banks and NBFIs on June 20 saying that the central bank had given the licence to the NBFI under Financial Institution Act 1993...

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    NBR cuts rice import duty to 10pc

    Staff Correspondent | Updated at 11:52pm on June 21, 2017

    The National Board of Revenue on Wednesday issued a statutory regulatory order lowering the import duty on rice to 10 per cent from 28 per cent to rein in the soaring price of the staple...

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    Beef, broiler prices go up before Eid

    Staff Correspondent | Updated at 11:51pm on June 21, 2017

    The prices of broiler chicken and beef started to increase in the city’s kitchen markets with the approaching of Eid-ul-Fitr, one of the biggest religious festivals for the Muslims...

  • ADB to lend $300m for Ctg-Cox’s Bazar rail link

    Staff Correspondent | Updated at 11:45pm on June 21, 2017

    Asian Development Bank will provide $300 million in loan to Bangladesh for construction of a dual-gauge railway connecting Chittagong and Cox’s Bazar to promote trade and regional connectivity...

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    NBR prepares to retain existing VAT law

    Staff Correspondent | Updated at 11:44pm on June 21, 2017

    The National Board of Revenue has completed all necessary preparations to retain the existing value-added tax law amid the government’s decision to postpone the new VAT law, officials said...

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    Tk 4,327cr more written off

    AKM Zamir Uddin | Updated at 11:30pm on June 21, 2017

    Country’s banks wrote off afresh defaulted loans worth Tk 4,326.98 crore in 2016 as part of cleaning up their balance sheets...

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    Tofail hints at change to proposed uniform 15pc VAT

    Staff Correspondent | Updated at 12:05am on June 22, 2017

    Commerce minister Tofail Ahmed on Wednesday hinted at change to the proposed uniform 15 per cent value added tax on all goods and services. ‘Businesses would be happy with the decision over the uniform VAT rate after the proposed budget for 2017-18 fiscal was passed in the parliament,’ Tofail said while taking part in general discussion on the proposed budget in the house...

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    FBCCI seeks multiple VAT rates

    Staff Correspondent | Updated at 12:38am on June 21, 2017

    The Federation of Bangladesh Chambers of Commerce and Industry has demanded that the government should introduce multiple rates of VAT and increase the tax-free income threshold for individual taxpayers by amending the proposed budget for the fiscal year 2017-2018...

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    Decision on VAT after discussion in JS: Muhith

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:35am on June 21, 2017

    Finance minister AMA Muhith Tuesday said the decision regarding changes in the new value added tax (VAT) law implementation will be announced on June 28 after discussions in the Jatiya Sangsad (JS)...

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    BB serves notice on NRBC Bank chairman

    Staff Correspondent | Updated at 12:32am on June 21, 2017

    Bangladesh Bank has issued a show-cause notice to NRB Commercial Bank chairman Farasath Ali asking him to explain why he placed ‘false information’ before the central bank regarding the private commercial bank’s proposal to appoint independent directors...