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    5pc advance tax on all imports in proposed budget

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

    Businesses will have to pay 5 per cent advance tax or AT — a value-added tax — on imported items ranging from capital machinery to...

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    BTRC allows telcos to charge more for mobile banking service

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

    Bangladesh Telecommunication Regulatory Commission on Monday allowed the mobile network operators to charge the mobile financial service operators each time for accessing mobile operators’ network.Telcos...

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    Loss making entities must also pay tax at regular rate

    Jasim Uddin | Updated at 12:00am on June 18, 2019

    Tax burden of source tax deducting entities, including companies, banks, NGOs, government agencies and other employers, would increase significantly if they did not deduct source...

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    Huawei says US ban to wipe $30 billion off its revenue

    Reuters . Hong Kong | Updated at 12:00am on June 18, 2019

    China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a US ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue...

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    US chipmakers quietly lobby to ease Huawei ban

    Reuters . San Francisco/Washington | Updated at 12:00am on June 18, 2019

    Huawei’s American chip suppliers, including Qualcomm and Intel, are quietly pressing the US government to ease its ban on sales to the Chinese tech giant,...

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    US businesses beg to be left off Trump’s tariff list

    Reuters | Updated at 12:00am on June 18, 2019

    Hundreds of US businesses from local bridal shops to multi-billion dollar retailers have submitted comments to the US Trade Representative’s Office opposing president Donald Trump’s...

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    Bangladesh to become ADR-friendly, says BB governor

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

    Bangladesh Bank governor Fazle Kabir on Monday expected that the country would become one of the alternative dispute resolution-friendly nations within the region. He expressed...

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    Singapore exports fall most in 3yrs as China shipments slip

    Reuters . Singapore | Updated at 12:00am on June 18, 2019

    Singapore’s non-oil domestic exports (NODX) fell 15.9 per cent year-on-year in May, the biggest decline since March 2016, partly due to a sharp decline in...

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