New Age

UN agencies seek upfront VAT waiver on local purchase

Jasim Uddin | Updated at 11:07pm on October 19, 2020

United Nations’ agencies in Bangladesh have sought upfront VAT exemption for locally procured goods and services for official use and project implementation, terming the refund process...
Stocks gain for third day

Staff Correspondent | Updated at 11:09pm on October 19, 2020

Dhaka stocks gained for the third day on Monday as a section of investors kept buying shares of sector-specific large capitalised companies, hoping better earnings results while the insurance sector...
Gen insurers asked to achieve EPS of at least Tk 2, give 20pc dividend

Staff Correspondent | Updated at 09:42pm on October 19, 2020

The Insurance Development and Regulatory Authority on Monday asked all non-life insurance companies to achieve earnings per share (EPS) of at least Tk 2 for the financial year 2020. The regulator also asked the non-life insurance companies to...
Grameenphone profits increase by 22.42pc in Q3

Staff Correspondent | Updated at 11:11pm on October 19, 2020

Net profit of leading mobile phone operator Grameenphone increased by 22.42 per cent or Tk 162.98 crore in the third quarter of the year 2020 amid resumption of economic activities after the stagnation...
China economic recovery speeds up in Q3

Agence Rrance-Presse . Beijing | Updated at 11:16pm on October 19, 2020

China’s economy powered ahead in the third quarter, data showed on Monday, building on a strong recovery from painful coronavirus lockdowns, while the country’s crucial army of consumers picked up...
Alibaba takes over China hypermarket giant SunArt for $3.6b

| Updated at 11:18pm on October 19, 2020

China’s e-commerce behemoth Alibaba has bought a controlling $3.6 billion stake in SunArt which runs hundreds of hypermarkets on the mainland for French shopping giant Auchan...
Philips Q3 earnings rise on virus healthcare demand

| Updated at 11:19pm on October 19, 2020

Dutch firm Philips said on Monday that its third quarter net profit rose sharply as its health arm got a boost from demand driven by the coronavirus pandemic. Net profit for the three months to September jumped more than...
One-third of RMG export out of benefit: BGMEA

Moinul Haque | Updated at 11:41pm on October 18, 2020

More than one third of Bangladesh’s total readymade garment export to China still remained out of the coverage of duty-free benefit despite the country granting zero tariff treatment to 97 per cent...