DHAKA: Japan will provide Tk 15,326 crore (USD 1,831 million) loan to Bangladesh for implementing six developmental mega projects including Jamuna railway bridge. Economic Relations Division (ERD) Secretary Kazi Shofiqul Azam and Japanese Ambassador to Dhaka Hiroyasu Izumi signed the

DHAKA: The government has not imposed any Value Added Tax (VAT) on remittance in the proposed budget for 2018-19 fiscal year, said an official of the National Board of Revenue (NBR). NBR senior information officer Sayed A. Mumen said it in a statement released on Wednesday (June 13).

British American Tobacco (BAT) Bangladesh received yet another international accolade, the Asia Responsible Enterprise Award 2018 (AREA) for its CSR initiative ‘Deepto’ under Green Leadership category.  The award was handed over at the International CSR Summit 2018 held in Manila,

DHAKA: National Board of Revenue (NBR) Chairman Mosharraf Hossain said no VAT will be imposed on online shopping. He was addressing the post-budget press briefing, at Osmani Auditorium in Dhaka Friday (June 8).  “VAT has been imposed on various social media platform including

DHAKA: The government on Thursday (June 7) has proposed a Tk 4,64,573 crore budget for 2018-19, fixing the target of attaining a higher GDP growth of 7.8 percent in the financial year. Total Outlay                                    Tk 4,64,573 cr Total Tax Revenue

DHAKA: Finance Minister AMA Muhith has started placing the 47th national budget for Fiscal Year 2018-19 in the Parliament on Thursday afternoon (June 7). After placing the supplementary budget for 2017-18 at 12:40 pm, finance minister AMA Muhith started reading out the proposed budget

DHAKA: The cabinet approved the proposed budget of the fiscal year 2018-19 in a meeting at Jatiya Sangsad Secretariat on Thursday (June 7) noon. This will be the tenth budget of the incumbent Awami League-led government after it assumed power in January of 2014. The size of the

DHAKA: Finance Minister Abul Maal Abdul Muhith is set to place the national budget for the Fiscal Year 2018-19 (FY19) Thursday (June 7).  This will be the country’s 47th budget and the 19th of the Awami League government. Muhith will start placing the budget at the Jatiya Sangsad

DHAKA: Neil Menzies has been appointed President of Chevron Bangladesh. The appointment came into effect from Sunday (June 3), said press release Tuesday (June 5). Prior to this assignment, Mr Menzies was Deputy Managing Director of Chevron’s Eurasia Business Unit. In his new

DHAKA: City Bank has won the prestigious ‘Global Climate Partnership Award 2018’ from Global Climate Partnership Fund (GCPF). This is one of the most prestigious awards on energy efficient financing which recognizes outstanding performance and impact of partner institutions in the

DHAKA: Accord and Alliance, two platforms of buyers from Europe and America working to improve workplace safety in readymade garment sector of Bangladesh, is leaving the country by January 31 next year, said Commerce Minister Tofail Ahmed.   The minister came up with the announcement,

Employees and officers of various public sector banks across India are on a two-day strike starting Wednesday (May 30) to protest a nominal 2 per cent wage hike offered by the Indian Banks' Association (IBA). The strike is expected to hit bank customers hard as it may disrupt

DHAKA: Finance Minister Abul Maal Abdul Muhith said that the country will start the importation of gold soon, to meet the demands of the precious metal in the local market. “Gold wasn’t imported here ever. But it will be introduced now. Gold can be imported after getting licence

DHAKA: The High Court has summoned all the investigations officers of the 56 cases filed over BASIC Bank loan scam, to explain why they failed to complete the investigation within the given time. The investigation officers have been asked to appear before the court May 30, along with

Dhaka: The Executive Committee of the National Economic Council (Ecnec) on Tuesday (May 22) approved the Padma Bridge Rail Link Project (first revised), which is estimated at Tk 39,246.80 crore. It also cleared 15 other projects, including the 4th Primary Education Development Programs

DHAKA: The national parliament was approved a Tk 332.53 crore budget to spend on its development and non-development expenditures for the fiscal year 2018-19. The Parliament Secretariat Commission passed the budget at its 29th meeting, chaired by Speaker Dr Shirin Sharmin Chaudhury, on

DHAKA: The World Bank approved Tk 913 crore loan for sustainable development through the use of technology and environmentally-friendly production in small enterprises sector. The organization has given USD 11 crore (Tk 913 crore) for Sustainable Enterprise Project (SEP), which will be

DHAKA: The High Court issued a show-cause notice to the authorities asking why they should not be directed to abolish the Destiny-2000 Limited. A one-member HC bench of Justice Md Rezaul Hasan passed the order on Tuesday (May 15). Lawyer ABM Siddiqur Rahman Khan and Mainul Islam

DHAKA: Dhaka South City Corporation (DSCC) has fixed the price of local beef to Tk 450 per kilogram, foreign beef to Tk 420, buffalo to Tk 420 and mutton to Tk 720 in Dhaka during the upcoming holy month of Ramadan. Beef price has increased Tk 25 per kg compared to previous year’s

DHAKA: Anika Chowdhury, the Head of Business Development and Strategy Division at Square Pharmaceuticals Ltd, spoke at the Bangladesh Rising Conference 2018 in USA.  She spoke on the issues related to business leadership opportunities for women, their role models and long-term