DHAKA: National Board of Revenue (NBR) Chairman Golam Hossain on Wednesday categorically said the income tax would be the main sector as revenue income in the budget of upcoming fiscal year 2014-15. The NBR chief came up with the observation while talking to the journalists after

DHAKA: Asia's growing dependence on Middle Eastern oil has amplified the risks it faces if the Strait of Hormuz is suddenly shut, making it more vulnerable to such a disruption than other regions. British think-tank Chatham House said on Wednesday, reports The Straits Times. Asia is

DHAKA: The Government of the Arab Republic of Egypt and the Government of the People’s Republic of Bangladesh signed agreement of two aircrafts for Bangladesh Biman.  Both of the two aircrafts were taken on lease from Egypt Air, the national flag-carrier of Egypt. The lease agreement

DHAKA: The point-to-point inflation rate dropped to 7.46 percent for the month of April 2014 from 7.48 percent of March. Inflation rate on food products has come at 8.95 on April – a .01 percent down from the previous month while inflation on others products came at 5.23 percent – a

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Wednesday. The key index of Dhaka Stock Exchange, DSEX, rose over 12 points to stand at 4,575 at the close on the fourth trading day of the week. Trade deals stood at 98,020 with transaction at Tk

DHAKA: Alibaba, arguably the world's biggest e-commerce company, filed paperwork on Tuesday that sets the stage for what could be the biggest initial public offering in U.S. history. The Chinese tech behemoth filed with the Securities and Exchange Commission to raise $1 billion, but that

DHAKA: Japan International Cooperation Agency (JICA) is going to provide Bangladesh $1.2 billion assistance in the upcoming fiscal year. JICA Chief Representative Takuo Toda made the disclosure after a meeting with Planning Minster AHM Mustafa Kamal at the ministry in Sher-e-Bangla Nagar

DHAKA: The Anti-Corruption Commission (ACC) Tuesday approved charge sheets in 10 out of 27 cases in much-talked-about Hall-Mark loan scam.  Some 21 people--11 from Sonali Bank and rest of Hallmark officials--were charged over the country’s biggest ever banking fraud at the regular

DHAKA: The United States will continue discussion with the incumbent government of Bangladesh over extrajudicial killings, political violence and freedom of the press. The US Department of State official made the assertion on Monday. Deputy spokesperson Marie Harf came up with the

CHAPAINAWABGANJ: Grameenphone, one of the leading mobile phone operators in the country, officially launched 3G service in Chapainawabganj district. Deputy Commissioner Sarder Sarafat Ali inaugurated the 3G service, the latest telecommunication technology in the country, at Baten Khan

DHAKA: The world’s largest beverage-maker, Coca-Cola, plans to remove a controversial ingredient from some of its drinks brands by the end of this year, following an online petition. Brominated vegetable oil, or BVO, is found in Coca-Cola fruit and sports drinks such as Fanta and

DHAKA: Twenty-three influential people, those have allegation of dodging duty fees and laundering money abroad, are reportedly controlling the country’s paper industry, bringing an uncertainty to the families of some 22 lakh laborers of the industry.The ‘duty free opportunity’ to

NAOGAON: Deputy High Commissioner of India Sandeep Chakravorty and Sadhan Chandra Majumdar MP jointly inaugurated 400 deep tube-wells in Porsha, Sapahar & Niamatpur upazilas of the district on Monday. Sujit Ghosh, Counsellor (Political and Information), R Masakui, Counsellor (Economic and

DHAKA: The Ministry of Finance (MoF) Monday ordered to offload shares of 21 state owned enterprises (SoEs) by December.The directive came from an inter-ministerial meeting with representatives of the SoEs at Finance Ministry.Sources said the progress of share offloading was reviewed in

DHAKA: Bangladesh Bank (BB) said foreign exchange reserves reached a record high of $20.37 billion at the end of April.The reserve is 37 percent higher than the previous year, the central bank sources said.The higher reserves can cover more than six months’ imports, sources added. On

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Monday. The key index of Dhaka Stock Exchange, DSEX, rose over one point to stand at 4,506 at the close on the second trading day of the week. Trade deals stood at 82,574 with transaction at Tk 3,681

DHAKA: Most of the workers of readymade garment industry of the country are not members of any labour union, said a recent survey conducted by Democracy International (DI). DI conducted this survey of RMG workers to have an in-depth understanding on labour issues, formation of labour

DHAKA: The Centre for Policy Dialogue (CPD) on Sunday demanded the opportunity to turn the black money into white money be scraped in the upcoming budget.The CPD came up with the plea at a press conference on ‘recommendations for the National Budget FY2014-15’ at BRAC Center Inn in

DHAKA: Etihad Airways will be targeting premium high-yielding passengers following the announcement on Sunday of hotel-style bedrooms on its Airbus A380 fleet. ‘The Residence by Etihad,’ its A380 premium class offering, features a living room, separate double bedroom and an ensuite

DHAKA: Anti-Corruption Commission (ACC) submitted charge sheet against 51, including Managing Director, Chairman of MLM Company Destiny brining allegation of embezzling Tk 4,119 crore. ACC Deputy Director Mozahar Ali Sarder submitted the charge sheet to Dhaka Chief Metropolitan