Banks post healthy operating profits

The country’s scheduled banks in the just concluded year posted healthy operating profits despite debacle in the capital market, liquidity crisis, lower loan disbursement and a stagnation condition in opening and settling of letter of credits for import. A BB official told New Age on Monday that although the growth in profits in 2012 was not high compared with the previous... Full story

20 highest taxpayers get NBR awards

The highest individual and corporate income taxpayers of the 2009-2010 financial year are seen with finance minister Abul Maal Abdul Muhith at the tax card hand over ceremony at the Officers’ Club in the city on Monday. — New Age photo

The National Board of Revenue on Monday awarded the 20 highest individual and corporate income taxpayers of the 2009-2010 financial year in recognition of their contributions towards the nation’s economy. Finance minister Abul Maal Abdul Muhith handed over the tax cards and certificates to 10 individuals and 10 companies at a... Full story

Stocks brace for another dull year ahead of elections: experts

The ailing stock market might witness another dull year in 2013 as there is a fear of possible political unrest and unfriendly investment conditions ahead of the next national election, said experts. Full story

Dhaka Int’l Trade Fair begins today

Participants are busy taking last-minute preparations with the 18th Dhaka International Trade Fair 2013 set to begin at the city’s Sher-E-Bangla Nagar today. — New Age photo

The 18th Dhaka International Trade Fair -2013 begins today at Sher-E-Bangla Nagar in the capital. Prime minister Sheikh Hasina as the chief guest is expected to inaugurate the month-long fair. Export Promotion Bureau... Full story

Jahangir re-elected BTMA president

Jahangir Alamin, chairman of Shamsul Alamin Group, was on Sunday re-elected president of the Bangladesh Textile Mills Association for the years 2013 and 2014. The election was held during its 29th annual general meeting held at BTMA Research and Training Centre in Dhaka. Abdul Mannan Miah, Showkat Aziz Russel and... Full story

Kingfisher Airlines set to lose flying licence

Debt-laden Kingfisher Airlines is set to lose its licence to fly after it failed to convince regulators about how it plans to fund operations under a proposal to get it flying again, a senior government source said. Full story

Wall Street Week Ahead: Cliff may be a fear, but debt ceiling much scarier

Investors fearing a stock market plunge - if the United States tumbles off the 'fiscal cliff' next week - may want to relax. But they should be scared if a few weeks later, Washington fails to reach a deal to increase the nation's debt ceiling because that raises the... Full story