The National Board of Revenue has failed to achieve its revenue collection target from income tax for the first half of the current fiscal year.
The income tax revenue collection fell mainly due to drop of tax at source from different sectors, officials...Full story
Country’s premier bourse the Dhaka Stock Exchange was the worst performing stock market last year in comparison with the major stock markets across the globe. According to the latest DSE data, the bourse’s...Full story
The country’s readymade garment manufacturers are not in favour of foreign direct investment by China in basic RMG sector; rather they want investment in high-end products. The industry people say they find no reason to encourage foreign direct investment...Full story
Bangladesh Bank will hold a meeting on January 19 with leading economists, bankers and chamber leaders to exchange views on the next monetary policy scheduled to be announced on January 30, officials said.Full story
Last week was the second straight week Dhaka stocks declined after three weeks on the up as the finance minister’s negative remark and the proposed new limit for bank’s capital market exposure took their toll on the investors’ sentiment.Full story
The US Department of Homeland Security urged computer users to disable Oracle Corp’s Java software, amplifying security experts’ prior warnings to hundreds of millions of consumers and businesses that use...Full story
Commodity markets were buoyed the previous week by upbeat Chinese economic data and the weak dollar, but trimmed gains heading into the weekend as many traders took the opportunity to cash in their gains.Full story
Financial markets took a breather last week after enduring weeks of intense haggling throughout the debate on the fiscal cliff.
The major indices closed the week out higher, but only modestly so, as investors...Full story
Prime Bank Ltd. was created and commencement of business started on 17th April 1995. In the backdrop of economic liberalization and financial sector reforms, a group of highly successful local entrepreneurs...Full story
French President Francois Hollande led a chorus of approval after unions and employers reached a deal on reforms to the country’s complex labour laws after more than three months of talks. The measures are designed to give more flexibility...Full story
The White House would be taking a risk if it tries to make a constitutional end-run around Congress’ authority to raise the debt ceiling, legal experts said. The ‘public debt’ clause of the 14th Amendment...Full story
While much of the tech world is struggling with the switch to mobile devices, eBay Inc and its PayPal online payments division likely had a strong holiday season as more consumers used eBay’s apps and PayPal’s mobile payment service to shop.Full story
Walmart announced Friday it is replacing the head of its Latin America unit as the company faces probes for alleged bribery in its Mexico operations. Walmart said Eduardo Solorzano, who had overseen a rapid...Full story