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  • A file photo shows taxpayers waiting in a queue to submit their returns at the income tax fair-2013 at the Officers’ Club in Dhaka. The number of income tax returns for the current fiscal year the NBR received by the deadline fell by one lakh compared with that of the previous fiscal year. — New Age photo

  • A file photo shows the entry of the Dhaka Stock Exchange building at Motijheel in Dhaka. The net foreign investment at the DSE rose by 145.13 per cent in the just-concluded year 2013 from that in the previous year. — New Age photo

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Income taxpayers drop by 1 lakh

A file photo shows taxpayers waiting in a queue to submit their returns at the income tax fair-2013 at the Officers’ Club in Dhaka. The number of income tax returns for the current fiscal year the NBR received by the deadline fell by one lakh compared with that of the previous fiscal year. — New Age photo
The number of income tax returns for the current fiscal year of 2013-14 that the National Board of Revenue received by the deadline of December 31 fell by 1 lakh or 10.5 per cent compared... Full story

Remittance inflow dips to $13.83b in 2013

The country’s remittance inflow decreased to $13.83 billion in the just-concluded year from $14.17 billion in 2012 against the backdrop of downward manpower exports during the period. According to... Full story

SCB’s loss-making branches rise to 235

The number of loss-making branches of the four state-owned commercial banks increased by 53 in the first nine months of 2013 due to surge in the defaulted loans at the banks and decreased credit demand from the private sector, Bangladesh Bank officials said. Full story

BB tightens rules for unrated SME loan

Bangladesh Bank on Wednesday asked scheduled banks to maintain 100 per cent risk-weighted asset for unrated SME loan amounting to Tk 30 lakh and above. To this end, the BB issued a circular to managing directors... Full story

Fin min tags new conditions for state-owned specialised banks

The ministry of finance has tagged some new conditions for four state-owned specialized banks for opening new branches. It wanted 80 per cent branches of Bangladesh Krishi Bank, Rajshahi Krishi... Full story

Banks to remain open on Friday, Saturday in 59 districts

All the branches of scheduled banks, excepting those are in five districts, will remain open on Friday and Saturday next. Bangladesh Bank in a circular on Wednesday directed all the scheduled banks... Full story

Latvia joins eurozone

Latvia joined the eurozone on Wednesday, banking on its experience of austerity to bring it prosperity in a currency union where other economies have floundered. The Baltic country of just 2 million people became... Full story

Trust Bank gets New DMD

Abu Zafar Hedaytul Islam has recently been promoted to deputy managing director of Trust Bank. Prior to his new assignment, he was senior executive vice-president of the bank, said a news release. Full story

Overseas investment at DSE rises by 145pc in 2013

A file photo shows the entry of the Dhaka Stock Exchange building at Motijheel in Dhaka. The net foreign investment at the DSE rose by 145.13 per cent in the just-concluded year 2013 from that in the previous year. — New Age photo
The net foreign investment at the Dhaka Stock Exchange rose by 145.13 per cent in the just-concluded year 2013 from that in the previous year as record fall in the stock prices on the bourse lured overseas investors. Full story

Stocks begin New Year upbeat on institutional buying

Dhaka stocks advanced on Wednesday, the first trading session of 2014, led by low capitalised scrips as institutional investors went for buying. The benchmark general index of Dhaka Stock Exchange, DSEX, increased to... Full story

World’s biggest fish market set for new home

As most of Tokyo sleeps, men in rubber boots haggle over tuna in the cavernous halls of Tsukiji market. The clang of a bell around 5:30am kicks off the action at the world’s biggest fish emporium. Traders... Full story

Weerasinghe new Robi CEO

Supun Weerasinghe, a Sri Lankan national, on Wednesday joined Robi Axiata Limited as the company’s new chief executive officer and managing director. Weerasinghe replaced outgoing Robi CEO Michael Kuehner, who retired from full time corporate life. Full story

BJMA elects new chairman

Muhammad Shams uz Zoha, director of Shams Group and of Supreme Jute and Knitex Ltd, has recently been elected chairman of the Bangladesh Jute Mills Association for the term 2014-2015. He was elected by the members... Full story

Rupee falls on 1st day of 2014

The Indian rupee ended lower on Wednesday, the first trading session of 2014, with traders focused on key macroeconomic data ahead of the central bank's rate meeting later this month. Volumes were thin as... Full story

Market Disclosures

Familytex (BD) Trading of the shares of the company will remain suspended on record date today for EGM. ICB mutual funds Investment Corporation of Bangladesh... Full story


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