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  • A file photo shows two people calculate income tax through self assessment system at a tax fair in Dhaka. — New Age photo

  • An internet photo shows the world’s last operating DC-10-30 aircraft that Biman Bangladesh Airlines owns.

  • Showkat Hossain

  • A file photo shows the logo of HSBC on a building in Hong Kong. — Reuters photo

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Audits find Tk 3,024cr dodged in 2 yrs, NBR collects Tk 150cr

A file photo shows two people calculate income tax through self assessment system at a tax fair in Dhaka. — New Age photo
The National Board of Revenue till November last year collected Tk 150 crore out of the Tk 3,024 crore in income taxes which were dodged by taxpayers in 2010-11 and 2011-12 fiscal years and later detected by the revenue board through field audits.NBR officials said... Full story

Local makers get import duty waiver on raw materials

The National Board of Revenue has exempted country’s optical fibre cable manufacturers from paying duties on import of four types of raw materials required for the industry in a bid to protect local producers from competition with importers of the finished... Full story

Telecoms ministry to finalise rules for Tk 330cr fund

The posts and telecommunications ministry is likely to finalise the Social Obligation Fund Regulation to ensure the effective use of Tk 330 crore fund contributed by mobile phone operators. The Bangladesh Telecommunication Regulatory... Full story

Last of the DC-10s not to end days in US museum

An internet photo shows the world’s last operating DC-10-30 aircraft that Biman Bangladesh Airlines owns.
The world’s last operating DC-10-30 aircraft that Biman Bangladesh Airlines owns will now not end its days in a Seattle museum in the United States for shortage of space, officials said. Instead, the authorities have invited proposals to buy the last... Full story

EU hopes to ink FTA with India soon

The European Union on Friday said it was confident of inking the long-pending free trade pact with India later this year as talks on most issues are ‘closed’ except duty-related matters including on wine and automobiles. Full story

US stocks rise modestly in mixed earnings week

US stocks finished the week modestly higher following a mixed batch of corporate earnings reports, avoiding a major retreat that had been feared early in the period. The Dow Jones Industrial Average edged 21.51 (0.13 per... Full story

Olympic Industries Limited

Olympic Industries Limited, one of the longest running and most reputed manufacturing-based companies in Bangladesh, with a heritage of over 50 years and group profile including interests in pharmaceuticals, power... Full story

‘Auditors should not be blamed for low-standard reports’

Showkat Hossain
Showkat Hossain, president of the Institute of Chartered Accountants of Bangladesh, in a recent interview with New Age, has said the quality or standard of an audited financial statement does not only depend on the auditors. Interviewed by Ahmed Shawki. Full story

Stocks gain for 3rd week as optimism returns

Dhaka stocks advanced last week, third week in a row, pushing the bourse’s key index to a fresh high since its inception as investors became active amid easing of political tensions. Market operators said turnover at the Dhaka Stock... Full story

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HSBC, Citi suspend traders as FX probe deepens

A file photo shows the logo of HSBC on a building in Hong Kong. — Reuters photo
HSBC and Citigroup both suspended foreign exchange traders on Friday as a global probe into possible currency market manipulation intensified. Regulators from the United States arrived in London this week, stepping up an investigation in which... Full story

US industry shows muscle in late 2013

US industrial output rose at its fastest clip in 3-1/2 years in the fourth quarter as factory activity closed out the year on a strong note, a sign of the economy’s brightening prospects. Manufacturing production rose a stronger-than-expected... Full story

India, Pakistan agree to boost trade

Seeking to boost bilateral trade, India and Pakistan on Saturday decided to have a non-discriminatory market access programme, keep Wagha-Attari border open 24 hours throughout the year and facilitate the opening of bank branches... Full story


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