Source tax and the plight of small investors

A mammoth source of income for the National Board of Revenue is now source tax on savings instruments. In the last fiscal year, the government has earned around Tk 3,000 crore from taxing savings...

10h ago| Business

Stocks continue last week's falling trend

The Dhaka bourse continued previous week's falling trend and dropped today also.

23h ago| Economy

Profit growth signals strong economic rebound

Listed companies across almost all sectors saw their profits rise 8.6 per cent on average in the first quarter of the ongoing fiscal year, indicating that Bangladesh is making a strong economic...

23h ago| Banks

NBFIs seek deferral of BB rules seeking to restore discipline

Non-bank financial institutions have demanded postponement of the application of a Bangladesh Bank guideline that is seeking to restore credit discipline in the fragile sector.

23h ago| Global Economy

New Covid scare sparks rate rethink in markets

Risks of a new Covid hit to economic activity are clobbering expectations for rate hikes next year from the world’s major central banks, a potential setback for the dollar and other currencies...

23h ago| Global Economy

UK sets out plans to boost global digital trade

Improving digital trade would provide huge opportunities for British businesses and help boost economic growth, the government’s Board of Trade said, setting out how it aims to become a world...

23h ago| Indian

India tells public to shun Musk-backed Starlink

The Indian government advised people against subscribing to Starlink Internet Services, a division of billionaire Elon Musk’s SpaceX aerospace company, as it does not have a licence to operate in...

StanChart arranges country’s first-ever green bond

Standard Chartered Bangladesh has arranged the first-ever green bond in Bangladesh as it mobilised Tk 150 crore for Pran Agro Ltd, a concern of Pran-RFL Group. 

Xiaomi to open car plant in Beijing

Chinese smartphone giant Xiaomi Corp will build a plant that can produce 300,000 vehicles annually in Beijing for its electric vehicle unit, authorities in the capital said on Saturday.

Bank Asia celebrates 22nd anniversary

Bank Asia Ltd yesterday celebrated its 22nd anniversary at Bank Asia Tower in Dhaka in honour of benefactors and well-wishers.