The government Thursday proposed to slap capital gains tax on companies, sponsors and directors doing stock trading in the country's two bourses. Finance Minister AMA Muhith spared millions of individual investors from the tax hook, but he slapped a whopping ten per cent tax at concessionary rate on companies trading shares in the country's two bourses. He also imposed five per cent tax on income of sponsor shareholders or directors of companies engaged in trading in the Dhaka and Chittagong stock

Finance minister AMA Muhith has proposed a 61.5 per cent increase in spending in energy sector in an effort to confront head-on the twin power and gas crises. Muhith said the government would spend Tk. 61.15 billion in new power

Raw jute and jute goods exports have exceeded the target in the July-April period of the...

The Dhaka Bank Ltd and Eastern Bank Ltd with telecom partner Banglalink Tuesday introduced the country's first mobile-based remittance service, aiming to provide easy remittance service to all mobile subscribers at any part of the country. The service is working through a 'Bank-led' model whereby the banks will offer mobile wallet accounts to the mass through Banglalink and will ensure the business processes are in line with the financial regulations...