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Cigarettes will be costlier as the finance minister AHM Mustafa Kamal proposed to increase supplementary duty on tobacco consumption. The Finance minister said the measure was taken "to reduce the consumption of tobacco products and maximise revenue collection from this sector." The minister proposed: "Price per 10-sticks...

Bangladesh Securities and Exchange Commission (BSEC) has requested the government to reduce corporate tax rate by 5 percentage points for non-financial companies which will collect at least half of their long-term capital through issuing corporate bonds. If the tax is reduced, it will attract more investment in...

As Kenya works to embrace genetically-modified (GM) crops, agriculture experts and lobby groups are urging the government to explore and adopt alternative food production systems and organic farming instead. The country is expected to take a decision in the next few months on whether to lift a...

পতনের বৃত্তে আটকে রয়েছে দেশের শেয়ারবাজার। সপ্তাহের দ্বিতীয় কার্যদিবস সোমবার (১৫ জুন) দেশের প্রধান শেয়ারবাজার ঢাকা স্টক এক্সচেঞ্জে (ডিএসই) মাত্র ৭টি প্রতিষ্ঠানের শেয়ারের দাম বেড়েছে। নাম মাত্র এ কয়েকটি প্রতিষ্ঠানের দাম বাড়ায় পতন হয়েছে মূল্য সূচকের। এর মাধ্যমে চলতি সপ্তাহের দুই কার্যদিবসেই মূল্য সূচকের দরপতন হলো। সূচকের...

Finance Minister AHM Mustafa Kamal, in his budget speech at the parliament today, proposed to withdraw the 15 percent VAT on the import of gold bar. He made the proposal to discourage illegal import of gold and encourage import of gold on legal routes through authorised dealers. ...

The government has proposed a budget of Tk66,401 crore for the education sector in the next fiscal year, up from a budget of Tk61,114 crore in the fiscal year 2019-20. In his budget proposals placed in parliament today, Finance Minister AHM Mustafa Kamal set...

Every year, just before the budget is announced, car imports through the country's main seaports Chattogram and Mongla increase all of a sudden. This year too is not an exception. On Tuesday, only two days before the budget was announced, 270 vehicles arrived at the two ports...

Finance Minister A H M Mustafa Kamal, in his budget speech at the parliament today, proposed to increase the supplementary duty from 10 percent to 15 percent on the services provided through mobile phone SIM/RIM card.  The call rate, SMS charge and price of...

Finance Minister AHM Mustafa Kamal proposed to allocate Tk 10,000 crore to fulfil the emergency requirements to combat the Covid-19 pandemic. "We have taken all-out measures to improve the health sector. To combat the Covid-19 pandemic, we are implementing different programmes worth Tk 5,500 crore under the...

China's central bank has given the final nod to a network clearing license for an American Express joint venture, allowing it to be the first foreign credit card company to launch onshore operations in China. The approval comes against a backdrop of high Sino-US tensions, with disagreements...