Muhith sets high GDP growth target of 7.2pc
The finance minister, AMA Muhith, projected an ambitious 7.2 per cent growth of the country’s gross domestic products in the proposed budget for the FY2012-13 although the government’s target to achieve... Full storyTax hike proposed on exports
Mobile phone calls, car registration to get costlier
Finance minister AMA Muhith on Thursday proposed to impose 2 per cent tax on both the post-paid and pre-paid mobile phone uses and increase the tax on private vehicle registration. Full storyMore stimulus for stock market proposed
The finance minister, Abul Maal Abdul Muhith, on Thursday proposed to cut income tax for the merchant banks to 37.5 per cent from existing 42.5 per cent in the proposed budget for the next financial year. Full storyPrivate EPZs to get tax holiday
The finance minister, AMA Muhith, on Thursday proposed to extend to the private export processing zones the same tax holiday facilities the government EPZs enjoy. ‘One of the objectives of the present... Full storyTk 100cr allocation proposed for women entrepreneurs
The finance minister, AMA Muhith, on Thursday proposed to allocate Tk 100 crore for women entrepreneurs in the proposed budget for the next fiscal year. The minister proposed the allocation after the Bangladesh... Full storyUN says global growth to slow in 2012
Global economic growth and trade will slow this year and the euro crisis is a major threat to even maintaining the sluggish performance, the United Nations warned Thursday. Full storyIndia grains stocks at record high, exposed to rot
India’s wheat inventory at government warehouses surged to a record 50.2 million tonnes on June 1, exposing more stocks to rot as unattractive global prices have hobbled government efforts to export... Full storyEuro steady after ECB meeting
The euro was steady in Asian trade Thursday after a rise in New York driven by the European Central Bank’s move to keep cash flowing to eurozone lenders. The single currency bought $1.2560 in Tokyo... Full storyNasdaq sets aside $40m for Facebook compensation
Nasdaq said Wednesday it was setting aside $40 million to cover brokers’ trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market on May 18. Full storyMarket Disclosures
Kamrun Nahar, one of the sponsors of the company, has expressed her intention to sell 10,00,000 shares out of her total holding of 29,03,693 shares of the company at prevailing market price through the stock... Full storyOil rises in Asian trade on stimulus hopes
Crude prices rose in Asian trade Thursday amid speculation of further monetary easing in the US and as France pledged speedy eurozone response should Spain require its aid. Full storyMinimum income tax raised to Tk 3,000
Finance minister Abul Maal Abdul Muhith proposed to increase the minimum tax payable by an individual taxpayer to Tk 3,000 in fiscal year 2012-2013 from the existing Tk 2,000. Full storyTk 1,737cr proposed for post and telecommunications sector
An allocation of Tk 1,737 crore in the post and telecommunications has been earmarked in the budget for 2012-13. Of the total amount, Tk 1,317 crore will be spent under the annual development programme... Full storyTk 950cr proposed for fisheries sector
The government on Thursday proposed about Tk 950 crore for fisheries and livestock sector in the 2012-13 fiscal. The budget proposal is over Tk 19 crore more than that of the outgoing fiscal year. Full storyICT people demand withdrawal of 15pc VAT on internet use
