Bangladesh unveils about 55.31 bln USD national budget

DHAKA, June 8 (NsNewsWire ) — The Bangladeshi government has unveiled a record 4.65 trillion-taka (about 55.31 billion U.S. dollars) national budget for the 2018-19 fiscal year starting in July, reports Xinhua The government announced massive spending for rural areas and projected economic growth of 7.8 percent in the annual budget. Finance Minister AMA Muhith […]

Read More

To inject more private investment, government should reconsider corporate tax cut in all categories: DCCI president

DHAKA, June 8 (NsNewsWire) — President of Dhaka Chamber of Commerce & Industry (DCCI)AbulKasem Khan in his initial reaction on National Budget 2018-19 proposed the government to reconsider slashing corporate tax in all categories at least 2.5%. In the proposed budget, government only reduces 2.5% corporate tax on publicly and non-publicly traded banks, Insurance and NBFIs. […]

Read More

Mobile Network Operators express dissatisfaction at budget proposal

DHAKA, June 8 (NsNewsWire) — Mobile Network Operators or  MNOs have expressed their dissatisfaction as there has been no favorable changes for the sector in the proposed budget. Being one of the highest contributors to the economy of the country, the industry had urged the government to reconsider some recommendations as below: • Removal of […]

Read More

Axiata Chief spends busy day in Dhaka

DHAKA, June 7 (NsNewsWire) — Managing Director/President and Group Chief Executive Officer of Axiata Group Berhad, Tan Sri Jamaludin Ibrahim, has wrapped up a daylong visit to Bangladesh with a pact schedule. During his visit, Tan Sri Jamal presided over review meetings to assess Robi’s business operation. He also attended an iftar gathering organized by […]

Read More

Indian High Commission hosts iftar for eminent citizens

DHAKA, June 7 (NsNewsWire) — The High Commissioner hosted an Iftar and dinner on 6 June 2018. It was attended by Hon’ble Speaker of Jatiya Sangsad, Hon’ble Ministers, Advisers, Leader of Opposition, representatives of political parties, Ambassadors, business leaders, eminent persons, editors/media. The High Commissioner exchanged greetings on the occasion of the holy month of […]

Read More

Church fights to reclaim land ‘grabbed’ by Bangladesh monk

Church officials in Bangladesh are stepping up legal action to reclaim land allegedly grabbed by an influential Buddhist monk in the Chittagong Hill Tracts (CHT) four years ago. In 2014, Prakash Ucha Hla, a Bhante (Buddhist priest), forcefully annexed 5.57 acres of land of St. Paul’s Church in Roangchaari, a mission center under Queen of Fatima Catholic Church […]

Read More

Bangladesh prepares for second satellite launch: PM

DHAKA, June 7 (NsNewsWire) — The Bangladeshi government has been preparing for launching the country’s second satellite following the successful placement of the first one last month, reports Xinhua. Prime Minister Sheikh Hasina made the announcement during a question-answer session at the parliament on Wednesday. She said preparations are underway for the country’s second communication […]

Read More

Without a trace: Enforced disappearances in Bangladesh

A month before the scheduled execution of Mir Quasim Ali, a member of the opposition Jamaat-e-Islami party in Bangladesh, his son and lawyer Mir Ahmad bin Quasim was preparing to appeal the death sentence in the Supreme Court, reports aljazeera. On August 9, 2016, his wife and younger sister, who were with him at the time, […]

Read More