Tax holiday to boost local manufacturing of automobiles The 20-year tax-exemption support announced in the proposed budget will definitely take Bangladesh’s growing automobile industry to an impressive stage and promote local manufacturing, according to industry insiders. Credible data is hard to come by but the sector players assume that annual
Read MoreDSE daily turnover hits 10.5 yrs high The daily trade turnover on Dhaka Stock Exchange (DSE) climbed to 10 and a half years high on Sunday since the country’s stock market developed bubbles that soon burst. Turnover, a crucial indicator of the market, jumped to Tk 26.69 billion on the
Read MoreContinue 0.5pc source tax for 5yrs Garment exporters yesterday demanded the continuation of the existing 0.5 per cent source tax for the next five years. Apparel makers usually demand for source tax to be reduced to 0.25 per cent both before and after the budget is announced every year.But this
Read MoreBank borrowing target set at Tk 760b for FY’22 The government is likely to set its borrowing target from the banking system at over Tk 760 billion to finance the budget deficit in the next fiscal year (FY). The bank borrowing for the FY2021-22 would be 7.0-plus per cent less
Read MoreRemittance hits 10-month high Remittance inflows hit a record high of $2.17 billion in May, which was the highest since August this fiscal year, thanks to the hard-earned money sent by migrant workers amid the second wave of the Covid-19 pandemic. Migrants sent 44 per cent higher remittance in May
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