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September 21, 2021 - M A Quader, DMD of DBL Group poses for photo session with the participants of the DBL Ceramics Business Conference 2021 at a resort in Gazipur recently. Md. Bayazed Bashar, General Manager, M Abu Hasib Ron, Head of Sales and other top officials of DBL Ceramics were present.
September 21, 2021 - Sheikh Rakibul Karim, acting CEO of Guardian Life Insurance Limited (GLIL) and Mahmud Hasan, Head of Human Resources of Wings Group, exchanging document after signing an agreement on behalf of their companies recently. Under the deal, Wings Group employees and dependent family members would be covered for life and obtain medical benefits. Senior officials from both sides were present.
September 21, 2021 - Mehedi joins Beximco LPG as CMO
September 20, 2021 - Tarique Afzal, President & Managing Director of AB Bank Limited along with Professor Dr. Hosne-Ara Begum, Executive Director of TMSS recently distributing food and relief materials among 1500 distressed families at Bogura who were hard hit during Covid pandemic. Senior Officials from both the organizations were present.
September 20, 2021 - Md. Jasim Uddin Khan, President of Shonge Achi Foundation, presiding over its 1st board meeting at its head office in the capital recently. General Secretary and other directors of the organization were present.
September 20, 2021 - A B M Amin Ullah Nuri, Chairman of Rajdhani Unnayan Kartripakkha (RAJUK) and Engineer Md. Sahadat Hossain Shiblu, General Secretary of IEB, exchanging document after signing a MoU on “Electronic Construction Permitting System (ECPS)” on behalf of their respective organization at a city hotel on Sunday. State Minister for Housing & Public Works Sharif Ahmed M.P and Secretary of the ministry Md. Shahid Ullah Khandaker, were present.
September 20, 2021 - Dr. Md. Mofizur Rahman, Managing Director of SME Foundation and Md. Tajul Islam, Managing Director & CEO (CC) of Social Islami Bank Limited (SIBL), exchanging document after signing an agreement to disburse SME investment under the second phase of incentive package at SME Foundation head office in the capital recently.
September 18, 2021 - ‘Educational institutions cannot charge assignment fees’
September 18, 2021 - Nature and childhood in Tagore’s selected short stories
September 18, 2021 - BBS to reveal quarterly GDP growth stats
September 18, 2021 - Lanka Bangla Caption: Khurshed Alam, Senior Executive Vice President and Head of Retail Business of LankaBangla Finance Limited and Rahad Hossain, Country Manager of Infobip, Bangladesh, exchanging documents after signing an agreement in a city hotel on Thursday.
September 18, 2021 - Ad-Din Hospital for poor patients’ kidney treatment
September 18, 2021 - Country’s first female Medical physicist Dr. Fatima joined Gono Bishwabidyalay
September 15, 2021 - Anwar group gets new chairman
September 15, 2021 - Mohammed Monirul Moula, Managing Director and CEO of Islami Bank Bangladesh Limited, receiving letter of recognition of highest taxpayers in banking sector for 2020-21 fiscal year from Fazle Kabir, Governor of Bangladesh Bank at in a city hotel in the capital on Tuesday.
September 14, 2021 - Sheikh Hasina & Sheikh Rehana are last hopes of the nation: Murad
September 14, 2021 - PM for making education programmes time-befitting
September 14, 2021 - bKash launches integrated transaction service with Community Bank
September 14, 2021 - Mohammed Shawkat Jamil, Managing Director of United Commercial Bank PLC (UCB), inaugurating its 205th branch of United Commercial Bank PLC at Rangamati sadar on Sunday as chief guest. Rangamati Pouroshova Mayor Akbar Hussain Chowdhury, Arif Quadri, AMD, N Mustafa Tarek, Mohammed Habibur Rahman, DMDs, ATM Tahmiduzzaman, Company Secretary and other officials of the bank were present.
September 14, 2021 - ABM Mokammel Hoque Chowdhury, Managing Director of Union Bank Limited, recently inaugurates the bank’s new branch at Habiganj Sadar through virtually. Md. Habibur Rahman, AMD, Hasan Iqbal, Md. Nazrul Islam, DMDs and other senior officials of the bank were present.
September 14, 2021 - Mohammad Shamim Murshed, Head of Retail Banking Division of Premier Bank Limited and Khurrum Siddique, Managing Director of Simco Holdings Limited, exchanging document after signing an agreement on behalf of their respective organizations. Under the deal, both the company will promote Premier Home Loan to sell apartments among individual customers. M. Reazul Karim, Managing Director & CEO the Premier Bank Limited and Mozaffor Uddin Siddique, Chairman of Simco Holdings Limited were present.
September 14, 2021 - Sydul H Khandaker, Managing Director and CEO of upay and Shihab Ahmad, Chief Commercial Oficer of Robi Axiata Limited, exchanging document after signing an agreement on behalf of their respective organisations at a city hotel on Monday.Top officials from both sides were present.
September 14, 2021 - Md Monwarul Islam, Director General of Bangladesh Accreditation Board (BAB), poses for photo session at certificate handed over ceremony to officials of Summit Power Limited, the first IPP in Bangladesh to receive testing and calibration accreditations for its in-house labs.
September 14, 2021 - JaPa MP Prof Masuda Rashid Chy dies
September 12, 2021 - KSRM donates 6 Bipep machines to Ctg General Hospital
September 12, 2021 - EBL concludes first SOFR-based deal with Wells Fargo
September 12, 2021 - Hasan Mahmud Raja of United Group Limited and Zillul Karim of Credence Housing Limited, exchanging document after signing an agreement to develop two multi-storied buildings at Mohammadpur in the capital. Top officials from both sides were present.
September 11, 2021 - Women empowerment is of the essence to achieve Vision-2021, 2041
September 11, 2021 - Abul Kashem Md. Shirin, Managing Director & CEO of Dutch-Bangla Bank Limited (DBBL) and Md. Forkan Hossain, General Manager (Accounts & Budget) of Bangladesh Bank (BB), exchanging document after signing an agreement for collection of Govt. Revenue/Taxes through Automated Challan System (ACS) at BB head office in the capital on Monday. Mr. Ahmed Jamal, Deputy Governor of BB and other senior officials from both sides were present.
September 11, 2021 - Kashem elected Southeast Bank’s EC Chairman

FBCCI unhappy about advance income tax hike

DHAAKA:The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) has expressed dissatisfaction over the increase in advance income tax (AIT) from 5% to 20% in the proposed budget for the forthcoming 2021-2022 fiscal year.
The country’s apex trade body fears this hike in the AIT may bring businesses to a standstill.
As business operating expenditures increase due to the AIT, the FBCCI had earlier placed a proposal to remove the existing advance tax in the interest of the business community.
In a post-budget press conference on Saturday, the organisation, however, expressed contentment over the budget proposals in general, except for a few like the AIT hike, and extended thanks to the government for formulating a business-and investment-friendly budget.
In the proposed budget, the rate of business turnover tax for individual taxpayers has been reduced from 0.50% to 0.25%. The FBCCI urged the government to make the rate effective for all businesses. Besides, advance tax (AT) on imports has been reduced from 4% to 3%, even though the FBCCI had earlier recommended that the tax be withdrawn fully. The federation thinks advance taxes are scaling up business operating expenditures.
Noting that the tax waiver privilege on software and IT facility sales is revoked in the new budget, the FBCCI said the decision should be reviewed to make the IT sector flourish.
Additionally, all e-commerce services should be kept out of the source tax net for at least one year so that the small entrepreneurs are encouraged.
The federation also asked for withdrawal of the 15% tax imposed on private universities, medical colleges, dental colleges and engineering colleges, citing that the education system has already been affected to a great extent by the Covid-19 pandemic.
Apart from that, the apex organisation of businessmen urged the government to facilitate import of river dredging machineries with a tax of 1% in an effort to increase navigability in the rivers and expedite implementation of the Delta Plan.
The federation applauded some initiatives proposed in the budget, which include focus on skills development, tax cut facility for companies with 10% of employees from the third gender community, and others.
The proposed budget has a deficit of around Tk2.14 lakh crore, which is 6.2% of the GDP. Of the total amount, the government will arrange Tk1.13 lakh crore from internal sources – Tk76,000 crore from the bank system and Tk32,000 crore from savings certificates.
But, the FBCCI urged the government to meet the budget deficit from foreign sources and special local bonds, instead of taking out loans from local banks.
The federation appreciated the government moves taken to attract more investments and protect local industries.
In the new budget, the social safety net has been expanded to deal with increasing unemployment and income cut due to Covid-19 pandemic, in addition to gearing up other ongoing safety measures. The federation appreciated these decisions and expressed hope that these will contribute a lot to the economic recovery.
The long-standing challenges for budget implementation are good governance, proper monitoring, increasing investments and production, and fulfilling the revenue collection target by ensuring a business-friendly revenue system.
The FBCCI said administrative and executive skills, transparency, accountability and upgrading monitoring quality are crucial to overcome the challenges.

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