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April 3, 2023 - ABM Mokammel Hoque Chowdhury, Managing Director & CEO of Union Bank Limited, celebrates its successfully stepping into 11th years by cutting ribbon at its head office in the capital recently. Senior officials of the bank were present.
April 3, 2023 - PM for finding overseas employment in new countries
March 26, 2023 - Banglalink, a2i team up to ‘accelerate’ Smart Bangladesh Vision
March 26, 2023 - Bangabandhu conferred ‘FOSWAL Literature Award’ for his trilogy
March 26, 2023 - Shimanto Bank signs MoU with Kay Kraft to offer discounts on credit card purchases
March 26, 2023 - Nuruddin Md. Sadeque Hussain, Managing Director (CC)of Southeast Bank Limited, inaugurates the operation of its 8 Agent Banking outlets virtually at the banks head office on Thursday. Senior officials of the bank were present.
March 26, 2023 - Recognise 25th March as International Genocide Day: PM to world
March 26, 2023 - Nation celebrating Independence Day
March 26, 2023 - PM greets countrymen, vows to build Smart Bangladesh on Independence Day
March 26, 2023 - President, PM pay homage to Liberation War martyrs
March 26, 2023 - Nation observes one-minute blackout
March 26, 2023 - Int’l pressure on Pakistan for acknowledgement of 1971 genocide: Justice Shahkar
March 11, 2023 - Bubly, Roshan pair up in rom-com
March 11, 2023 - Ziaul Hasan Siddiqui, Chairman of Board of Directors of Sonali Bank Limited, inaugurates the 18 Model branches at the bank’s head office on Monday. Md. Afzal Karim, CEO and Managing Director and other senior executives of the bank were present.
March 11, 2023 - Bank Asia Limited has celebrated the Financial Literacy Day for the first time by arranging different types of activities aiming to build awareness and knowledge on financial matters and services of customers.Md. Sazzad Hossain, DMD, along with other senior officials of the bank inaugurates the program at its head office in the capital on Monday.
March 11, 2023 - Naser Ezaz Bijoy, CEO of Standard Charted Bangladesh, hands over a donation cheque of Tk. 16cr for char-based communities receive much needed farm-to-market support to increase agricultural output, rise above poverty, produce efficiently, and build resilience. Runa Khan, Founder and Executive Director, Friendship (NGO) and other executives from both sides were present.
December 28, 2022 - Lub-rref (BD) approve 10pc cash dividend: Lub-rref (Bangladesh) Limited has been approve 10 percent cash dividend for all shareholders. The declaration came out through its 20th Annual General Meeting (AGM) was held through virtually on Tuesday. Mohammad Yousuf, Managing Director, Salauddin Yousuf, Dr. Israt Jahan, Directors, Prof. Mohammad Moniruzzaman, Wahid Uddin Chowdhury, Independent Director, Md. Moshihoor Rahman, Company Secretary, Helal Uddin,Chief Financial Officer and Mofizur Rahman, Head of Corporate Finance of the company also attends the meeting.
December 28, 2022 - Muhammad Nurul Hoq, Head of Sylhet Zone of Islami Bank Bangladesh Limited and Md. Shahidul Islam, General Manager (Company Secretary) of Jalalabad Gas Transmission and Distribution System Limited (JGTDSL) signed an agreement (MoU), exchange document after signing a MoU at JGTDSL recently. Under the deal, consumers of JGTDSL will be able to pay gas bill on counter at any branch, sub branch of the bank or by using banks app based product Cellfin or iBanking. Top officials from both sides were present.
December 23, 2022 - Romana Rouf Chowdhury, Director of Bank Asia Limited, inaugurates its 131st branch at Rampura in the capital on Tuesday. Adil Chowdhury, President & Managing Director, Md. Sazzad Hossain, SM Iqbal Hossain, Alamgir Hossain, DMDs of the bank and local dignitaries were present.
December 23, 2022 - Banglalink launches eSIM
December 23, 2022 - Alamgir Shamsul Alamin (Kajal), President of Real Estate & Housing Association of Bangladesh (REHAB), inaugurates the stall of Padma Bank Limited at Bangabandhu International Conference Center (BICC) in the capital on Wednesday. M Ahsan Ullah Khan, SEVP and other senior officials of the bank were present.
November 10, 2022 - Sharfuddin Iqbal, Chief Commercial Officer (CCO) of Swish Global, inaugurates its first shower enclosure with smart door technology at a function held at Bangabandhu International Conference Centre (BICC) on Tuesday. Other senior officials of the company were present.
November 10, 2022 - Coca-Cola (BD) gets new MD
November 10, 2022 - Zabed Amin, DMD of Padma Bank Limited and Md. Rafiqul Islam, CEO of Rico International, exchange documents after sign an agreement at the consultancy office in the capital on Tuesday. Under the deal, Rico International students shall be served with priority services ranging from account opening to remittance and beyond at the bank’s specialized Student Care Centers and branches through dedicated relationship managers. Top officials from both sides were present.
November 10, 2022 - Kali Cheron, Chief Financial Officer of Rangs Electronics Limited (REL) andFarzana Sharmeen, Head of IPDC Finance Limited, exchange documents after signing an agreement at IPDC’s corporate head office in the capital recently. Under the deal, consumers across the country will have the facility to purchase electronics products with installments facility of up to 12 months under IPDC Easy. Top officials from both sides were present.
October 29, 2022 - Shahriyar made CEO of PICL
October 29, 2022 - Dr. H.B.M. Iqbal, Chairman of Premier Bank Limited, celebrates the bank’s 23th founding anniversary programme by cutting a cake at its head office in the capital on Wednesday. M Reazul Karim, Managing Director & CEO, BH Haroon, MP, M Imran Iqbal, Jamal G Ahmed, Nahyan Haroon, Directors, Kaiser A. Chowdhury, Naba Gopal Banik, Independent Directors and Muhammed Ali, Advisor of the bank were present.
October 29, 2022 - AB Bank Limited signed an agreement with Jamuna Electronics and Automobiles Limited under which AB Bank cardholders will enjoy EMI facilities @0% up to 36 months. Syed Mizanur Rahman, DMD of AB Bank Limited and Md. Sazzadul Islam, Head of Business, Jamuna Electronics and Automobiles Limited signed the agreement on behalf of their respective organisations. Senior officials of both the organisations were also present at the ceremony.
September 29, 2022 - Sheikh Hasina is now world leader: Hasan
September 29, 2022 - PM’s 76th birthday celebrated amid festivity, enthusiasm
DCCI places 40-point budget proposal

DCCI places 40-point budget proposal

Deep tax cutbacks and raising income-tax ceiling for individual taxpayers from Tk 300,000 to Tk 400,000 considering high inflation and cost of living top budget proposals Dhaka Chamber of Commerce and Industry (DCCI) placed Wednesday.

The influential business body, in its proposal, urges the revenue authority to take a long-term strategic plan to increase the number of taxpayers up to at least 8 million in a decade for horizontal expansion of taxation base instead of increasing tax load on existing taxpayers.

DCCI also underscores the importance of full automation for building up an efficient taxation system in the country to catch up with the digital dispensation in all walks of life in the new era.

“About 27 lakh (2.7 million) tax payers regularly submit their returns on average every year, which is very nominal for an economy like Bangladesh,” DCCI President Rizwan Rahman said while placing Wednesday the chamber’s budget proposals for the fiscal year 2022-23.

He said that the National Board of Revenue (NBR) should take a long-term strategic plan to increase the number of taxpayers up to 8 million at the minimum in next 10 years’ time.

DCCI placed a set of total 40 recommendations for the upcoming national budget of FY2022-23 to the NBR chairman, Abu Hena Md. Rahmatul Muneem, at a pre-budget discussion meeting held at the NBR headquarters.

In order to become competitive in the region, the DCCI president proposed drastic cuts in corporate tax to a consolidated rate of 2.5 per cent for both listed and non-listed companies from the current 22.5 per cent for listed companies and 30 per cent for non-listed ones.

The chamber proposes halving the tax on income of corporate dividends from the existing 20 per cent to 10 per cent.

“The cutbacks will encourage the local investors to reinvest as well as boost efficiency in the stock market,” the DCCI president says.

Currently, businesses that have an annual turnover of Tk 30 million are exempt from VAT (value-added tax) payment. But the trade body recommends increasing this turnover limit to Tk 40 million in the next budget and also requests imposing turnover tax based on product’s value addition or profit margin.

It calls for minimizing lengthy process of getting bond licence for leather goods and footwear industry.

Moreover, the chamber of mostly industrial owners suggests giving bond-renewal facility for at least 3 years to these sectors as in the case of RMG sector.

It also demands tax exemption on locally produced machinery and components for electric vehicle- charging stations in order to promote sustainable and environment-friendly automobile industry within the country.

Lastly, the DCCI president, Rizwan Rahman, in his speech stressed easy and business-friendly taxation system, expanding tax and VAT net, full automation of tax management, product diversification, encouraging local industrialization and an investment-friendly environment aiming to attain the goal of economic development.

Chairman of the NBR Mr Muneem said that trade organizations can arrange knowledge-sharing activities to make their members aware of various policies that the NBR takes relating to revenue and duty structure.

He also notes that before Bangladesh’s LDC graduation, the country’s private sector has to enhance their capacity because after graduation many facilities that they are enjoying now will not be available then.

“To create a business-friendly environment in the country the NBR is relentlessly working and the NBR is simultaneously trying to increase the tax net,” he told his business audience.

He mentions that in the last two years the government has been more flexible in terms of tax rate to boost GDP and employment generation and this year the budget will be made considering macro-policy perspective.

Meanwhile, Bangladesh Chamber of Industry (BCI), in its budget proposal, calls for removing turnover tax for loss-incurring businesses.

Placing its proposals, BCI President Anwar-ul Alam Chowdhury Parvez suggested lifting the limit in section 30 on income tax

He urges the NBR to introduce miscellaneous head to show miscellaneous expenditure in the tax return.

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