BBN file photo
Dhaka, Bangladesh (BBN) - The BBN (Bangladesh Business News) has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Bangladesh government plans two VAT rates in next budget
The government is planning to merge several value-added tax rates into at least two rates in the upcoming national budget for the fiscal year 2018-2019, finance ministry officials said. They said that finance minister Abul Maal Abdul Muhith already sought a list of VAT rates for different products and calculation of VAT collected from those sectors from National Board of Revenue.
Chinese co willing to build 2nd nuke power plant in BD
China's state-owned company -- Dongfang Electric Corporation (DEC) -- wants to build the proposed second nuclear power plant in Bangladesh. A top official of the corporation said recently that the Chinese company had shown interest to build the second nuclear power plant which the government of Bangladesh is planning to set up.
Interest rates rattle people
Kaniz Fatima Binte Alam, a doctor, took Tk 48.50 lakh home loan at 8.5 percent interest in October last year from a lender with expertise in financing homes. Within six months, Fatima was astonished to get the lender's notification that the interest rate has been revised to 12.5 percent, nearly 50 percent hike, effective from March this year.
ICB to waive Tk182cr in interest on 5,162 stock investors’ loans
The state-owned investment company Investment Corporation of Bangladesh (ICB) has initiated a move to waive Tk182 crore interest on margin loans that the entity provided to 5,162 investors affected by the 2010-11 market crash.
Bangladesh’s stocks plunge for fourth straight week
Bangladesh’s stocks suffered loss for fourth straight week that ended on Thursday as worried investors continued heavy sell-offs amid lack of confidence to the market. Insiders said the investors’ confidence remains low to the market as prevailing bearish market trend coupled with disappointing earnings results, taking toll on the market.
Licences getting hard to come by
About 200 applicants, who have set up factories to make wares for export, are kicking their heels in frustration because of the Customs Bond Commissio-nerate's (CBC) apathy in giving out bonded warehouse licence, a duty-free privilege extended to exporters.
Govt cuts AIT on imported LNG
The revenue board cut advance income tax on the import of liquefied natural gas (LNG) in order to keep its prices low on the local market. The National Board of Revenue (NBR) slashed the advance tax to 2.0 per cent from the existing 5.0 per cent in case of LNG import.
Bangladesh NBR relaxes import limit on RMG raw goods already shipped
National Board of Revenue has relaxed restriction on the import of raw materials, which have already been shipped, under free of cost scheme for readymade garment industry. Export-oriented RMG manufacturers have been allowed to release the excess raw materials, mainly fabrics, imported beyond the permissible limit under the FOC scheme.
BBN/SSR/AD