The government has extended the closure of the border with India for another two weeks as the Covid-19 situation in bordering districts keeps worsening.  As per the new restrictions, the land border with India will remain closed till July 14.  The decision was taken in an

Malaysian casino operator Genting Group is taking a $4.3bn (£3bn) bet on Las Vegas as it opens a huge new resort in the US gambling capital today. Resorts World Las Vegas is the most expensive resort ever developed in Las Vegas. Las Vegas saw visitor numbers slump by more than

The ICCB Heritage Restaurant located at International Convention City Bashundhara (ICCB) in the capital has launched journey. Kaler Kantha Editor Imdadul Haq Milan inaugurated the restaurant by cutting ribbon at a function held at International Convention City Bashundhara (ICCB)

The government will address the concerns raised by the Liquefied Petroleum Gas (LPG) operators on tariff adjustments at the next hearing of the energy regulator.  “The concerns of LPG operators on retail tariff rates are likely to be settled in the upcoming public hearing of

City Bank and Junior Chamber International (JCI) Bangladesh have recently signed a special agreement, said a press release.  Under the agreement, City Bank and JCI will work together for ensuring women's empowerment through organizing various workshops, seminars and training

LPG Operators Association of Bangladesh (LOAB) has said the country's LPG industry is facing destruction due to Bangladesh Energy Regulatory Commission's (BERC) one-sided price order. The association made the statement on Tuesday (June 15) at a press conference in the

The dual rules regulating the bitumen sector are taking a heavy toll of tax on the local producers and granting tax waiver and other privileges to the importers --- creating an uneven competition in the market. Damage of the roads and highways due to the use of substandard imported

Bashundhara LP Gas Ltd will supply liquefied petroleum gas (LPG) to the autogas stations of state-owned Jamuna Oil Company Ltd apart from setting up pumps at the establishments. Both the companies signed an agreement to this end at a meeting held at the Jamuna Bhaban in the capital on

LankaBangla Finance Limited, one of the leading NBFIs in Bangladesh, has received a loan of USD15 million from BlueOrchard Microfinance Fund managed by a Switzerland based impact fund manager BlueOrchard Finance Limited.  This is the second cross border debt transaction for

Banks will continue their existing limited hour- transactions from 10 am to 3 pm on workdays until June 16. Bangladesh Bank issued a circular on Sunday for all banks in line with the Cabinet Division’s latest directives on the countrywide restrictions amid Coronavirus

The G7 group of advanced economies has reached a "historic" deal on taxing multinational companies. Finance ministers meeting in London agreed to battle tax avoidance through measures to make companies pay in the countries where they do business. They also agreed in

Finance Minister AHM Mustafa Kamal has proposed tax exemption to IT service providers for four years in the next budget. He said: "I propose to offer tax exemption facility to providers of cloud service, system integration, e-learning platform, e-book publications, mobile

The cabinet on Thursday approved the proposed national budget for the fiscal year 2021-22. The budget was approved on Thursday, during a special meeting presided over by Prime Minister Sheikh Hasina, held at the cabinet room in the Jatiya Sangsad building, sources at the parliament

Google and Amazon have acquired Business Identification Number (BIN) from the National Board of Revenue last week to run their business in Bangladesh while ensuring value added tax (VAT) compliance. They will now pay a 15% VAT on revenue earned from the country. Google and Amazon

The US and China's top trade negotiators have held "candid, pragmatic" talks, in their first meeting under the Biden presidency. US Trade Representative Katherine Tai and Chinese Vice Premier Liu He held a virtual meeting on Thursday. Both sides said they discussed the

Bangladesh Jatri Kalyan Samity Secretary General Mozammel Hoque Chowdhury recently said that use of low-quality bitumen wastes a lot of public money and investment of vehicle owners. The common people of the country have to bear the burden of state expenditure, including the sufferings

A huge volume of money is being laundered through over-invoicing in the name of bitumen import. Analyzing the volume of bitumen import, quality and international market price, it was found that around Tk 14,000 crore has been laundered through over-invoicing in the name of bitumen

The price of the cement is going to be hiked in the local market in the face of raw material import adversities. The problems relating to shipping of the clinkers and other raw materials are responsible for the price hike, source said. Cost and freight of clinker at Chattogram port

Bangladesh Jewellers' Association (BAJUS) has decided to increase the price of gold in the domestic market again within two weeks by Tk 2,041.20 per bhori as the price of gold is increasing in the international market. The new rate will be effective from Sunday (May 23), says a

The restaurant owners on Saturday placed their demands including allowing restaurants to reopen following health guidelines or to serve maintaining 50 percent capacity. Imran Hasan, secretary general of the association, placed a written statement in this regard at a press briefing.