Business

Aiming to significantly boost revenue collection from domestic sources, the National Board of Revenue (NBR) is adopting a three-pronged approach. These are: digital transformation, expansion of tax net, and enhancing administrative capacity, reports UNB. The core idea is to make tax payments easy and transparent to improve taxpayer services which in turn will help NBR to collect more revenue, according ...

Japanese arch-rivals Nissan and Honda said Friday they were exploring a strategic partnership in electric vehicles to face up to a “once-in-a-century” upheaval in the car industry, reports AFP. Analysts said the move was aimed at catching up with Chinese competitors who have stolen a march in EVs while Japanese firms have lost ground by focusing more on hybrid vehicles. ...

The government will procure edible oil, lentil, sugar and wheat worth Tk 507 crore from local and international markets. Of the amount, Tk 153.97 crore will be spent to buy wheat, while Tk 77.98 crore to buy soyabean oil, Tk 107.60 crore to buy sugar and Tk 167.38 crore to buy red lentil. The approval of procuring the edible oil, ...

John Lewis has reported a return to profit, but it will not pay its staff a bonus for the second year in a row. The retail partnership, which also owns Waitrose supermarkets, reported a pre-tax annual profit of £56m compared with a £234m loss the year before. However, it said it would not pay a bonus as it was increasing ...

Bangladesh Railway will start selling advance train tickets for Eid-ul-Fitr from March 25. The sale will continue till March 31. The railway authorities fixed the date considering April 11 will be the Eid day, according to Bangladesh Railway sources. The train tickets for April 4, 5, 6, 7, 8, and 9 will be available on March 25, 26, 27, 28, 29 and ...

The Asian Development Bank (ADB) has approved a $71 million loan to improve flood control, irrigation, and water resources management in rural communities in Gopalganj and Madaripur districts in Bangladesh to strengthen their preparedness and resilience to the effects of climate change. According to an ADB release, The project is expected to benefit more than 600,000 people and will introduce ...

Bangladesh Bank (BB) on Tuesday said that those found to be wilful defaulters will be banned from traveling abroad. “No new trade license can be taken and would not be eligible for any kind of state awards or honours,” said an instruction of the central bank, UNB reports. Banking Regulations and Policy Department (BRPD) issued a circular in this regard ...

The Ministry of Commerce has fixed prices of dates, an Iftar item. According to a notice issued on Monday, the ministry has fixed the price range for low-grade dates at Tk 150 to Tk 165 per kilogram. Besides, price of Zahidi dates, which come in sacks, has been between between Tk 170 and Tk 180 per kilogram. This notice was ...

Bananas are set to get more expensive as climate change hits a much-loved fruit, one of the world’s top experts from the industry tells BBC News. Pascal Liu, senior economist at the World Banana Forum, says climate impacts pose an “enormous threat” to supply, compounding the impacts of fast-spreading diseases. The forum meets in Rome on Tuesday to tackle challenges ...

Three pairs of new intercity train will run on the Dhaka-Chattogram-Cox’s Bazar route by June this year. Quamrul Ahsan, director general of Bangladesh Railway, provided the information at a workshop titled “Management and Development of Bangladesh Railway” held at Rail Bhaban in the capital on Saturday. Besides, commuter trains on Chattogram-Cox’s Bazar route, two train to Khulna via the Padma ...