Government's revenue authority surpassed its revised target of revenue collection in the just-concluded fiscal year (FY 2016-17) by Tk 710 million, provisional figures show, circumventing some hurdles.
The revised target of tax-revenue collection in the fiscal year (FY) 2016-17 was Tk 1.850 trillion. Original target set for the National Board of Revenue (NBR) was Tk 2.03 [...]

The government will build the third terminal at the Hazrat Shahjalal International Airport (HSIA) in Dhaka at a cost of Tk 136.14 billion to handle 12 million passengers by 2025, officials said Saturday.
Officials said the state-run Civil Aviation Authority of Bangladesh (CAAB) recently sent a project proposal in this regard to the Planning Commission (PC) [...]

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) thanked Saturday the government for deferring enforcement of VAT and supplementary duty (SD) Act 2012 and introducing new slabs of reduced excise duty on bank deposits.
The parliament on June 29 last passed the Finance Bill for the fiscal year (FY) 2017-18, proposing extension of existing [...]

NEW YORK, July 1: It is not surprising that the 18-month-old Asian Infrastructure Investment Bank (AIIB) obtained the highest level of credit rating from Moody's Investors Service, an international trade expert said.  "This is no easy achievement especially given the short history since the establishment of this international institution," Anthony Mak, director of Hong Kong [...]

YANGON, July 1: A local employee with an international aid group in Myanmar's conflict-torn Rakhine State was stabbed to death by "terrorists", the government said Saturday, the latest in a spate of grisly killings blamed on Rohingya militants. On Saturday the government said a local aid worker in northern Rakhine was dragged out of his [...]

Just after the enforcement of the new budget that finally dropped some major fiscal changes, the government issued a raft of statutory regulatory orders (SROs) keeping unchanged almost all the VAT measures for 2017-18.
As per the SROs issued Saturday by the Internal Resource Division (IRD), except tax on cigarettes, bidis and junk foods, all other [...]

Stocks extended the winning streak for the second week in a row that ended Thursday, the last week of the just concluded fiscal year, as investors showed their buying appetite on large-cap stocks.
Analysts said the market maintained its bullish trend amid rising turnover as investors injected fresh funds into stocks to avail the tax benefit [...]

The total market capitalisation of Dhaka Stock Exchange (DSE) rose 19 per cent in the just concluded fiscal year (FY) 2016-17 compared to the previous fiscal as investors were on buying mood.
The total market cap of the prime bourse also reached all-time high of Tk 3,847 billion on April 4 during the fiscal year.
Between June [...]

The Bangladesh Under-23 booters backed to business as they joined their residential training camp at Bangladesh Krira Shikkha Prothistan (BKSP) in Savar on Friday, reports BSS.
The camp which began under the supervision of national football team coach Andrew Ord on June 20 last with the initially selected 54 booters for the AFC U-23 Championship Qualifiers [...]

A 29-member comprising under-16 and under-18 boys' teams of Sunnydale School, representing Bangladesh in the Partille Cup Age Group Handball competition, will leave for Sweden tomorrow (Sunday) to take part in the competition scheduled to be held on July 3-8 in Gothenburg, the second-largest city of Sweden, reports BSS.
On eve of the departure, the players [...]