National Bank Limited (NBL) showed a loss of Tk 7.66 billion for January-March this year, higher than in the first quarter of previous years, as its expenses far outstripped income for its huge default loan burden. During the quarter, it could not book interest on loans and advances that t
The Appellate Division of the Supreme Court (SC) has cleared the way for the National Board of Revenue (NBR) to collect income tax from the private universities. The apex court on Thursday rejected three separate appeal petitions filed by the three private universities challenging a notice issue
Just days after implementing market-based bank interest rates, the Bangladesh Bank met with the country's leading businesses on Thursday and assured them that loan interest rates would not exceed 14 per cent. "We have discussed the interest rate issue with the governor, and he said the cost of dep
The government, in a departure from age-old practices, has decided to make districts as the focal point of local-level development activities. The direction for the switch came from Prime Minister Sheikh Hasina while presiding over a meeting of the Executive Committee of the National Economi
Some 398 Bangladeshi nationals purchased 641 properties valued at an estimated US$225 million in Dubai in 2022, according to a report. The number of Bangladeshis who have bought cent-percent ready-made housing assets or intend to purchase unfurnished housing assets in Dubai city and whose detail
Local manufactures like refrigerator, AC, mobile set and LPG cylinder also may get costlier for tax hike as financial reform necessitates lowering tariff protections to domestic industries. Sources say the local manufacturers of electrical and electronic products may see a tax hike in the up
কক্সবাজারের উখিয়া এবং টেকনাফ উপজেলায় অভিযান চালিয়ে বিদেশি জি থ্রি রাইফেল, শুটার গান এবং ৯২ রাউন্ড গুলি উদ্ধার করেছে পুলিশ। বুধবার (১৫ মে) থেকে শুরু হওয়া এই অভিযানে এখনো পর্যন্ত গ্রেপ্তার হয়েছে ৫ জন। মাদকের পর এবার মায়ানমার থেকে অবৈধ পথে বাংলাদেশে আসছে ভারী আগ্নেয়াস্ত্র। বৃহস্পতিবার (১৬ মে)
EC commissioner Brig Gen Md Ahsan Habib Khan (Retd) on Thursday said that the turnout of voters will increase in the second phase of upazila parishad election. He said it is true that in the first phase of upazila polls voter turnout was 36 per cent. I think, it was not that much low and there wer
The family of Squadron Leader Asim Jawad, who recently died in a trainer fighter jet crash, met Prime Minister Sheikh Hasina at her official residence Ganabhaban on Thursday evening. Jawad's father Dr Md Aman Ullah, mother Nilufar Akhter, wife Rifat Antora, daughter Ayeeza and son Ayaaz met the
The supply of sacrificial animals has exceeded the demand ahead of Eid-ul-Adha this year, according to Fisheries and Livestock Minister Md Abdur Rahman. This year, there are 12.98 million sacrificial animals, which is 444,034 more than last year, leaving an excess of 2.28 million cattle compared t
A high-level expert committee formed by the Ministry of Education has recommended removing the story titled "Sharifa's Story" from the seventh-grade history and social science textbook. The committee made the recommendation citing multiple ‘inaccuracies’ in the story, Prothom Alo report
The Appellate Division of the Supreme Court has ordered a status quo on the transfer of shares of Italian-Thai Development Public Company Limited, a partner in the construction of the Dhaka Elevated Expressway. The parties have been asked to maintain the status quo until May 30, UNB reports. The
