Day: June 7, 2024
Staff Reporter : Finance minis Finance Minister Abul Hassan Mahmood Ali, while unveiling the national budget for the fiscal year 2024-25 in parliament on Thursday, announced decreases in VAT and tax on several products. As a result, prices of these products might decrease. However, the number of products with increased VAT or tax exceeds those with decreased rates. Laptop In his budget speech, the finance minister recommended waiving the 15 percent VAT applicable at the import stage on laptops. This...
Enayetullah Khan : The Shangri-La Dialogue that was just held in Singapore provides a sense of the direction in which...
Staff Reporter : The United Kingdom has announced a significant humanitarian aid package worth £500,000 (BDT 7.5 crores) to assist communities affected by Cyclone Remal in the southwestern region of Bangladesh. This aid comes in response to the cyclone’s devastating impact, which has affected 4.6 million people and displaced 800,000 residents in coastal areas. According to a press release issued on Thursday, the UK’s humanitarian assistance will provide essential support, including food, clean water, sanitation, and hygiene supplies, to more...
Staff Reporter : Finance Minister Abul Hassan Mahmood Ali has unveiled the proposed budget for the fiscal year 2024-25, suggesting various adjustments in duties and taxes. These changes are expected to lead to potential price hikes for several products. Local Freeze and AC Nearly 90 percent of refrigerators and freezers sold in the markets are produced in Bangladesh, with a number of local brands alongside foreign companies. The finance minister proposed an increase in the value-added tax (VAT) on locally...
Staff Reporter : In a bid to bolster the country’s economy amid the ongoing financial crisis, Finance Minister Abul Hassan...
City Desk : Supplementary duty on internet usage on mobile phones has been increased in the proposed national budget for...
Deutsche Welle : Myanmar is producing and exporting more illicit drugs as an ongoing civil war between the ruling military junta and armed ethnic rebels batters the agriculture-based economy. Myanmar has been in crisis since February 2021 when the military ousted the country’s democratically elected government in a coup that sparked mass protests, and eventually an armed insurgency. According to a report from the UN Office on Drugs and Crime (UNODC), Myanmar’s opium fields grew by 18% to a total...
Al Jazeera : An attack by the paramilitary Rapid Support Forces (RSF) on a village in central Sudan has killed “up to 100” people, according to local pro-democracy activists. The Wad Madani Resistance Committees reported on social media late on Wednesday that the RSF, which has been at war with the regular army for more than a year, attacked the village of Wad al-Noura in Gezira state “in two waves”, deploying heavy artillery. The committees shared photos of dozens of...
National Desk : Dhaka Ahsania Mission (DAM) organised an Upazila-level inception meeting of Ashshash Phase II project in the meeting...