The Large Taxpayers Unit (LTU) of the National Board of Revenue (NBR) has formed a separate intelligence unit to detect VAT evasion cases by big companies, reports UNB. According to sources at the NBR, LTU Commissioner (VAT) Shahnaj Parveen approved the formation of the new intelligence unit on September…

The benchmark index at the country’s twin bourses—Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - returned to positive as some heavy weighted stocks regained little trust from the investors yesterday, the second trading day of the week, reports UNB. The DSE key index, DSEX…

The European Investment Bank (EIB), the European Union’s long-term financing institution, has recently signed in Dhaka a loan agreement of 135 million euros with the government of Bangladesh to further improve the country’s railways, reports BSS. “The EUR 135 million loan will serve…

AFP, LONDON: Oil prices fell yesterday on data revealing that China’s economy posted its slowest growth for more than six years, reinforcing concerns about weak demand from the world’s top energy consumer. US benchmark West Texas Intermediate for delivery in November dropped 53 cents to…

The National Industrial Policy-2015 will focus on facilitating and expediting investment from overseas, with putting due emphasis on accelerating local investment, Industries Minister Amir Hossain Amu said. “We are continuously updating our fiscal and industrial policies and providing certain…

AFP, MUMBAI: The head of India’s central bank yesterday called for the International Monetary Fund to stop “applauding” the monetary easing policies of many developed countries. Reserve Bank of India governor Raghuram Rajan said in a speech that the IMF should be doing more to assess…

AFP, DUBAI: The fast-growing Islamic finance industry is set to slow down next year over the sharp fall in oil revenues and rapid regulatory changes, Standard and Poor’s Ratings Services said on Monday. “We think Islamic finance growth will drop to single digits in 2016 from between 10 per…

Bangladesh Bureau of Statistic (BBS) is going to observe World Statistic Day 2015 to aware the people about the necessity of statistic in their analytical estimations and assumptions. “Better data for better life” has been selected as the main theme of this year’s observation.  …

AFP, LONDON: One of China’s top businessmen, Alibaba founder Jack Ma, has been appointed by British Prime Minister David Cameron to advise him on business, Downing Street said yesterday. The announcement came the day before a four-day state visit to Britain by Chinese President Xi Jinping and…

AFP, LUSAKA: Zambia’s President Edgar Lungu prayed to God to “heal” his country’s ailing currency on Sunday, with bars shut and football matches cancelled on a national day of prayer to end a record slump. Lungu ordered the prayer session last month after the kwacha fell 45 per…

Dnata travel, member of Emirates Group and Middle East’s top travel agency, has developed new tours and services designed to care for the needs of Muslim travelers, says a press release. The package titled “Holidays Tailored for You,” offers Muslim holidaymakers trip packages that…

Farzana Oshin Zulhash is joining Mindshare Singapore as a planning manager to manage brands within some of the flagship clients in the agency, says a press release. She worked for three and half years in Mindshare Bangladesh. This is for the first time in Mindshare Bangladesh that an employee has been…

AFP, BEIJING: China’s economy logged its worst performance since the global financial crisis, official figures showed Monday, with analysts warning…

AFP, BERLIN: Scandal-plagued Deutsche Bank, Germany’s biggest lender, Sunday announced a major business and management shake-up that would “fundamentally…

AFP, PARIS: Despite failing to agree a potential tie-up with Airbus, Canadian plane-maker Bombardier insists it can make its bet on entering the lucrative…

Artificial Intelligence is the humanity’s next step towards greatness. We’ve all wanted J.A.R.V.I.S to be our personal assistant, at one point…