Monday, August 21, 2017 | ePaper

Exporters demand 3pc source tax for next five years

  • Print
Economic Reporter :
Exporters Association of Bangladesh (EAB) demanded a static source tax at 3 percent for next five years, down from the current 7 percent.
"If there is no long term tax policy, investors can't make any plan for investment, said a leader of the EAB. The association leader made the demand while speaking at an Iftar Mehfil at a city hotel hosted by EAB.
Discussing different issues of the proposed budget 2017-18, EAB president Abdus Salam Murshedy said the budget have many positive aspects, but it failed to provide any direction to create job for the every year's 2.6 million new job seekers and young educated youths.
He said the country's export sector, especially the readymade garment (RMG) sector which contribute about 83 percent of total export incomes, has been experiencing its 'worse times'.
"The growth in RMG sector's growth declined to 2.16 percent from 13 percent. This is alarming as we're losing our competitive edge against nations," said EAB leader and BGMEA vice president MA Nasir.
He said the export sector industries should get 10 percent incentives from the government to sustain the bad situation in global market.
BGMEA senior vice president Faruque Hasan said negative growth in RMG sector will have big impact on the economy as RMG shares the lion stake in export business.
The EAB alleged that many investors do not dare to set up new industries because of gas and electricity crisis.

More News For this Category

NRB Bank works to achieve vision 2021: Nizam Chowdhury

NRB Bank works to achieve vision 2021: Nizam Chowdhury

Bangladesh is also changing with global change. That is why Bangladesh is among "the next eleven to watch," Nizam Chowdhury said "We have had tremendous success in poverty alleviation.

Quazi Osman Ali, Additional Managing Director of First Security Islami Bank Limited, poses with the participants of its 26th Foundation Course of Trainee Assistant Cash Officers at the bank's Training Institute in the city on Thursday. Md. Ataur Rahman, Principal and Muhammad Lutful Haque, Faculty Member of the institute were present.

Quazi Osman Ali, Additional Managing Director of First Security Islami Bank Limited, poses with the participants of its 26th Foundation Course of Trainee Assistant Cash Officers at the bank's Training Institute in the city on Thursday. Md. Ataur Rahman, Principal and Muhammad Lutful Haque, Faculty Member of the institute were present.

.

Stocks see up on large-cap vibe

Economic Reporter :Stocks saw upward trend on Monday as major indices of both Dhaka and Chittagong Stock Exchanges were found rising trend with higher activities of some large-cap securities.The

NBL holds 34th AGM

Business Desk :The 34th Annual General Meeting of National Bank Limited was held on Sunday, at Utshab Hall, Radisson Blu Water Garden Hotel in the city. Zainul Haque Sikder,

BB eases financing process for importing industrial raw materials

Economic Reporter :Bangladesh Bank (BB) has eased the process of issuing repayment guarantee for facilitating import of industrial raw materials."To facilitate short term import finance, it has been decided

Robi introduces special int'l data roaming

Economic Reporter :Mobile phone operator Robi introduced new international data roaming "Just Go" for its customers.Under the offer, Bangladeshi travelers visiting India, Malaysia, Singapore, Nepal, Indonesia, Sri Lanka and

Zainul Haque Sikder, Chairman of National Bank Limited, presiding over its 34th AGM at a hotel in the city on Sunday. The AGM approved 20pc Stock Dividend for the year ended on the 31st December, 2016. Monowara Sikder, Khalilur Rahman, Rick Haque Sikder, Ron Haque Sikder, Directors and Choudhury Moshtaq Ahmed, Managing Director (CC) of the bank were present.

Zainul Haque Sikder, Chairman of National Bank Limited, presiding over its 34th AGM at a hotel in the city on Sunday. The AGM approved 20pc Stock Dividend for the year ended on the 31st December, 2016. Monowara Sikder, Khalilur Rahman, Rick Haque Sikder, Ron Haque Sikder, Directors and Choudhury Moshtaq Ahmed, Managing Director (CC) of the bank were present.

.

Mohammad Sanaullah, FCS, President of Institute of Chartered Secretaries of Bangladesh (ICSB) presiding over its 7th AGM at a city auditorium on Saturday. Md. Selim Reza, FCS, Vice President  and Kazi Mafizur Rahaman, Secretary in Charge of the Institute were also present.

Mohammad Sanaullah, FCS, President of Institute of Chartered Secretaries of Bangladesh (ICSB) presiding over its 7th AGM at a city auditorium on Saturday. Md. Selim Reza, FCS, Vice President and Kazi Mafizur Rahaman, Secretary in Charge of the Institute were also present.

.

China Unicom shares soar on $11.7 bn stake sale plan

AFP, Shanghai :Shares in China's second-largest telecoms carrier Unicom soared Monday after it reiterated previously retracted plans for an almost $12 billion stake sale involving high-profile investors including Tencent,

Britain to boost trade with Panama, Colombia

Xinhua, Panama City :Britain plans to double financing for British companies trading with Panama and Colombia, Britain's embassy in Panama said on Sunday.Britain's Trade Secretary Liam Fox was expected