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Unrest hits Baishakh sales hard

As customers crowd outlets of leading fashion brands, businessmen of the smaller store say they are unlikely to make much profit during this year’s Pahela Baishakh celebrations. They blame the political unrest for the below-average sales, mostly of clothes that are sale boishakhsold ahead of the Bengali new year. Nevertheless, crowds are seen roaming around the markets in Dhaka city. “We don’t have a large number of customers for Baishakhi wear this year. The political turmoil has hit the sales,” said Mursalin Bithun, managing di...

BJP mulls keeping Assam out of LBA

BJP’s electoral ambitions may force a major change in a landmark diplomatic initiative being pursued by the Modi government. bd-indiaBJP brass considers Assam, a major Northeastern state that goes to polls next year, a winning prospect and these poll calculations may result in delinking Assam from the Land Boundary Agreement (LBA) with Bangladesh for now, reports Economic Times (ET). ET spoke to several senior officials as well as BJP leaders for this report. Questions to the PMO didn’t receive any response. Officials and politicians who spok...

HC stays NBR bid to tax Yunus’ gift money

The High Court has stayed the National Board of Revenue’s move to collect gift taxes from Nobel Laureate Prof Muhammad Yunus, his legal and tax counsels said yesterday, reports the Daily Star. The six-month stay on NBR’s tax demand notice came early this month, Kazi Ershadul Alam, legal adviser to Prof Yunus, told The Daily Star over the phone. dr. YunusThe NBR had claimed that Yunus gave away Tk 77 crore in gifts to his family members and others over three assessment years, against which, Tk 15.39 crore were payable in taxes. Yunus took the NBR...

Campaign for Hillary following ‘Bangladesh example’

Carolyn Maloney, member of Congress Joint Economic Committee and the Bangladesh Caucus envisioned Hillary Clinton as the first US women president following the example of Bangladesh. Hillarie campaignThe US Congresswomen mentioned women empowerment in Bangladesh politics while talking about the Hillary’s campaign for the Presidential run. Former Secretary of State Hillary is ready to announce her candidacy for the Democratic President on Sunday. Supporters of Hillary gathered in Battery Park, New York on Saturday to sh...

Political turmoil depleted $2.2b in 3 months

Bangladesh has incurred a loss of around $2.2 billion (approximately Tk 17,150 crore) in the last three months due to political instability, according to a World Bank report. violance BDThe WB revealed the findings today at the launch of Bangladesh Development Update Report 2015 at its Dhaka office. Unveiling the report, WB's Chief Economist Dr Zahid Hossain said, “The country incurred the financial lost due to political stalemate in Bangladesh.” Bangladesh faced huge financial loss in January, February and March this year, which i...

30 missions fail to achieve July-Feb export targets

30 missions fail to achieve July-Feb export targets out of 53 Bangladesh missions abroad have failed to achieve their respective export targets for the first eight months (July-February) period of the current fiscal year 2014-15, reports UNB The key Bangladesh missions like the ones in Washington, Berlin, London, Paris, export-importMadrid, Ottawa, Rome and the Hague have failed to achieve their July-February export targets while some other important missions like Stockholm, Tokyo, Riyadh, Canberra and New Delhi have been able to rea...
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