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July 3, 2023

Mobile phone use to get costlier

Mobile phone use cost will increase in the next fiscal as Finance Minister AMA Muhith proposed to hike the duty on SIM card-related services to 5 percent. Currently, there is a 3 percent supplementary duty on all kinds of mobile service use. In his proposed budget, Muhith set a 5 percent duty. Mobile phone operators feared this will badly impact their earnings and network expansion mobiledeviceplan. “No doubt after implementing this tax users will reduce their uses,” said a top official of a leading mobile phone...

IBBL approves 20pc cash dividend

Islami Bank Bangladesh Limited (IBBL) has approved 20% cash dividend for the shareholders for the year 2015. The dividend was approved in the 33rd Annual General Meeting of the Bank held on  Thursday at Bangabandhu International Conference Centre in the capital. The meeting approved the balance sheet ended at 31st December 2015, Profit and Loss Account and Reports of the Directors and Auditors of the Bank. Engr. Mustafa Anwar, chairman of the bank presided over the meeting. Mohammad Abdul Mannan, Managing Director & CEO and Sheikh Moulana Mohammad Qutubuddin, Chairman of the Shari`ah Supervisory

TK 1.10 lakh crore allocation for ADP in FY17

The proposed National Budget for the fiscal 2016-17 has set an Annual Development Programme (ADP) with the original outlay of Taka 1,10,700 crore aiming to ensure a balanced development and higher growth. In the new ADP, transport, education, power, rural development, health, and water sector have been given highest priority, reports BSS. However, incorporation of Taka 12,645.80 crore of own financing projects from the corporations and autonomous organizations has inflated the ADP outlay to Taka 1,23,345.80 crore. “Like previous years, we have estimated the ADP allocations while giving priority to ensuring regional parity, developing human resources and infrastructure and securing quality of