Finance Minister AMA Muhith has hinted that tax at source for readymade garment (RMG) export might be increased in the next budget. At a pre-budget discussion in Dhaka on Friday, he said the government was also considering revising the ‘cash incentives’ provided to export sectors. Last year, the apparel export source tax was slashed by 0.5 percent to help the ...

The number of subscribers to the only state-run mobile-phone operator, Teletalk, has quadrupled since the introduction of its 3G services two and a half years ago. The company attributes the surge to high-quality and high-speed data services. Teletalk said the number of its subscribers was around 5.4 million at April-end against about 1.4 million on Oct 14, 2012, when the ...

Former Egyptian President Mohamed Mursi waves as he enters for his trial with other Muslim Brotherhood members at a court in the outskirts of Cairo, May 16. Reuters An Egyptian court on Saturday sought the death penalty for former president Mohamed Mursi and 106 other supporters of the Muslim Brotherhood in connection with a mass jailbreak in 2011. Mursi and ...