DCCI wants lower interest rates for private-sector credit growth

The leading chamber also demanded a loan classification deadline extension by 3 to 6 months
16 January 2025, 12:27 PM

Food processors protest tax hike

They also urge govt not to raise gas prices
16 January 2025, 11:54 AM

BSC to sell two fire-damaged ships as scrap at Tk 50cr

The Bangladesh Shipping Corporation (BSC) has decided to dispose of its two fire-damaged oil tankers, “Banglar Shourabh” and “Banglar Jyoti”, for Tk 50.56 crore, including value-added tax (VAT) and taxes..The amount was offered by Chattogram-based shipbreaker Master & Brothers, the highest
15 January 2025, 18:25 PM

US remains top country in credit card spending by Bangladeshis

The USA has been the top country in terms of international spending by Bangladeshi cardholders for the fifth consecutive month until November..The North American country replaced India in July last year when Bangladesh faced deadly student protests over public job quotas, which subsequentl
15 January 2025, 15:36 PM

Int'l yarn and fabric show begins in Dhaka

The 23rd Dhaka International Yarn and Fabric Show 2025 (Winter Edition) began at the International Convention City Bashundhara in the capital’s Purbachal yesterday..Anwar Hossain, vice-chairman of the Export Promotion Bureau and administrator of the Bangladesh Garment Manufacturers and Exp
15 January 2025, 14:18 PM

Hasina, family members included in list for money laundering probe: BFIU

11 separate teams will be formed to investigate people, companies of 11 groups
15 January 2025, 13:41 PM

CPD teams up with Denmark for economic reform, green transition

Time has come to work on institutional strengthening, good governance, and make the systems transparent and accountable for Bangladesh, said Christian Brix Møller, the Danish ambassador to Bangladesh..He made the remarks at a signing ceremony with the Centre for Policy Dialogue (CPD) in Dh
14 January 2025, 15:09 PM

India to promote its textiles as political crisis hits Bangladesh’s exports, say sources

India aims to boost its textile and garments industry in next month's budget with financial support, tariff cuts on key inputs and incentives to produce locally, two government sources said..An ongoing political crisis in neighbouring Bangladesh, opens new tab has prompted global retailers
14 January 2025, 15:02 PM

ADP spending fell 19% in Jul-Dec

Tk 50,002 crore was spent in the period
14 January 2025, 14:38 PM

Bangladesh-Pakistan trade yet to reach expected level

DCCI president says at meeting with the Federation of Pakistan Chambers of Commerce and Industry
14 January 2025, 12:57 PM

Tripartite panel formed to solve industrial sector problems

Labour adviser made president of the 60-member panel
14 January 2025, 11:43 AM

US top remittance source in Nov, Dhaka top recipient

The biggest source of all the remittance received by Bangladesh last November was the US, according to the latest report of Bangladesh Bank (BB)..Moreover, Dhaka secured the lion’s share of the foreign currencies..Bangladeshi migrants sent home $2,199.99 million in November. Of it, $
13 January 2025, 18:37 PM

Foreign fruits turn costlier for duty hike

Recent supplementary duty (SD) hikes on the import of fruits have dealt a fresh blow to people who were already cutting back on these delicacies since the imposition of regulatory duties in mid-2022..On January 9, the National Board of Revenue (NBR) increased the supplementary duty on the
13 January 2025, 15:35 PM

FICCI expresses concern over hikes in tax, SD

Increased costs of doing business could weaken operational capacity, the chamber said
13 January 2025, 10:41 AM

Manufacturers express concern on planned phasing out of single use plastic

They recommended promoting plastic recycling initiatives
12 January 2025, 14:40 PM
12 January 2025, 14:14 PM

Restaurant owners threaten strike over VAT hike on food bills

They would keep restaurants closed for a day as a token protest if their demand is not met
9 January 2025, 12:51 PM

Payra thermal power plant resumes full production

The Payra 1,320MW Thermal Power Plant in Kalapara upazila of Patuakhali has resumed full production following a roughly two-month halt for maintenance works on its second unit and test runs of a neighbouring facility..Upon completing maintenance works, which began on November 9 last year,
8 January 2025, 18:07 PM

Stakeholders outraged by proposed tax hike on mobile phone use

If implemented, total tax burden on mobile phone users will be around 56.3%
8 January 2025, 12:59 PM

RMG exports grew moderately in 2024 despite headwinds

In spite of turbulent times prevailing both at home and abroad, garment exports from Bangladesh grew in 2024 by 7.23 percent year-on-year to $38.48 billion, according to the Export Promotion Bureau (EPB)..This is due to an increasing demand for clothing with the fall of inflation in major
6 January 2025, 16:28 PM