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

11 conditions made mandatory for trade through Benapole port

Beanpole customs also listed 12 types of imported goods that should go through physical inspection
11 January 2025, 14:39 PM

Banks see rising deposits for higher interest rates

Bank deposits grew in the third quarter of 2024 as many people were encouraged by rising interest rates to park their money at commercial lenders..In the July-September period of the previous calendar year, bank deposits rose 7 percent year-on-year to Tk 18.25 lakh crore, with bank branche
9 January 2025, 15:45 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

Feud over container handling rates disrupts Ctg port operations

Disputes between berth operators and shipping agents slow handling at six jetties
9 January 2025, 12:01 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

Local businesses to host ‘Made in Bangladesh’ exhibition in Brazil 

The expo will take place in Sau Paulo from June 15-18 
8 January 2025, 08:55 AM

Five economic zones to be fully functional in two years: Beza executive chairman

The zones are expected to attract $5.5 billion in investment and create over 200,000 jobs
7 January 2025, 11:53 AM

Direct tax expenditure declined to Tk 1.15 lakh crore in FY22

Bangladesh’s direct tax expenditure, a tax subsidy that includes rebates, exemptions, and reduced rates offered by the revenue authorities, fell 8 percent year-on-year to Tk 1.15 lakh crore in fiscal 2021-22, according to the tax expenditure estimation report..The National Board of Revenue
6 January 2025, 18:12 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

Mobile phone talktime, internet to be costlier

The NBR will increase supplementary duty on mobile phone usage by 3 percentage points
6 January 2025, 15:40 PM

High prices, freight costs take a toll on vegetable exports

The exports of fresh vegetables decreased 57.93 percent year-on-year in the first six months of the current fiscal year, official figures showed..Vegetables fetched $70.36 million in the July-December period of fiscal year 2023-24, and in the same period of fiscal year 2024-25 it was $29.6
6 January 2025, 15:18 PM

Renata ships first batch of psychiatric disorder medicines to US

The tablet, Risperidone, is locally marketed as Sperid
6 January 2025, 14:26 PM