Walton, one of top local electronics and home appliance manufacturers and exporters, yesterday launched its e-commerce platform Walcart Limited to capture a major share of the growing online business.

With many export-oriented firms facing losses for cancellation of export orders by buyers or other factors and sit with stock of raw materials, the National Board of Revenue (NBR) has relaxed rules regarding holding period of raw materials imported duty-free by firms under bonded warehouse licence.

Malek Spinning has decided to shut the RMG unit of its subsidiary Salek Textile Mills due to continuous losses and low demand for its products.

With Christmas just around the corner, upscale hotels are organising parties, restaurants are floating various offers and shops are stocking up on festive products ahead of the biggest religious festival for the Christian community.

The International Monetary Fund (IMF) yesterday advised the government not to extend general forbearance to banks and corporations.

The non-bank financial institutions (NBFIs) can now show their unrealised interest of loans as income if borrowers can pay 25 per cent of their annual instalments by this year.

The commerce ministry today increased the wastage ratio for garment makers by 11 percentage points to 27 per cent, as the production of high-value items creates a lot of wastage.

The tax difference between listed and non-listed companies should be rationalised in order to encourage good companies and pursue well-performing large corporates for listing in the capital market, said Rizwan Rahman, president of Dhaka Chamber of Commerce and Industry (DCCI).

Turnover at the Dhaka Stock Exchange (DSE) dropped to under the Tk 800-crore-mark again today as the index continued falling the whole day.

Malek Spinning has decided to close down its textile unit of its subsidiary named Salek Textile due to accumulated loss.

The International Monetary Fund has slightly raised its projection for the economic growth of Bangladesh to 6.6 per cent for this fiscal year, up from 6.5 per cent it forecast in October.

The Summit Power has closed its gas-fired Madhabdi Power Plant Unit-2 as the plant’s power purchase agreement with the government has expired.

The Bangladesh stock market index started the week with a massive fall today as investors went for a selling spree.

Md Matiul Islam, a veteran chartered accountant and a former distinguished civil servant, has been awarded with a lifetime achievement award by the Institute of Chartered Accountants of Bangladesh (ICAB).

A Japanese former politician who campaigned to bring billions of dollars of investment from some of Japans top companies to Myanmar has urged Japan to endorse its military regime, saying the nation’s coup leader has  “grown fantastically as a human being,” while praising his  “democratisation efforts.”

Establishing a pro-taxpayer environment in an emerging economy like Bangladesh where the tax-GDP ratio is hovering around 10-11 per cent requires a very close review of existing rules and regulations one by one, if not word by word in fitting with present day demand of social norms and business practices.

Four local companies bagged awards in as many categories at the Asia Pacific ICT Alliance (APICTA) Awards 2020-21, Bangladesh Association of Software and Information Services (BASIS) said yesterday.

For the past two weeks, the movement of major indices in Bangladesh’s stock market has been influenced by speculations over possible meetings between the regulators and subsequent policy changes, according to experts.

Eminent economist Debapriya Bhattacharya has been reappointed as a member of the Committee for Development Policy (CDP), a subsidiary body of the United Nations Economic and Social Council (ECOSOC).

Three government entities have failed to carry out a study to find out the amount of illicit financial flow from Bangladesh, where they were siphoned and how as part of the country’s efforts to contain cross-border money laundering.