The light engineering sector’s development is crucial for meeting the investment-GDP ratio target of 27.35 percent by fiscal year 2024-25, said DCCI President Md Sameer Sattar yesterday. 

While having lunch with his colleagues, Jamal announced he was going to Singapore to attend a training workshop. Cheers followed, but some were struggling to conceal their resentment with “But you came back from Bangalore last month” and the like.

Sustainable finance extended by banks rose nearly 40 percent year-on-year to Tk 35,387 crore in the first quarter of 2023 as lenders keep disbursing a higher volume of loans to eco-friendly businesses and industries, official figures showed.

Taxpayers will need to assess their taxable income and payable taxes based on the Income Tax Law 2023 that came into effect in June, according to a clarification by the National Board of Revenue (NBR).

Bangladesh Bank (BB) yesterday announced that 43 products or sectors will be eligible for government stimulus or cash incentives against export receipts for the current fiscal year of 2023-24. 

The market for polyurethane foam is growing in Bangladesh as the material is being increasingly used for making upholstered furniture as well as packaging and insulation, according to industry insiders.

Trade economists are being cautiously optimistic about the immediate benefits if Bangladesh is given membership of the BRICS bloc, which is a five-nation alliance comprising Brazil, Russia, India, China and South Africa.

Bangladesh has so far signed five bilateral and regional trading agreements to bolster exports, trade and investments with a view to expediting economic growth. 

Bangladesh Finance Ltd yesterday signed a collaboration agreement with WeGro Technologies Ltd, a Dhaka-based agri-tech startup, for the purpose of financial inclusion of marginal agricultural entrepreneurs.

Many organisations worldwide have embarked on their digital transformation journey through cloud adoption. Leading organisations in Bangladesh are also transforming their businesses rapidly through cloud adoption and by building digital enterprises.

The prices of essential goods sometimes go up in Bangladesh due to unscrupulous traders, resulting in suffering for consumers, said Tapan Kanti Ghosh, senior secretary of the commerce ministry, yesterday.

Energy Secretary Md Khairuzzaman Mozumder has been appointed as the new finance secretary, the public administration ministry said in a notice yesterday.

The Infrastructure Development Company Ltd (Idcol) has paid a dividend of Tk 70 crore to the government exchequer from its net profit of the last financial year of 2022.

The government has refixed prices at which it would buy sugarcane from farmers, raising hopes that it would encourage an increase in the crop’s cultivation across the country. 

Seven months have passed since the world bid adieu to 2022, but almost half of the listed non-bank financial institutions (NBFIs) in Bangladesh have not published their financial statements for the year, breaching securities rules. 

Square Toiletries Limited has cut the prices on a variety of its products as the related raw materials costs have decreased in the international market.

The internet regulator in Bangladesh is amending a guideline in order to double the duration of storing user data and network usage records by internet service providers (ISPs).

S&P Global on Monday cut credit ratings and revised its outlook for multiple US banks, following a similar move by Moody’s, warning that funding risks and weaker profitability will likely test the sector’s credit strength.

LankaBangla Finance Ltd has changed its name to LankaBangla Finance PLC, according to a Bangladesh Bank notice yesterday.

In recent years, Bangladesh has experienced a remarkable transformation in its digital landscape, with the proliferation of e-commerce platforms playing a pivotal role. These platforms not only facilitate online buying and selling but have also emerged as powerful vehicles for providing digital financial services, fostering financial inclusion and uplifting communities.