Bangladesh needs to negotiate with the European Union (EU) over the trade threshold for enjoying the Generalised System of Preferences (GSP) Plus once it graduates from the least developed country category, said a noted economist on Wednesday.

The Indian rupee lost 1.5 per cent on Wednesday, suffering its biggest single-day fall in 20 months as the central bank mapped out plans for a massive government bond buying programme.

John Kerry, the special presidential envoy for climate of the United States, is coming to Dhaka tomorrow. Though his visit will be of short duration, it has long and important implications for Bangladesh’s effort to address the climate vulnerabilities and seek support for sustainable solutions at global levels.

Despite a bumper yield of watermelon in Barishal division, the top producer of the popular summer fruit, farmers and traders fear massive losses because of the new containment measures aimed at curbing the rise in coronavirus infections.

The National Board of Revenue (NBR) has rejected a plea of Dhaka Club for a waiver of Tk 33.7 crore in unpaid value-added tax (VAT) and supplementary duty (SD).

Dutch development bank FMO has invested $50 million in Brac to accelerate innovations that impact the lives of underserved and marginalised people.

The Bangladesh Securities and Exchange Commission (BSEC) yesterday lifted the floor price for 66 listed companies as it moved to put an end to its efforts to stop shares from any freefall.

Despite taking aggressive measures to import rice in the last three months, the government has so far failed to replenish the country’s depleting grain stocks.

An acute gas crisis has continued to severely impact production in textile and garment factories not only in Narayanganj and Narsingdi but also in the country’s largest industrial belt of Gazipur and Maona.

Key contributors to the economy such as small and medium enterprises, farmers and lower-income professionals had gone through their worst-ever crisis because of the first wave of the coronavirus pandemic.

In Thailand, it’s the all-important tourism sector that has jumped to the head of the Covid-19 vaccination line, with the country’s most popular resort island embarking on a mass inoculation programme two months ahead of the rest of the country.

Bangladesh is unlikely to reduce incentives on exports of jute goods, Commerce Minister Tipu Munshi said yesterday.

Banks can now declare a maximum of 30 percent dividend including 15 percent cash for shareholders after meeting the compliance requirements of Bangladesh Bank.

Bangladesh’s steel export, mainly semi-finished casting products, leaped 82.91 per cent year-on-year during the July-January period of the ongoing fiscal, interestingly coinciding with the ongoing pandemic-induced economic slowdown.

For the first time, the National Board of Revenue (NBR) held a lottery today with the receipts generated through electronic fiscal devices (EFDs) against purchases made by consumers from stores.

A postgraduate in Accounting from the University of Dhaka, Mr. Mamoon Mahmood Shah started his banking career as Probationary Officer of IFIC Bank Ltd. Mr. Mahmood joined NRB Bank Limited as Additional Managing Director in 2019. He has to his credit a wide range of banking experience of more than 30 years which includes serving in key positions in a number of both local and multinational banking institutions such as EBL, HSBC, Standard Chartered, ANZ Grindlays, etc. He also held the position of MD & CEO of ICB Islamic Bank, National Finance Ltd., and GSP Finance.

Earnings from merchandise exports fell 4.99 per cent year-on-year to $3.43 billion in January because of slower recovery of garment shipment from the pandemic-induced business slowdown, official data showed yesterday.

The World Bank will provide Bangladesh with USD 500 million for developing rural connectivity, market, and logistic infrastructure in light of the economic prospect created with the construction of the Padma Bridge.

Import and export between Bangladesh and India through the Benapole land port have been suspended since this morning due to a strike called by Petrapole port workers.

Bangladesh Commerce Minister Tipu Munshi today demanded that Pakistan withdraws the anti-dumping duty on export of hydrogen peroxide for greater bilateral trade between the two countries.