15 June 2023, 11:27 AM

Electrical, electronic goods export surges

The shipment of electrical and electronics goods from Bangladesh displayed an impressive growth of 48 per cent in July-May of the outgoing financial year on the back of improving product quality and government support, official figures showed.
15 June 2023, 02:00 AM

Advanced income tax should be abolished

The advanced income tax (AIT) should be abolished as the National Board of Revenue’s overall capacity to realise taxes has expanded, according to Planning Minister MA Mannan.
14 June 2023, 18:00 PM

Foreign investors worried over income tax law provisions

Foreign investors in Bangladesh yesterday expressed concern over some provisions of a proposed income tax law alongside measures, including one on increasing the minimum tax on carbonated beverage makers. 
14 June 2023, 18:00 PM

BB frames rules for setting up digital banks

The Bangladesh Bank yesterday approved the guideline on digital banks, paving the way for establishing branchless banking operations, a development that is expected to accelerate cashless transactions and digital transformation.
14 June 2023, 18:00 PM

UNDP, H&M join hands to tackle climate change

Swedish retail giant H&M has signed a deal with the United Nations Development Program (UNDP) Bangladesh to work together to tackle effect of climate change and help the country achieve the sustainable development goals (SDGs).
14 June 2023, 18:00 PM

StanChart teams up with brands for Eid offers

Standard Chartered has partnered with leading retail, travel and dining brands so the bank can offer its customers a wide range of special privileges catering to their every need to make the lead-up to Eid-ul-Azha more joyous.
14 June 2023, 18:00 PM

Tech entrepreneurs should lead digital banking

Tech entrepreneurs have expressed strong dissatisfaction and concern over the lack of consultation with them in formulating the digital banking guidelines.
14 June 2023, 18:00 PM

Mushroom production trebles in 12 years

Mushroom production in the country has increased almost three times in the last 12 years thanks to technological innovation and reductions in production costs, according to the agriculture ministry documents. 
14 June 2023, 18:00 PM

The story of the dollar

The fascinating story of the dollar has taken a new turn that is widely known as de-dollarisation. Countries are cutting their reliance on the US dollar as the reserve currency, the primary medium of exchange and the unit of account.
14 June 2023, 18:00 PM

Duty hike to destabilise elevator, escalator market

The Bangladesh Elevator Escalators and Lift Importers Association (BEELIA) yesterday demanded the withdrawal of the proposed duty on imports of elevators and escalators in the national budget for fiscal year (FY) 2023-24.
14 June 2023, 18:00 PM

Cut customs barriers for more Japanese investment

Bangladesh needs to improve on cumbersome government approval procedures, customs clearance delays, restrictions through customs duty and processes for receiving remittance to attract more Japanese investment, said Iwama Kiminori, Japanese ambassador to Bangladesh, yesterday. 
14 June 2023, 18:00 PM

'Cut red tape, customs delays to attract more Japanese FDI'

Japanese ambassador says at JBCCI, Jetro seminar
14 June 2023, 15:31 PM

Growers beam with joy as off-season watermelons fetch higher prices

Growers in Tangail have big smiles on their face as their off-season watermelons are fetching higher prices since demand has been good owing to the sweltering heat. 
14 June 2023, 02:40 AM

Digital divide points to disparity in rural-urban internet access

The digital divide continues to exist in Bangladesh underscoring disparities in internet access between rural and urban areas, while gender digital divide also worsened.
14 June 2023, 02:30 AM

New law offers scope to strike off TIN-holders

For the first time, the National Board of Revenue (NBR) has sought to grant opportunity to individuals and companies to de-register or make their taxpayer identification number (TINs) dormant owing to no taxable income and dissolution.
14 June 2023, 02:20 AM

Deposit growth rises, loan growth falls

The deposit growth in the banking sector of Bangladesh rose in the first quarter of 2023 from a quarter ago as businesses prefer to park funds with lenders instead of making investments amid the ongoing economic slowdown and uncertainty.  
14 June 2023, 02:10 AM

How will new tax law impact individual taxpayers?

The proposed Income Tax Act includes 43 service receivers to submit proof of tax filing and if the taxable income does not exceed the tax-free threshold, they have to pay a minimum tax of Tk 2,000.
13 June 2023, 18:00 PM

TCB to sell rice to family cardholders

For the first time, the Trading Corporation of Bangladesh (TCB) will sell rice at subsidised rates along with oil, sugar and lentils to one crore family cardholders from the next month, Commerce Minister Tipu Munshi said yesterday.
13 June 2023, 18:00 PM

Deepen structural reforms

Bangladesh needs to manage the economy carefully and deepen structural reforms to deal with lingering external pressures, a top official of the World Bank said yesterday. 
13 June 2023, 18:00 PM