No shortcut in audit standards

Bangladesh is witnessing a growing debate over who should be legally authorised to conduct audits. As someone qualified as both a chartered accountant (CA) and a cost and management accountant (CMA) from India, I value both professions.
23 June 2025, 18:00 PM

Govt borrowing from domestic sources surges

Government borrowing from domestic banks and non-bank sources rose 55 percent year-on-year during the July-April period of the fiscal year (FY) 2024-25, due mainly to weaker foreign loan disbursements and poor tax collection.
23 June 2025, 18:00 PM

NBR officials announce nationwide shutdown from Saturday

Officials of the National Board of Revenue (NBR) have threatened an indefinite nationwide shutdown from Saturday unless the NBR chairman is removed and recent transfer orders for revenue officials are revoked.
23 June 2025, 18:00 PM

Iran-Israel conflict's impact on Bangladesh limited until now: BRAC EPL

The local brokerage house analysed seven global events to assess their impacts on Bangladesh’s stock market
23 June 2025, 12:16 PM

Robi appoints new CEO

Ziad Shatara, former Banglalink CEO, appointed Robi Axiata MD and CEO effective September 1
23 June 2025, 11:38 AM

Bangladesh signs $400m budget support deal with AIIB 

Government secures $400 million AIIB loan for climate resilient inclusive development program
23 June 2025, 11:13 AM

Scope for whitening black money goes

The interim government has finally scrapped the controversial provision allowing the legalisation of undisclosed income through the purchase of apartments and land in the upcoming fiscal year.
22 June 2025, 18:12 PM

Stocks drop 1.6% amid global tensions

The stock market in Bangladesh plunged by over 1.6 percent yesterday, mainly due to investor apprehensions over news of the US joining Israel in bombing Iran.
22 June 2025, 18:00 PM

Salehuddin defends budget, says a ‘highway is born out of an old road’

Finance Adviser Salehuddin Ahmed has defended the interim government’s conservative budget strategy, pushing back against economists’ criticism that it follows an “old road”.
22 June 2025, 18:00 PM

Deep uncertainty stalls businesses

The country’s business climate is weighed down by a deep shadow of uncertainty, economist Hossain Zillur Rahman said yesterday, warning that the stagnation is slowing economic progress.
22 June 2025, 18:00 PM

Why local garment industry must go nano

The rhythmic clatter of sewing machines may still define Bangladesh’s garment factories, but in the near future, that familiar sound could fade beneath the shimmer of self-cleaning fabrics and the quiet of nanotechnology at work.
22 June 2025, 18:00 PM

No cut in corporate tax for non-listed firms

The interim government has kept the corporate tax rate for non-listed firms unchanged at 27.5 percent for fiscal year 2025-26, despite repeated demands from entrepreneurs and business chambers to reduce the tax, especially for those transacting through banking channels.
22 June 2025, 18:00 PM

Ministry opts to hand over New Mooring Container Terminal to CPA

The authorities have decided in principle to let the Chittagong Port Authority (CPA) take charge of the New Mooring Container Terminal (NCT) for six months amid opposition from major political parties to appointing a foreign operator.
22 June 2025, 18:00 PM

BPO industry slowly embracing AI

The business process outsourcing (BPO) industry in Bangladesh, once known solely for voice-based customer service and back-office support, is cautiously but steadily embracing artificial intelligence (AI) to stay relevant in an evolving global market...This shift was evident at the r
22 June 2025, 16:32 PM

Salehuddin defends budget, says 'a highway is born out of an old road’

Finance Adviser Salehuddin Ahmed has defended the interim government’s conservative budget strategy, pushing back against economists’ criticism that it follows an “old road”..“A highway is born out of the old road. Every new highway begins as a rural path,” Ahmed said yesterday, after the
22 June 2025, 15:37 PM

Dhaka stocks drop 1.6% amidst global tension

The DSEX plummeted 76 points to 4,677 to close trading
22 June 2025, 13:55 PM

Corporate tax for non-listed firms unchanged at 27.5%

Lower tax benefit only for firms offloading minimum 10% shares via IPO or direct listing
22 June 2025, 12:43 PM
22 June 2025, 10:54 AM

WB approves $500m for governance, financial reforms

The World Bank (WB) yesterday approved $500 million in financing to enhance trust in Bangladesh’s public institutions through increased accountability and transparency.
21 June 2025, 18:05 PM

Do we learn anything from loan failures?

Despite having spent more than three decades in the financial sector, I faced the real test as a credit officer when I was appointed head of restructuring and recovery at Standard Chartered Bank. This was particularly so during audit, portfolio review and due diligence assignments following the Asian financial meltdown in 1997, in East Africa, Greater China and Europe.
21 June 2025, 18:04 PM