Bangladesh Bank (BB) has reduced the daily cash reserve requirement (CRR) for banks to enable them to manage liquidity more easily.

Contactless payments, or tap-to-pay transactions, more than doubled to 13 percent of all transactions in Bangladesh in 2024 through Visa, a leading global digital payments provider, according to a new report.

The transportation of containerised goods via freight trains across the country declined by more than 9 percent year-on-year in the fiscal year 2023-24 due to a shortage of locomotives and railway staff.

Two leading business chambers yesterday demanded the cancellation of a Tk 36 lakh cap on cash expenses to qualify for lower corporate tax rates, calling the requirement impractical.

Tapan Chowdhury, managing director of Square Pharmaceuticals, has expressed his intention to purchase 15 lakh shares of the company—the largest drug producer of the country—valued at over Tk 32 crore at the current market price.

Bangladeshi citizens were burdened with some of the highest taxes on internet usage in Asia in 2024, with a combined tax rate of 39 percent on internet services, according to a recent report by GSMA, a non-profit organisation that represents the interests of mobile network operators worldwide.

Bangladesh does not need funds from the International Monetary Fund (IMF) if it can mobilise enough domestic resources, said Bangladesh Bank Governor Ahsan H Mansur, as he stressed that the country requires the right policies rather than “begging for foreign funds”.

Bangladesh’s exports have shown resilience, displaying steady growth in key sectors such as garments, plastics and seafood in the first eight months of fiscal year (FY) 2024-25, somewhat defying global economic headwinds and domestic concerns like high inflation and political uncertainty.

Indian exports are facing mounting pressure from aggressive trade policies by partners such as the United States and the European Union, a senior trade ministry official said on Tuesday.

Bangladesh Bank (BB) has reduced the daily cash reserve requirement (CRR) for banks to enable them to manage liquidity more easily.

Md Mamunur Rashid and Irfan Uddin have been elected senior vice president and general secretary, respectively, according to a press release.

"The country’s financial position is strong. The only weak area is the revenue budget, and the solution lies in improving revenue generation," he said.

Today, the Appellate Division stayed for three weeks the High Court orders that had, on January 15, halted the BSEC decision to appoint the independent directors. 

Bangladesh earns $3.97 billion from exports in the second month of the year

663 unique investors participate in the long-term bond

The benchmark index of the premier bourse fell by 0.09 percent to 5,215.61 points as of 11:52 am

The tax authority has reduced the tax at source on the import of raw materials for the manufacture of cancer-related drugs, a development that is expected to reduce production costs and prices.

Amid high prices and a shortage of bottled soybean oil, the National Board of Revenue (NBR) yesterday exempted traders from value-added tax (VAT) on locally produced edible oils, including mustard, sunflower, rapeseed, canola, and rice bran oils, in a bid to stabilise the domestic market.

Maize, a little-known crop three decades ago, continues its triumph over wheat, paddy and other crops due to its higher yield and profitability.

Investors in the Beximco Green Sukuk al-Istisna are increasingly worried about recovering their principal amount after the conglomerate ran into a series of troubles following the political changeover in August last year.