Excessive taxation barrier to affordable internet in rural areas: experts

The government's excessive taxation is the primary barrier to affordable internet access for rural communities in Bangladesh, experts said yesterday..When a mobile phone user buys a Tk 100 worth internet package, over Tk 60 goes directly into the government's pocket, they said..Since
16 January 2025, 15:10 PM

Rules relaxed to import 3 lakh tonnes of rice

50,000 tonnes of white rice will also be purchased from Pakistan
16 January 2025, 14:56 PM

Inflation biggest concern for Bangladesh in 2025: WEF

The World Economic Forum (WEF) releases Global Risks Report 2025
16 January 2025, 13:13 PM

DCCI wants lower interest rates for private-sector credit growth

The leading chamber also demanded a loan classification deadline extension by 3 to 6 months
16 January 2025, 12:27 PM

Food processors protest tax hike

They also urge govt not to raise gas prices
16 January 2025, 11:54 AM

Holding diploma not mandatory for bankers’ promotion: BB

Even bankers appointed or promoted before February 8, 2023, will be considered for promotion if they fail professional exams
16 January 2025, 11:38 AM

Navana Pharma to invest Tk 21 crore to set up herbal division

The new division will have 10,000 square feet area
16 January 2025, 11:05 AM

HC extends status quo on Nagad’s internal affairs 

The status quo will be in place until January 30
16 January 2025, 10:52 AM

VAT on e-books exempted to ease burden on students

Earlier, there was a 15% VAT at the import stage and 5% at the local stage
16 January 2025, 10:44 AM

Dhaka stocks up in early trading    

DSEX gained 6.31 points as of 11 am  
16 January 2025, 05:28 AM

BSC to sell two fire-damaged ships as scrap at Tk 50cr

The Bangladesh Shipping Corporation (BSC) has decided to dispose of its two fire-damaged oil tankers, “Banglar Shourabh” and “Banglar Jyoti”, for Tk 50.56 crore, including value-added tax (VAT) and taxes..The amount was offered by Chattogram-based shipbreaker Master & Brothers, the highest
15 January 2025, 18:25 PM

€14.45m deals signed with Germany for sustainability

Bangladesh and Germany signed three new technical cooperation agreements yesterday.
15 January 2025, 18:00 PM

Businesses express frustration for red tape, VAT hike

Businesspeople yesterday expressed frustration over bureaucratic red tape, increasing value added tax (VAT), and a recent proposal to raise gas prices, stating that these are barriers to fresh investment.
15 January 2025, 18:00 PM

NBR to reduce VAT on restaurants

The National Board of Revenue (NBR) is set to revise the value-added tax (VAT) on restaurants, reducing it from the standard rate of 15 percent.
15 January 2025, 18:00 PM

NBR moves to activate Bangladesh Single Window system

The National Board of Revenue (NBR) has announced that certificates, licences and permits (CLP) issued manually by seven state agencies will no longer be accepted for duty assessment and customs clearance from February 1.
15 January 2025, 18:00 PM

BB unearths fresh irregularities in Islami Bank

The banking regulator found the involvement of Md Abdul Jalil, independent director and executive committee chairman of the bank, in the loan irregularities.
15 January 2025, 18:00 PM

Lack of marine insurance coverage, awareness costing industry: expert

The maritime industry in Bangladesh is facing challenges due to outdated regulatory frameworks, limited access to specialised insurance products, and a lack of awareness among its stakeholders about the importance of comprehensive marine insurance coverage.
15 January 2025, 18:00 PM

Govt raises savings rates to cool inflation, woo investors

The interim government has increased interest rates on various national savings certificates to upwards of 12 percent in an effort to make these instruments more attractive to savers and to cool inflation.
15 January 2025, 18:00 PM

UK inflation dips, easing some pressure on government

Britain’s annual inflation rate unexpectedly fell to 2.5 percent last month, official data showed Wednesday, easing some pressure on the Labour government faced with economic unrest.
15 January 2025, 18:00 PM

Trump’s policies won’t push up inflation

Donald Trump’s policies are not likely to cause inflation to reignite as many analysts fear, one of the president-elect’s longtime economic advisers told AFP Tuesday, less than a week before Trump returns to the White House.
15 January 2025, 18:00 PM