A new Customs Act 2023 will come into effect from June 6 this year aiming to enhance fiscal discipline, accountability in import revenue collection and trade facilitation

Apparel’s demand decreases among end consumers hit hard by high inflation, it says

The board of directors of the Asian Clearing Union (ACU) has advised its member countries to examine the possibility of using domestic currencies to facilitate cross-border payments

At present, the supply of liquefied natural gas has reduced to less than 700 million cubic feet a day (mmcfd) compared to the normal supply of around 1,100 mmcfd.

The tariff at the largest airport in Bangladesh is so high that buyers stay competitive even when their goods travel a distance of nearly 1,900 kilometres in trucks from the country to Delhi via Benapole and Petrapole.

The development has created panic among businesses as they apprehend difficulties in ensuring compliance with VAT and tax regulations when advertising directly with Meta.

Measured on a scale of 0-100, the index fell to 58.75 last year from 61.95 in 2022, according to the BBX 2023-24 launched yesterday by the Metropolitan Chamber of Commerce and Industry (MCCI) and the Policy Exchange Bangladesh (PEB). This is the third edition of the BBX.

Almost 60 percent of farmers in Bangladesh are unbanked, a businessperson shared yesterday.

In our subcontinent, outsmarting colleagues often translates to indulging in a bit of 'friendly' gossip, perfecting the art of boss buttering, seeking shortcuts to success, dabbling in office politics, and adopting a refined English accent for a select few.

After the IMF’s loan, the World Bank is now going to provide $500 million in budget support to Bangladesh, double from what it had initially planned, by the end of June, said finance ministry officials.

Seven large borrowers, including AnonTex, Crescent, Ratanpur, and S Alam groups, account for 57 percent of the total default loans at Janata Bank, highlighting the risks lenders face if a handful of firms eat up most of the credit.

The broad index of Dhaka Stock Exchange (DSE) bounced back yesterday on falling on the preceding two days.

Experts say at a seminar on “Doctors' dialogue on right to protein”

Smart agriculture practices can fuel farmers’ income by 40%, the leading chamber said in a seminar on smart agriculture

Summit LNG Terminal’s floating storage and regasification unit (FSRU) at Moheshkhali in Cox’s Bazar was hit by a stray broken floating pontoon during the peak of cyclone Remal on Monday, causing damage to the ballast water tank of the FSRU

Bangladesh’s business environment deteriorated slightly in 2023 compared with 2022, mainly because of sluggish regulatory reforms, weak infrastructure and difficulty in access to finance, according to the Bangladesh Business Climate Index (BBX) released today.

The interest rate of treasury bonds recently jumped to a 15-year high of 12.75 percent, indicating that government borrowing will become costlier in the months ahead.

Only 10 economic zones (EZs) have become operational since the Bangladesh Economic Zones Authority (Beza) rolled out its massive industrialisation plan in 2015, raising questions about whether its goal of setting up 100 enclaves will be materialised on time.

Bangladesh may receive $1.15 billion in the third instalment of the International Monetary Fund’s (IMF) loan in the last week of June, which will give a much-needed relief to the country’s dwindling foreign exchange reserves.

The National Logistics Policy for Bangladesh can play a pivotal role in developing a world-class, technology-driven, cost-optimised and time-efficient logistics ecosystem.