Officials said suppliers of essential food commodities such as rice, wheat, potato, onion, maize, edible oil, salt and sugar face a two percent source tax on the proceeds from the supply of the commodities.

In July-April of 2023-24, the government paid $2.81 billion as principal and interests, which was $1.95 billion in the same period of the previous year, according to the data released yesterday by the Economic Relations Division (ERD).

However, the minister did not respond when journalists asked how the budget could be expansionary when it will increase by only four percent compared to the current budget.

All operational activities, including loading, unloading and delivery of cargo, were suspended at the Chattogram port yesterday morning as the port authority issued its highest security alert No 4 as a safety measure against Cyclone Remal.

Glass ampoule manufacturer Pharma Aids is going to purchase 103 decimals of land at a cost of Tk 11.38 crore with the aim of expanding its business and modernising its manufacturing unit.

Salman F Rahman, private industry and investment adviser to the prime minister, yesterday instructed the Bangladesh Investment Development Authority (Bida) to connect all investment-related services to its One Stop Service (OSS) as soon as possible.

Bangladesh should consider emerging markets that are growing at a healthy clip and offer growth opportunities to drive up exports instead of keep relying on traditional destinations, said Frederic Neumann, HSBC’s Chief Asia Economist and co-head of Global Research Asia.

Garment export to the European Union (EU) in the July-April period of the current fiscal year grew by 3.66 percent from that in the corresponding period of last fiscal year to reach $19.90 billion.

The key index of the Dhaka Stock Exchange plunged by 1,000 points in a span of three months as investors keep selling their holdings, fearing further deterioration of economic indicators.

The government is thinking about allowing again undisclosed money to be legalised and laundered money to be brought back home through formal channels in the next budget.

The Bangladesh Bank Officers’ Welfare Council will place their demand to the BB governor

The principal amount plus interest payments for foreign debt rose to $2.81 billion this year, up from previous year’s $1.95 billion

Finds a study conducted by former Bangladesh Bank governor Atiur Rahman

National Life Insurance Company’s board has recommended a 38 percent cash dividend for 2023 even though its profit declined

It will be supported by the recent improvement of the current account balance to modest surpluses partly reflecting ongoing import restrictions, narrowing financial account deficits as business uncertainties gradually ease following the conclusion of the general elections in January, it said.

Data by the finance ministry showed that the allocation for the pensions and interest payments account for 30 percent of the total social security programme fund of Tk 126,090 crore for the current fiscal year of 2023-24.

Dhaka Tower will boast an exhibition space extending to a height of 130 feet. On the top level will be a fine-dining restaurant, adjacent to a publicly accessible two-tier observation deck providing sweeping views of the metropolis and Hatir Jheel.

In Bangladesh, the tax-to-gross domestic product (GDP) ratio is not growing. Rather, the ratio is declining. Today, the country has one of the lowest tax-to-GDP ratios in the world.

Bangladesh’s stock market has never fallen into such a bad situation in terms of the narrowing of investment opportunities in the last 30 years, said Abu Ahmed, a stock market analyst.

Locally assembled cars and the range of electric vehicles (EVs) offered by Mercedes-Benz were the main attraction during the 17th Dhaka Motor Show at the Bangabandhu Bangladesh-China Friendship Exhibition Center on Friday.