Telecom operators and experts in Bangladesh yesterday demanded restructuring taxation in the sector, arguing that the rates in place are not only limiting the sector’s growth, but also potentially hindering the implementation of “Smart Bangladesh”.

Some 70% have already paid festival bonus, Industrial police say

Leather exports rose 9.8% year-on-year in Jul-Mar of FY24

The merger guideline for banks and financial institutions is being hailed as a major step towards fixing the problem in the financial sector, which has been weighed down by massive default loans and weak corporate governance.

Although banks in the country normally face a liquidity shortage due to cash withdrawals ahead of Eid-ul-Fitr each year, a majority of them have sufficient funds on hand this time around thanks to continuous liquidity support from Bangladesh Bank.

Onion seeds are often referred to as “black gold” by farmers in the Rajshahi region due to their dark shade and high market value. This stands true for the fact that when planting ran from October to early December last year, the seeds were sold at an average of Tk 5,000 per maund in the district, some 250 kilometres west of the capital.

On April 4, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government to pay attention to ensuring reasonable protection from customs tariffs for the sake of employment and promoting domestic industries, services and small and medium enterprises.

Telenor, the parent company of leading mobile phone operator Grameenphone, has a long-term commitment to the Bangladesh market.

Garment export to the United States, Bangladesh’s single largest market, is showing signs of a rebound on the back of a revival of the world’s largest economy, consumers opening up their wallets, and falling inflation.

Star Business Report.SM Mannan (Kochi), the newly elected president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), yesterday took the charge of the association as the president for 2024-26 tenure.

The police’s Detective Branch (DB) has arrested four syndicate members, including an outsourcing employee of the NID server, for embezzling Tk 30 crore from various banks by using counterfeit National Identity cards.

The price of gold in Bangladesh is set to break all previous records tomorrow as jewellers in the country today decided to further increase their rates for precious metal.

Additional Inspector General of Police Md Abu Kalam Siddique, the chief of Tourist Police, today said the attack in the hilly areas will not affect tourism sector

Prof Shibli Rubayat-Ul-Islam is likely to be reappointed as the chairman of Bangladesh Securities and Exchange Commission (BSEC) for another four-year term

Garment exports to the US declined 19.24% to $1.18 billion in January and February

As the darkness of night made way for the first light of day, a rhythmic hum echoed through the tranquil dawn in Jamalpur like a heartbeat.

As middle and low-income segments of society struggle against the backdrop of a severe cost-of-living crisis, the surge in aggregate demand ahead of Eid-ul-Fitr poses a further hurdle for many striving to celebrate the festival.

Ready-made garments workers today held a flag rally and labour assembly in Savar's Hemayetpur area demanding payment of their outstanding salaries and Eid bonuses equal to one month's salary

The central bank has already unveiled a framework to address vulnerabilities in the banking sector, rein in non-performing loans (NPLs) and punish wilful defaulters.

Bangladesh Development Bank Ltd (BDBL) will be merged with Sonali Bank while Rajshahi Krishi Unnayan Bank (Rakub) will be taken over by Bangladesh Krishi Bank (BKB), according to a central bank official.