The government yesterday announced that it would allow onion imports to reduce the suffering of lower-income groups amid ongoing inflationary pressure, according to an official of the agriculture ministry.

ICT trade bodies yesterday termed the proposed budget inconsistent with the government’s Smart Bangladesh vision, demanding withdrawal of VAT on software development and import duty on crucial software.

Opec and its allies met on Sunday to try to agree further cuts in production, sources told Reuters, as the group faces flagging oil prices and a looming supply glut.

Eastern Bank Ltd (EBL) has arranged a startup financing programme to disburse Tk 1 crore in favour of ShareTrip, a travel booking site of the country.

AirAsia Aviation Group Limited yesterday launched its Thai AirAsia sales office in Banani in the capital.

The income tax law explains the issue

Experts say at a seminar

Brokers, merchant bankers say about proposed FY24 budget

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), added 10 points, or 0.16 per cent, to 6,366.

Shipments rose 26.6% year-on-year to hit $4.84 billion

State-owned enterprises (SOEs) in Bangladesh will likely incur collective losses of Tk 14,703 crore in the coming fiscal year, according to the finance ministry.

Sugar prices have risen at the wholesale level amid speculations that import costs could go up seeing how the National Board of Revenue (NBR) has not extended duty benefits for importing the sweetener.

Valuation of properties when determining surcharge on net minimum wealth should be based on current market value, not their purchase value, according to research and advocacy platform the International Business Forum of Bangladesh (IBFB). 

The government’s move to set up a digital bank and develop a machine learning and artificial intelligence-based credit rating system will bring a positive change in the banking sector, said Syed Mahbubur Rahman, managing director of Mutual Trust Bank Limited (MTB). 

The national budget for the upcoming fiscal year did not offer solutions to the multiple challenges facing the industrial sector, said the Bangladesh Chamber of Industries (BCI) yesterday.

Uninterrupted supply of energy is the main demand of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), as it has a significant impact on the industrial sector. 

The government has set a higher fiscal deficit and thus a loftier bank borrowing goal to finance the shortfall in the proposed budget but the targets are inconsistent with the aim of bringing down the average inflation to 6 per cent.

Manufacturers of cancer medicines will be able to sell the lifesaving drugs at reasonable prices after the National Board of Revenue (NBR) extended duty-free import benefits to 100 more raw materials used to make such products.

Mobile financial service provider Nagad has welcomed a government move in the budget for fiscal year 2023-24 to increase the social safety net allocation. 

Partex Star Group recently signed a memorandum of understanding (MoU) with the Bangladesh University of Engineering and Technology (Buet).