Despite being the last budget before the next general election, the government has little scope to unveil a big spending plan for the next fiscal year owing to limited fiscal space driven by lower-than-expected revenue collection, a noted economist said.

For the first time, domestic air travellers are likely to face a travel tax while people going abroad on airplanes are expected to pay up to 67 per cent higher taxes from next fiscal year as the government looks to increase revenue collection. 

Conventional lenders in Bangladesh fell behind shariah-based banks in 2022 in terms of profit growth mainly due to the lower interest rate regime.  

Private sector credit growth in Bangladesh dropped to a 14-month low of 11.23 per cent in April owing to weak credit demand amid the current business slowdown, official figures showed.  

A girl who burned all of her academic certificates on a Facebook Live in frustration at not getting a job on May 23, Mukta Sultana, has been offered a job by State Minister for Information and Communication Technology Zunaid Ahmed Palak.

The income tax provision that requires companies to pay 0.6 per cent tax on their gross receipt even after losses is contradictory to the spirit of income tax law, said Mostafa Kamal, chairman and managing director of Meghna Group of Industries (MGI).

PHP Float Glass Industries, a concern of PHP Family, started manufacturing decorative glass at its existing facility in Mirsharai, Chattogram earlier this month. 

Unilever Bangladesh Limited (UBL) and the Bangladesh University of Engineering and Technology (Buet) have embarked on a collaborative journey to promote innovation and research.

Stocks listed with the Dhaka Stock Exchange (DSE) fell yesterday, breaking a two-day gaining streak as the investors went for booking profits.

Bo Lingam, group chief executive officer of AirAsia Aviation Group Limited, will come on a three-day official visit to Dhaka today.

The Insurance Development and Regulatory Authority (IDRA) has directed eight life insurers to increase their policy renewal rate after the second year of subscription to 70 per cent from 50 per cent at present.

Eastern Bank Ltd (EBL) inaugurated a “China Business Desk” at its head office in Gulshan yesterday to facilitate trade and banking services between China and Bangladesh. 

Steel manufacturing company GPH Ispat won “SDG Brand Champion Award-2023” in the category of Industry Innovation and Infrastructure for the introduction of B600C-R, the highest-strength rebar ever in Bangladesh.

Oil prices were steady on Monday after US leaders reached a tentative debt ceiling deal, possibly averting a default in the world’s largest economy and oil consumer, but concerns about further interest rate hikes capped gains.

The Asian Development Bank approved a $350 million loan on Monday for bankrupt Sri Lanka, buttressing an IMF bailout as the country battles its worst economic crisis.

Bangladesh Bank yesterday asked non-banks in the country to carry out a pre-audit before disbursing any fund amounting to Tk 1 crore and above so that loan irregularities can be tackled.

In theory and practice, imposed budgets are prepared from top-down direction, i.e., the resources committee sets the high-level budget (often just basic numbers), without collecting detailed information from operating staff. This total general target is then broken down into a detailed budget.

No bank in Bangladesh has ever made so much profit in a year

Bo Lingam, president (Aviation), Capital A and Group Chief Executive officer of AirAsia Aviation Group Limited, will arrive in Dhaka tomorrow on a three-day official visit

Turnover, however, remained unchanged