Growth in tax collection has slowed due to falling receipts from customs amid import tightening by the Bangladesh Bank coupled with lower corporate earnings as the economy continues to reel from the ongoing US dollar and gas crises.

Wheat flour prices marked a fresh spike yesterday as the market continues to suffer from a supply crunch resulting from slumping imports of the grain.

Bangladesh may witness slower economic growth in the coming future if it retains the consumption-led growth, which will also exacerbate the widening inequality, said a development economist yesterday.

Associated Oxygen Limited reported a 16.35 per cent year-on-year decline in profit to Tk 4.50 crore in the July-September quarter of 2022.    

ACI Ltd yesterday said it agreed to sell its stakes in Tetley ACI Bangladesh Ltd (TABL) at Tk 10.61 crore to its joint venture partner Tata Consumer Products (TCP).

In the third step, Abdul Karim has provided information about the investment of Tk 200,000 to avail the tax rebate. But in assets and liabilities statements, he shall give total assets and liabilities as of 30 June 2022 from where he will discover how wealthy he is.

Water transport workers have gone on a strike demanding a pay hike, suspending unloading of imported goods at the Chattogram port’s outer anchorage and their subsequent transportation across the country since the early hours of yesterday.

World Health Organization (WHO) has recognised the quality of products manufactured at Renata’s Rajendrapur Potent Product Facility to be of an international standard, enabling the pharmaceutical company to sell birth control pills abroad. 

NCC Bank has launched a Shariah-based Islamic banking service, “NCC Islamic Banking”. 

Bank Asia celebrated its 23rd founding anniversary at Bank Asia Tower in Dhaka yesterday. 

Midland Bank launched an MDB Virtual Visa Prepaid Card at the bank’s head office in Dhaka yesterday.

Md Habibur Rahman Gazi has joined Bangladesh Development Bank Limited (BDBL) as its new managing director (MD) and chief executive officer.

AB Bank has won awards in three categories at Mastercard Excellence Awards 2022 in Dhaka recently. 

Samata Leather Complex Ltd suffered losses in the financial year that ended on June 30.    

All indexes of the Dhaka Stock Exchange (DSE) rose yesterday although most of the shares did not see any activity due to poor participation of investors amid the persisting economic uncertainty.

Local businesses want the government to start the negotiation with Canada to sign the free trade agreement (FTA) in order to retain the duty-free market access in the North American nation.

World Health Organization (WHO) has recognised the quality of products manufactured at Renata’s Rajendrapur Potent Product Facility to be of an international standard, enabling the pharmaceutical to sell birth control pills abroad. 

All indexes of the Dhaka Stock Exchange (DSE) rose today although most of the shares did not see any activity due to poor participation of investors amid the deepening economic crisis.

Islami Bank Bangladesh has been the “Strongest Bank in Bangladesh” and the “Strongest Islamic bank in Bangladesh” in 2022 according to Singapore-based banking and financial intelligence platform The Asian Banker. 

When I attend a banking forum, junior bank executives often ask me: “What did I learn out of so many credit inspections across the world? How could we avoid loan losses?”