People can no longer operate e-commerce businesses in the country without having a digital business identification (DBID) number, which can be availed even without a trade license given that the entity has an official website or social media page, according to new guidelines in this regard.

China’s factory and service sectors snapped three months of activity decline in June, business surveys showed on Thursday, as authorities lifted a strict Covid lockdown in Shanghai, reviving output and consumer spending.

Sri Lanka should stamp out corruption and substantially raise taxes to rescue its economy, the International Monetary Fund said Thursday after bailout talks with the bankrupt island nation.

Parliament today (June 30, 2022) passed the Tk 678,064 crore national budget for the fiscal year 2022-23, with the theme “Return to the Path of Development Leaving the Covid-19 Behind” to overcome the impact of coronavirus pandemic and Russia-Ukraine war on the economy.

The prolong in Russia-Ukraine war, energy crisis and increasing inflation are likely to rein in Bangladesh’s present export momentum to Germany in the days to come, German Ambassador to Bangladesh Achim Troster said.

A key objective of issuing a monetary policy statement on the eve of the new fiscal year is to provide forward guidance to the public about the likely future course of monetary policy. When credible, individuals and businesses use this information in making decisions about spending and investments.

The government today signed a $515 million financing agreement with the World Bank to help 9 million people get access to reliable electric supply while transitioning to clean energy.

The government should reconsider its decision to make it mandatory for small and medium businesses to submit proof of income tax return in case of loans of Tk 5 lakh or more, the SME Foundation said today.

Grameenphone said the telecom watchdog’s latest ban on SIM sales is unexpected and the operator will take its next course of action after assessing the regulator’s letter related to the bar.

E-commerce entrepreneurs today urged the government to provide them with bank loans by taking into account their digital business identification (DBID) in place of trade licences.

Remittance inflow may rebound significantly in Bangladesh in 2022-23 fiscal year as increased number of people flew abroad for jobs, Bangladesh Bank (BB) Governor Fazle Kabir said today.

Shares on the Chittagong Stock Exchange (CSE) fell today, breaking the three-day gaining streak.

Shares on the Dhaka Stock Exchange opened marginally higher today, building on the gains in the last three days, reflecting investors’ expectations that the central bank would come up with a monetary policy that would support the market.

Mango exports from Bangladesh touched a new high in the outgoing fiscal year thanks to increasing interest among growers and exporters to ship the juicy fruits abroad, official figures showed. 

Naogaon has joined the ranks of Rajshahi, Chapainawabganj and Dinajpur as a major export hub for mangoes with locally grown varieties of the fruit now making their way abroad after satisfying domestic demand.

Despite its push for financial inclusion, Bangladesh has remained one of the top seven countries with a sizeable part of the population unbanked, according to a Work Bank survey. 

Central banks globally are struggling to contain inflation even after raising their key interest rates. And although Bangladesh is experiencing a similar situation, the monetary instrument is largely ineffective in the country because of the 9-per cent lending cap. 

Bangladesh Investment Development Authority (Bida) and the Institute of Chartered Accountants of Bangladesh (ICAB) have signed a memorandum of understanding recently, enabling Bida to use a document verification system of the ICAB to verifying the authenticity of audited financial statements of different entities. 

Dhaka Bank has recently re-elected the chairman of its board of directors. 

Shares on the Dhaka Stock Exchange (DSE) ended in positive territory for the third consecutive day yesterday despite lower turnover.