A lack of compliance is preventing the leather sector in Bangladesh from tapping its potential and expanding its footprint in the international market despite the availability of raw materials locally.

E-commerce purchases through cards bounced back in March as the total transaction value crossed Tk 900 crore for the first time since July last year, when a number of scams were unearthed in the sector.

Bangladesh is set to get its first exchange-traded funds (ETFs) in three months which would give a new product to investors and contribute to stabilising the stock market.

The National Board of Revenue (NBR) has been left with a target of collecting Tk 102,244 crore in the last two months of the ongoing fiscal year as it logged 69 per cent of its overall target until April.

The country’s apex trade body yesterday urged the Bangladesh Bank to take steps so that existing borrowers are not classified as defaulters until December this year.

Amid a US dollar crunch in the domestic market, many banks failed to comply with the exchange rates set by Bangladesh Bank a couple of days ago. 

Turnover at Dhaka Stock Exchange (DSE) dropped 23 per cent yesterday as several stocks failed to attract buyers with the circuit breaker’s lower limit fixed at 2 per cent. 

The country’s apex trade body today urged the Bangladesh Bank to take steps so that existing borrowers are not classified as defaulters until December this year.

The company will manufacture and sell generic pharmaceutical medicine in Kenya and East African Community (EAC).

Bangladesh is set to get its first ever exchange-traded fund (ETF) within three months that will give a new product to investors and contribute to stabilise the stock market.

Turnover at the Dhaka Stock Exchange (DSE) dropped 23 per cent today, but the index experienced a slight rise from the previous day.

The government should extend adequate policy support to tannery firms in Bangladesh and introduce a new refinancing scheme to help them make a comeback from the pandemic-induced business slowdown, according to a study paper and industry people.

On April 5, the revenue authorities held a draw of the lottery of sales receipts issued by the stores using electronic fiscal devices (EFDs).

The National Board of Revenue should accelerate the use of electronic fiscal devices (EFDs) and ramp up monitoring to eliminate non-compliance with a view to raising more value-added taxes using technologies, said former top taxmen and economists.

The stock market in Bangladesh started today on a positive note, building on the rise in the last three days.

The number of mobile network subscribers in Bangladesh rose for three consecutive months to reach an all-time high in April while internet usage slipped that same month.

Bangladesh set out for financial sector reforms in the 1980s.

Despite collecting lakhs of crores of taka in revenue, every time the government falls short of fund to finance the whole budget and has to take crores of taka in loan from local and foreign sources.

Bangladesh Bank has asked banks to convert major export earnings of businesses into taka immediately as it looks to increase the supply of US dollars in the economy.

The case for withdrawing the lending rate cap, set in motion more than two years ago, has strengthened after the Bangladesh Bank hiked its key interest rate for the first time in a decade to cool inflationary pressures.