Local cosmetics makers have warned that the industry faces an uncertain future unless stricter controls are introduced to stop smuggling and misdeclared imports.

The finance ministry yesterday sent four top officials of the National Board of Revenue (NBR) into retirement on ‘public interest’.

Bank branches, booths, hotels, and gift shops are now formally allowed to apply to the central bank for a limited money changer licence by paying a Tk 50,000 fee..In detailed guidelines on the matter issued yesterday, the central bank stated that it has permitted certain entities to operat

Local banks can now lend up to 60% of project cost to foreign firms

The Anti-Corruption Commission (ACC) has initiated another formal inquiry into allegations of corruption and irregularities, including illegal amassing of wealth, abuse of authority, and favouritism, against five more senior officials of the National Board of Revenue (NBR).

Eleven more banks that were hit by irregularities and scams during the Awami League government’s tenure are set to undergo an asset quality review (AQR) by global audit firms.

NBR officials’ work abstention hampering export, import activities, they say

Energy Adviser Fouzul Kabir Khan will head the panel

The lowest price payable for a broadband internet connection needs to be Tk 800, not Tk 400 as per a policy drafted recently, said service providers, offering to reciprocate by raising the minimum speed to 50 Mbps..The Bangladesh Telecommunication Regulatory Commission (BTRC) has decided t

Finance ministry sits with different banks to find ways to boost investment in stock market

The interim government has finally scrapped the controversial provision allowing the legalisation of undisclosed income through the purchase of apartments and land in the upcoming fiscal year.

The business process outsourcing (BPO) industry in Bangladesh, once known solely for voice-based customer service and back-office support, is cautiously but steadily embracing artificial intelligence (AI) to stay relevant in an evolving global market...This shift was evident at the r

Finance Adviser Salehuddin Ahmed has defended the interim government’s conservative budget strategy, pushing back against economists’ criticism that it follows an “old road”..“A highway is born out of the old road. Every new highway begins as a rural path,” Ahmed said yesterday, after the

This time, they will observe the strike for three hours beginning at 9 am on June 23

The draft has already been sent to the task force committee

He says at a press briefing at the ERF

The interim government has planned to nearly double its public food storage capacity to 37 lakh tonnes in the next fiscal year.

The depositors of the International Leasing and Financial Services Limited (ILFSL) have urged the Bangladesh Bank to intervene so they can recover their money.

Disbursement of agricultural credit by scheduled banks surged significantly month-on-month in April, although it was slightly lower than that in the corresponding period of last year..According to a report by the Bangladesh Bank, banks disbursed a total of Tk 3,239 crore in agricultural lo

If a company gets listed, it will enjoy tax benefits, and this is one of the major incentives for them to go public..However, the government’s frequent policy changes have disheartened listed firms many times, as they faced higher tax rates once they got listed..It gave a clear, nega