Sukanta Halder

There is no new incentive for local industry development in the proposed fiscal budget

He also proposed keeping the duty in force until June 30 of 2025.

Now several companies, including Matador, Olympics, Econo, RFL Group and Meghna Group of Industries, manufacture pens in Bangladesh.

The prices of face wash items are likely to be increased as the government has proposed increasing tax on face cleansers in the national budget for 2023-24 fiscal year.

Finance Minister AHM Mustafa Kamal today proposed imposing 15 per cent customs duty on cashew nuts and 25 per cent on both fresh and dried dates.

Finance Minister AHM Mustafa Kamal today proposed doubling the property registration tax for the next fiscal year in order to increase the government’s revenue collection.

Finance Minister AHM Mustafa Kamal today proposed formulating rules for authorising tax return preparers (TRPs) in Bangladesh with a view to expanding the tax net by adding more individual taxpayers.

The government wants to keep the corporate tax rates unchanged for all sectors for the fiscal year 2023-24, said Finance Minister AHM Mustafa Kamal today.

Just a year ago, Aminur Rahman, a private sector employee living in Dhaka, could buy a moderate amount of essential goods, including rice, soybean oil, onions, salt and eggs, at Tk 553 from stores in Dhaka city

All outlets were supposed to be closed on June 18

Small wooden furniture businesses in Bangladesh are facing a deep financial crisis as the demand for their products has fallen drastically, according to market players.

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.

Sugar refiners of the country recently complained that some importers are under-invoicing their shipments of refined sugar in a bid to make more profit from higher prices of the sweetener.

Jiban Bima Corporation, a state-run life insurance provider in Bangladesh, witnessed steady growth for the past few years as its subscriber base has expanded even though customers lack faith in the industry.

More than Tk 160 crore owed by a number of e-commerce companies in Bangladesh for breaching the escrow system is still stuck in payment gateways, according to commerce ministry documents.

The Bangladesh Small and Cottage Industries Corporation (BSCIC) has taken up a project to enhance local salt production so that the country becomes self-reliant in meeting its demand for the seasoning.

As many as 19,623 complaints against 50 e-commerce companies involving about Tk 600 crore filed with the Directorate of National Consumer Rights Protection (DNCRP) are pending, leaving the customers in a state of limbo over their money.

Ginger prices have surged in Bangladesh as imports of the spice have become costlier amid the ongoing US dollar shortage and a recent global supply crunch resulting from lower production.

Potato prices have skyrocketed in Bangladesh amid a drop in production as farmers are increasingly turning to more profitable crops while poor weather conditions also lowered supply, according to market players.

Life insurance companies in Bangladesh have continued to put more than half of their investments in treasury bills and bonds in the absence of diversified investment opportunities, official figures showed.