Bangladesh Bank yesterday gave the green light to rollout contactless debit and prepaid cards with a view to push digital transactions in the country.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday urged the government to revisit the VAT law of 2012, calling it too complicated than the VAT law of 1991.

Bangladesh is likely to adopt a neutral stance at the World Trade Organisation (WTO) where some of its major global trading partners have issued condemnations over the Russian aggression on Ukraine in collaboration with Belarus.

The pharmaceuticals sector in Bangladesh displayed the fastest growth in profit between 2015 and 2020 as more people, armed with rising purchasing power, afford more healthcare products.

The National Board of Revenue (NBR) has extended the value added tax (VAT) exemption benefit for lift manufacturing for three years until June 30 of 2025 to encourage domestic assembling of elevator.

State Minister for Labour and Employment Begum Monnujan Sufian today submitted the ratification instruments of the International Labour Organisation’s Minimum Age Convention, 1973 (No. 138) at the ILO headquarters in Geneva.

Stocks entered a second session of decline while market turnover remained low yesterday as people are shaky about making investments amid the rising cost of living and production in Bangladesh.

Inflation is rising in Bangladesh as it is in several advanced and emerging economies. Increased headline inflation in February was driven by a spike in food inflation. The 12-month moving average inflation has been on an upward trend since the November 2019 to October 2020 period.

The jute industry in Rangpur is facing collapse as four small mills in the region have shut down while others may follow suit at any time after being compelled to shrink production due to multiple issues.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is expected to propose making it compulsory for people to submit their tax identification number (TIN) and tax payment documents for taking various government services.

Inflation in Bangladesh jumped to 6.17 per cent in February, the highest in 16 months, driven by soaring costs of foods, further eroding the purchasing capacity of consumers.

Bangladesh has continued to witness a rise in the number of broadband connections with the severity of the pandemic waning remarkably while mobile operators have been losing internet subscribers in recent months.

Food processors in Bangladesh have either cut the size of packs or increased prices to absorb the surging cost of raw materials, handing a blow to end customers already struggling amid higher inflation.

Nagad and Dhaka North City Corporation (DNCC) signed a memorandum of understanding on Sunday enabling paying holding tax and new licence-related fees through the mobile financial service provider.

Md Ataur Rahman Prodhan, chief executive officer and managing director of Sonali Bank Ltd, has been re-elected as chairman of Primary Dealers Bangladesh Ltd (PDBL) for a one-year term.

Mechanisation in agriculture is very crucial for Bangladesh to maintain food sufficiency as the government aims to ensure that no one goes hungry, said Agriculture Minister Muhammad Abdur Razzaque yesterday.

Inflation hit a 16-month high in February driven by soaring costs of essential foods ranging from staple food rice, edible oil, vegetables to protein items.

Stocks continued to drop for the second consecutive day today as investors are shaky to pour money into the market when the banking deposit rate was in an upward trend.

Bangladesh has ratified the much-talked about International Labour Organisation (ILO) Convention 138 to fix the minimum working age for any person at 14 years.

The value added tax (VAT) on beauty parlour services will not be reduced in the upcoming national budget, announced National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem yesterday.