The Dhaka Chamber of Commerce & Industry (DCCI) yesterday urged the government to cut the corporate tax rate by 2.5 percentage points in the next fiscal year to align it with the regional average rate.

Cotton production in Bangladesh has been low as farmers prefer other cash crops to the white fibre, completely missing out on at least a $3 billion domestic market.

Bank Asia virtually held a daylong “Annual Business Meet 2022” at Bank Asia Tower in Kawran Bazar, Dhaka on Saturday.

Brac Bank has employed 80 graduate candidates under its recruitment initiative “Young Leaders’ Programme” (YLP) as a part of its business expansion plans to recruit 2,000 more people from public and private universities in 2022.

Pubali Bank has been presented a “Top Ten Remittance Award 2022” by the Centre for NRB, a non-profit research organisation for non-resident Bangladeshis, for its contribution in collecting remittance.

Stocks listed on the Dhaka Stock Exchange (DSE) yesterday stretched their gaining streak to four days straight as general investors continue to engage in a buying spree.

Profits of listed biscuit makers plunged year-on-year in the last October-December period owing to a rise in raw material prices.

Adnan Fibre Ltd, a Bangladeshi company, is going to establish a backward linkage industry in Ishwardi Export Processing Zone (IEPZ).

Stocks in Dhaka continued to rise for the fourth consecutive day today amid the buying spree among the general investors.

The commerce ministry today launched the digital business identification (DBID) for the e-commerce companies with a view to check irregularities in the sector.

Gold smuggling continues to remain as a big challenge while imports remain lukewarm in spite of all the government policy support to encourage entry of the precious metal through formal channels, said the revenue authority’s chief yesterday.

Foreign investors expect hassle-free, ready-to-use industrial setups, which the country’s leather sector, especially footwear and associated goods, lacks, says Md Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI).

Vast swathes of cropland in the northern districts have been affected due to water-logging caused by rainfall that lasted from Friday morning until early the next day, with farmers apprehending losses.

Bangladesh’s wheat consumption is forecast to rise 6 per cent to 84 lakh tonnes in the marketing year (MY) beginning from July as demand of households, restaurants and the bakery industry has increased, said the US Department of Agriculture (USDA) in a recent report.

Construction companies and raw material producers in a meeting with the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) recently decided to meet on a quarterly basis to maintain stability in the construction sector.

Bangladesh Bank’s efforts to rein in runaway imports through the depreciation of the taka have hardly brought any impacts as the demand for US dollars has kept soaring to feed the economy rebounding from the coronavirus pandemic. 

The government is going to introduce smart cards for farmers with an aim to provide area-based and demand-based agricultural services.

A top footwear manufacturer is setting up a shoe industrial park, the first of its kind in Bangladesh, to supply import substitute raw materials and accessories to producers, boost exports and attract foreign investment.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the Bangladesh Economic Zones

Bangladesh Bank has awarded 22 of its officials for their outstanding performance for 2019.