Stocks regained yesterday, breaking a two-day losing streak thanks to the buying spree of investors.

Every year, the last week of November sees a mad rush of individual taxpayers at the tax offices and tax fairs. The reason is obvious: the final deadline to file annual income, expenditure and wealth statements without penalty is November 30, termed as Tax Day.

Bangladesh’s private sector credit growth decelerated to 7.55 per cent in May, the lowest in at least 28 years, due to the depressed demand for loans amid the Covid-19 pandemic.

Around eight years past being constructed by the Chittagong Port Authority (CPA), one of the four lighter jetties started undergoing trial operations yesterday.

Debt-ridden micro-businesses and informal workers in Bangladesh are staring at new economic distress as incomes evaporated because of the ongoing strict lockdown, which could impose an additional financial burden on them and deepen their plights.

Government officials, lawyers, engineers, owners of construction companies, private clinics and doctors mostly whitened their undisclosed wealth last fiscal year.

Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijing’s clampdown on overseas listings by domestic firms, according to three sources with direct knowledge of the matter. 

The government should develop a progressive tax system that ensures the efficient redistribution and use of resources to address inequality in the country, according to speakers at a webinar.

Online marketplace Daraz Bangladesh recently witnessed the appointment of a new chief corporate affairs officer.

Workers of a garment factory in Narayanganj today blocked Dhaka-Sylhet and Dhaka-Chattogram highways for six hours, demanding salaries and other arrears.

The stock market continued to fall for a second consecutive day yesterday owing to a profit booking tendency prevailing among investors.

Arshad Uddin fell into a deep crisis when his indenting business in Dhaka took a turn for the worse soon after the coronavirus outbreak began in March last year.

Bangladesh needs to formulate long-term plans on how to enhance its export basket after graduating from the UN's group of Least Developed Countries (LDCs), experts say at a webinar held yesterday.

The Bangladesh Trade and Tariff Commission (BTTC) has recommended the government extend the duty-free raw material import facility to the firms that sell a portion of their goods in overseas markets with a view to diversifying exports.

The competition authority is carrying out two investigations against e-commerce company Evaly for alleged embezzlement of funds and breach of competition rules.

The National Board of Revenue has directed banks to freeze bank accounts of former Bangladesh Bank deputy governor SK Sur Chowdhury and his spouse Suparna Sur Chowdhury on suspicion of tax evasion.

The country's stocks dropped yesterday due to a profit booking tendency among investors while the market turnover rose.

Despite the lengthy coronavirus pandemic, 13,613 new companies were registered in Bangladesh in the just-included fiscal year, highlighting the confidence of businesses in the economy.

Bangladesh has targeted exporting $51 billion worth of merchandise and services this fiscal year.

Pharmaceutical shipments from Bangladesh grew 25 per cent year-on-year to $169 million in the last fiscal thanks to the addition of anti-coronavirus drugs to the export basket, continuous improvement of quality and policy support.