Bangladesh’s mobile phone manufacturing industry, once hailed as a potential pillar of the country’s digital ambitions, is bracing for a fresh blow after the interim government proposed a hike in value-added tax (VAT) at the production stage in the national budget for fiscal year 2025-26.

Bangladesh recorded $4.73 billion in exports in May, the highest in at least 23 months, owing to increased shipments of manufactured commodities, especially apparel, ahead of the Eid-ul-Azha festival to be celebrated on Saturday.

The country’s trade deficit narrowed by 2.60 percent in the first ten months of the current fiscal year compared to the same period a year ago, thanks to a rise in export earnings coupled with subdued imports..During the July-April period of fiscal year (FY) 2024-25, the trade gap was $18.

In the Finance Ordinance 2025–26, presented on Monday, the government proposed amending the Customs Act 2023 and revising the penalty structure for tax evasion related to intentional false declarations during import clearance, reducing the minimum fine from twice the evaded amount to an equivale

The fresh funding will help the company accelerate its expansion in the eSIM market

The national budget for FY2025-26, presented by Bangladesh’s interim government, marks a notable departure from the conventional, growth-obsessed fiscal templates of previous years.

Md Abdur Razzak, additional secretary (IIT) at the commerce ministry, is the chairman of the election board

However, he acknowledged that it is never entirely possible to make a budget fully business-friendly.

The country shipped $4.73 billion worth of goods in the fifth month of this year

The liquidity crisis in the sector worsened significantly in 2024, with only 57 percent of insurance claims being settled,

Around a dozen banks are currently struggling to repay depositors, eroding public trust

The DSEX gained 2.83 points to 4,692.35 as of 11:16 am

The Bangladesh Bank issued the licence on June 2

Additionally, a reduction in customs duty rates from 10 to 3 percent was proposed on all types of jet fuel and aviation spirits which is expected to reduce airfares and stimulate passenger growth, particularly for domestic carriers

Inflation hit 9.05% in May

Economist Dr Mustafa K Mujeri has urged the government to place its main emphasis on reducing of societal inequality in the forthcoming national budget for the fiscal year 2025-26..He made the call during a pre-budget discussion titled “National Budget for FY2025-2026: A Pre-Budget Discuss

The decision was made at a meeting of the Lama Upazila Natural Disaster Preparedness Committee yesterday

Bangladesh recorded a sharp rise in remittance inflows in May, as migrant workers sent more money home in the run-up to Eid-ul-Azha, which falls in early June.

Rupali Bank PLC's profit plummeted in 2024 due to declining operating income.

IFIC Bank PLC reported losses in 2024 compared to a profit in the previous year, due to lower interest spreads and deteriorating asset quality, according to a price-sensitive information disclosure by the bank.