An amnesty provided to black money invested in economic zones and hi-tech parks is unlikely to be continued from the next fiscal year of 2024-25 as per plans of the National Board of Revenue (NBR). 

The government’s cash incentive against export receipts has soared over the years although many sectors could not make their mark in the global market, bringing in limited results for the government’s diversification initiative.

High inflation, rising pressure on external account to slow down economy, the economist said

Competition in the cement industry of Bangladesh could become even narrower as smaller producers are at risk of going out of business due to overcapacity in production and increasingly higher input costs.

With the news of brain chip implants, our friends joked that advertisers would run commercials in our brains if we got chips without a subscription.

Bangladesh’s foreign exchange reserves have been falling since September 2021 despite a series of government initiatives to reverse the trend.

Power generation companies, including rental ones, may see an end to a zero-duty benefit on their import of machinery, equipment and spare parts from next fiscal year as the government moves towards generating more revenue curtailing the practice of handing out tax exemptions.

Bangladesh could earn a few billion US dollars from global carbon trading each year if carbon reduction projects are properly implemented in the country, according to speakers at a discussion.

The Bangladesh Bank told businesspeople that the lending rates will not exceed 14 percent, according to the leaders of several trade bodies.

The Chittagong Port Authority signs MoU with the Abu Dhabi-based company

In Jan-Mar, the bank made a profit of Tk 164 crore this year, up from Tk 134 crore last year

The bank's profit rose 26% year-on-year to Tk 60.39 crore in Jan-Mar period of 2024

The government has approved the Annual Development Programme of Tk 2.65 lakh crore for fiscal 2024-25

Chittagong Port Authority (CPA) will sign a memorandum of understanding (MoU) with AD Ports Group today regarding the latter’s proposal to implement a portion of the Bay Terminal project.

Offshore banking is increasingly becoming a key window for banks in Bangladesh to facilitate investments and international trade by attracting deposits in foreign currencies.

Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.

City Bank registered a 2.7 percent year-on-year growth in profit to Tk 92.44 crore in January-March of 2024.

Bangladesh’s ambitious land digitalisation project holds the potential to transform property management and transactions, making them quicker and free from corruption.

Bangladesh annually recycles around 2.5 to 3 million tonnes of scrap vessels but this has come down to around 1 million tonnes in the last two years, according to the Bangladesh Ship Breakers and Recyclers Association.

The government plans a new export promotion fund as an alternative to direct cash incentives for export-oriented sectors to help the country face challenges resulting from its graduation to a developing nation in 2026.