The revenue authority desperately needs to accelerate tax collection in order to enable the country to widen its capacity to spend more from its own coffer and cut reliance on external funds, said its chief yesterday.

Mobile phone operator Robi Axiata missed clocking an additional Tk 178 crore in profit in 2022 due to the massive depreciation of the local currency against the US dollar. 

Shafiqul Islam, a farmer in Putia upazila of Rajshahi, initially started growing a new variety of guava, called Thai guava, on five bighas of leased land about five years ago in hopes of turning his fortunes.

Cost and management accountants yesterday proposed that the government tax either loans waived by commercial banks and non-bank financial institutions or the interest accrued on the loans to discourage defaulting on loans.

Small-scale enterprises of Chattogram are facing a crisis of capital in operating their business while banks have disbursed only 3.6 per cent of the loans allotted under a government stimulus package for cottage, micro, small and medium enterprises.

The Bangladesh Investment Development Authority (Bida) has identified 106 factories as risky for lacking required fire safety measures and having vulnerable working conditions under a nationwide initiative aimed at preventing fire incidents and other disasters.

Trade in the stock market of Bangladesh has dried up once again as buyers are uninterested in making fresh bets considering the unsatisfactory declarations posted by listed companies for the July-December period of fiscal 2022-23.

The Bangladesh Bank has cut down the time for foreign direct investment receiving and sending firms and their dealer banks to submit FDI reporting forms and supporting documents to the central bank.

Southeast Bank recently promoted two senior executive vice-presidents to the post of deputy managing directors.

The anchor of a popular US talk show confronted Alexa, an artificial intelligence (AI) bot, regarding complaints from its users concerning Alexa’s creepy laugh.

The Bangladesh Bank yesterday said cottage, micro and small enterprises would receive term loans under its refinance scheme funded by the Asian Infrastructure Investment Bank (AIIB). 

The tenure has been extended for the upcoming Ramadan and Bangladesh Business Summit

Info minister says at the opening of Ctg trade fair

Abu Hena Md Rahmatul Muneem says when cement, steel and auto brick makers placed their budget proposals

The country’s second biggest telecom service provider also recommended 7 per cent cash dividend

Turnover, a key indicator of the market, edged down 21 per cent to Tk 340 crore

Turnover stood at Tk 111 crore at 11:25 am

Cinema hall owners in Bangladesh will be able to apply by December this year for loans under the central bank’s Tk 1,000 crore refinance scheme as the deadline has been extended by a year.

The forced shipment of empty containers from the yard of the Chattogram port is finally coming to an end, a positive development for foreign shipping liners as it would allow them to avoid the financial losses they have been incurring for the last six years.

A crop disease which has yet to be identified is devastating maize fields in the western district of Chuadanga, dashing the hopes of local farmers to turn a profit from producing the cereal grain.