Exports and domestic sales of Bangladesh’s synthetic and athletic footwear sector have been witnessing some of the highest growths among those of other sectors, according to a market assessment of Bangladesh Investment Development Authority (Bida).

For the 10th consecutive month, monthly wage growth of workers has remained below inflation, a trend that indicates a worsening poverty situation as many people are being compelled to cut consumption amid falling real income.

Unusual investment decisions made by the state-run Investment Corporation of Bangladesh (ICB) could inflict a loss of Tk 438 crore on taxpayers as the funds have either turned into default loans or remained largely unrealised, according to an audit report.

Bangladesh’s cotton import may drop to 8 million bales in marketing year 2022-23 which began in August, said the US Department of Agriculture (USDA) at the end of last week. 

The National Board of Revenue (NBR) yesterday awarded nine firms for paying the highest amounts of value-added tax (VAT) in fiscal year 2020-21.

Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials like food, heating, transport and accommodation. And though a peak could be in sight, the effects may yet get worse.

Shajedul Islam Sajal, who lives in the WASA staff quarter near Pallabi Extension in Dhaka’s Mirpur, had pooled his money with other youths in the area to buy a projector for Tk 15,000 before the FIFA World Cup began on November 20 this year.

The six-day training funded by the European Union consists of five different courses, the NBR said in a statement.

Finance Minister AHM Mustafa Kamal today said the International Monetary Fund (IMF) had praised Bangladesh's economic progress as "outstanding".

A breathtaking surge in the US dollar trampled foreign currencies, gouged corporate profits and gave investors one of the year’s few winning trades.

Chinese President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the US dollar's grip on world trade.

The National Board of Revenue today awarded nine firms for paying the highest amounts of value-added tax in 2020-21 fiscal year.

Major global rating agency Moody's has placed Bangladesh's long-held credit rating of Ba3 on review for downgrade, in a development that stands to make the country's foreign transactions and lending tougher.

Coffee is one of the most popular caffeinated beverages in the world with people from all over reaching for a cup whenever they need an extra shot of energy.

Bangladesh is expected to produce more maize this year as farmers, encouraged by profitable prices, have planted the coarse grains on an increased area of land.

Customers of different mobile network operators at a public hearing yesterday reported that their daily communication was being hampered due to poor coverage in busy areas in the port city of Chattogram, including GEC and Foy’s Lake. 

IT firms are struggling to find skilled tech talents and professionals despite higher demand for information technology services from local and global clients, a situation that threatens their expansion and could shatter Bangladesh’s export ambition for the sector.

Despite having a strong emerging regulatory framework and a relatively mature market, public-private partnership (PPP) projects in Bangladesh have attracted far lower investments than requirements owing to implementation challenges, lack of long-term financing, and dated laws.

The revenue authority is going to take initiative to expedite the full transition to an automated VAT system, which is yet to be done even though one-and-a-half-years have passed since it finished the much talked-about VAT Online Project.

Online parcel delivery platform eCourier has launched an InstaPay payment service, enabling e-commerce and F-commerce sellers to get payments right after their products reach customers.