The amount of non-performing loans (NPLs) is likely to be much higher than that reported as the process does not fully take into account effects of scams and losses incurred by merchant banks due to the bursting of the stock price bubble, said a top economist at the unveiling of a book yesterday. 

Bangladesh Bank yesterday rolled out a Tk 5,000 crore refinance scheme to help borrowers procure environment-friendly capital machinery.

The National Board of Revenue (NBR) yesterday extended the scope for traders to import rice at reduced tariff by three months to March 31 next year to facilitate increased supply of the staple food and contain its prices in the local market.

Leather and leather goods export from Bangladesh will rise by 10 times to $10 billion by 2030 from the existing $1 billion, Commerce Minister Tipu Munshi said yesterday.

Taxpayers will not only be able to pay withholding tax online but also prepare returns and file those electronically too, said the National Board of Revenue (NBR) yesterday. 

Bangladesh has again demanded the reinstatement of the Generalised System of Preferences (GSP) of the US at a 6th Trade and Investment Cooperation Forum Agreement (Ticfa) meeting held in Washington on Tuesday. 

Most of the stocks failed to attract any investor yesterday as the buyers think share prices may fall further if the rumour on the stockmarket regulator lifting the floor price becomes true.

Public Private Partnership (PPP) projects in Bangladesh have attracted investments of $6.74 billion, with a majority in the energy sector, according to the Asian Development Bank (ADB).

The Asian Infrastructure Investment Bank (AIIB) has agreed to give $250 million in loan as budget support to implement the Strengthening Social Resilience Programme (sub-programme 2).

The next ten years are crucial for Bangladesh to prepare, adapt and transform societies, economies and all ecosystems as the world is now facing triple and interconnected crises: the climate emergency, rapid damage to biodiversity and extreme poverty, FBCCI President Md Jashim Uddin said.

Bangladesh Bank today rolled out a Tk 5,000 crore refinance scheme to help borrowers procure environment-friendly capital machinery.

Leather and leather goods export from Bangladesh will rise by 10 times to $10 billion by 2030 from the existing $1 billion, Commerce Minister Tipu Munshi said today.

The National Board of Revenue (NBR) has extended the scope for traders to import rice at reduced tariff by three months to March 31 next year to facilitate increased supply of the staple food and contain its prices in the local market.

Bangladesh has demanded the United States restore the generalised system of preferences (GSP) status during the 6th round meeting of the Trade and Investment Cooperation Forum Agreement (Ticfa) in Washington on Tuesday.

Banks would able to replace cars and other vehicles used by their chairmen and chief executive officers and the lenders if they are at least eight years old, said the central bank today.

Cassava farmers in the Madhupur, Ghatail and Sakhipur upazilas of Tangail are enjoying bumper harvests of the crop, which has changed the fortunes of many in the fertile, hilly region.

With the prices of mild steel (MS) products, namely rods, remaining high in the domestic market, the Bangladesh Trade and Tariff Commission (BTTC) has said high tariff protection on imports of billet is affecting local users.

Despite the raging global economic crisis, Bangladesh’s leather and leather products sector witnessed a 17.56 per cent year-on-year growth in export earnings in the first five months of the current fiscal year on the back of orders shifting away from competitors.

If you miss your tax filing by December 31 this year, you will lose a significant amount of tax credit due to strict deadline of tax submission. So, if you have not yet been able to lodge your tax return then decide to submit within the stipulated time.

Bangladesh’s current account deficit widened further in October as imports continued to surge compared to the combined receipts from exports and remittances.