Raising tax rates on high-income earners without expanding the tax net could backfire, potentially encouraging money laundering and capital flight, the Metropolitan Chamber of Commerce and Industry (MCCI) said yesterday.

Citing three major economic challenges, the government has prepared its position paper ahead of a United Nations hearing on Bangladesh’s request to defer its graduation from the least developed country (LDC) category.

Citing three major economic challenges, the government has prepared its position paper ahead of a United Nations hearing on Bangladesh’s request to defer its graduation from the least developed country (LDC) category.

Bangladesh’s mobile and broadband internet services rank among the worst in the world despite a large subscriber base, and a connectivity-led reform plan is being prepared to address the challenge, Rehan Asad, the prime minister’s adviser on telecom and ICT, said yesterday.

The Bank Resolution Act-2026, passed with new provisions added overnight, is effectively rehabilitating bank looters and putting the entire banking sector at risk, economic experts, academics, and activists said yesterday.

Three years after launch and with 99 percent of its budget unspent, a nearly Tk 1,700 crore customs modernisation project is set to be presented to the Executive Committee of the National Economic Council (Ecnec) today with a proposal to extend its deadline and raise costs by nearly 40 percent.

Finance Minister Amir Khosru Mahmud Chowdhury has pledged to avoid printing money to fund the government’s deficit and warned that creating “high-powered money” would trigger an inflationary spiral as the administration attempts to steer an economy battered by political cronyism and global shocks.

BRAC Bank PLC recently organised a remittance awareness conference in Bogura, reaffirming its commitment to raising public awareness about sending remittances through formal banking channels.

Dhaka Bank PLC has promoted SM Abdullah H Kafi to the post of deputy managing director (DMD).

Bank Asia PLC led a daylong seminar, titled “Cashless Bangladesh Initiative”, organised by Bangladesh Bank, to promote digital transactions and enhance financial awareness.

Bangladesh is projected to record a higher gross domestic product per capita than India in 2026

Appointment made through gazette after two-month vacancy

The power situation remains concerning at present, says BKMEA president

Says a report by UN agencies, EU and others

Instead of raising rates, the trade body recommended broadening the tax base to bring more individuals and businesses

The support will help Bangladesh implement key reforms aimed at expanding coverage, improving efficiency, and strengthening protection for vulnerable groups, particularly women

Boro paddy accounts for nearly 55 percent of Bangladesh’s yearly rice production

Bangladesh’s macroeconomic outlook is fragile as it faces three concurrent adverse external headwinds, including the Middle East crisis and the country’s impending graduation from the least developed country (LDC) category, said the Policy Research Institute (PRI) of Bangladesh yesterday.

Grameenphone posted a rise in profit in the first quarter of 2026 despite a decline in revenue, reflecting strong cost discipline and operational efficiency amid a challenging macroeconomic environment.

Oil prices extended their gains on Thursday, rising more than $1 ‌in the wake of stalled peace talks between Iran and the United States and as both nations maintained restrictions on the flow of trade through the Strait of Hormuz.