The Foreign Investors’ Chamber of Commerce and Industry (FICCI) yesterday expressed concerns over a provision in the proposed national budget for fiscal year 2022-23 that would require companies to pay tax on their contributions towards the Workers’ Profit Participation Fund (WPPF).

Finance Minister AHM Mustafa Kamal today told the parliament that as of March this year, the amount of defaulted loans in the country was Tk 126,369 crore.

Paper importers and business leaders today urged the government to cut import duty for the sector by 20 percentage points to 5 per cent.

Bangladesh Bank today instructed banks to take special measures to provide priority banking services to valiant freedom fighters, old, widows and differently-abled customers.

Shares on the Dhaka Stock Exchange ended marginally higher today, breaking a three-day losing streak.

Seventeen Bangladeshi textile and garment companies took part in three international summer exhibitions -- Techtextil, Texprocess and the Heimtextil -- in Germany’s Frankfort.

The government will inspect multi-storied commercial buildings (market buildings) in areas under Dhaka North and South City Corporations to strengthen the building safety measures.

The stock market in Bangladesh opened higher today, breaking three days’ losing streak.

Construction of the Padma Multipurpose Bridge has given a huge morale boost to local developers that were engaged in building approach roads and other facilities related to the Tk 30,200 crore bridge, which is the largest in Bangladesh.

Sovereign debt, which is usually in the form of securities, is issued by a nation’s government to borrow money and may also be referred to as government debt, public debt, and national debt. This borrowing is done for a variety of reasons, from financing public investments to boosting employment.

Furniture makers are passing tough times even ahead of Eid-ul-Azha, which is usually a high sales period, as people are uninterested in buying luxury items in the face of rampant inflation in recent months, according to market players.

Government borrowing from banking sources has gone up significantly this month as it is now on a spending spree to materialise different development and non-development programmes by the time this fiscal year ends. 

The currency of Bangladesh has depreciated further against the US dollar, hitting Tk 92.95 on the interbank platform yesterday. 

Laptop users in Bangladesh are set for a bigger hit as the imposition of a 15 per cent value-added tax at the import stage of the essential digital device would lift the prices further. 

Shares on the Dhaka Stock Exchange declined for the third consecutive day yesterday owing to persisting economic uncertainty, runaway inflation and the latest floods.    

Checkpoint Systems Bangladesh Ltd-Unit 2, a Netherlands-based company, will invest $10.52 million to establish a garment accessories manufacturing factory at the economic zone of the Bangladesh Export Processing Zones Authority (Bepza).

Md Habib Ullah Dawn and Mohammed Shahidul Islam have been elected uncontested as president and secretary general respectively of the Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida) for a two-year term.

Md Habib Ullah Dawn and Mohammed Shahidul Islam have been elected uncontested as president and secretary general respectively of the Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida) for a two-year term.

The stock market received little focus in the proposed national budget for fiscal year 2022-23, said stock market specialists yesterday. 

Mutual Trust Bank (MTB) Foundation recently signed an agreement with Manabik Shahajya Sangstha (MSS) to provide eye care facilities to the underprivileged segment of the country.