Jamuna Bank Ltd recently signed an agreement with the Bangladesh Bridge Authority for the money management of the toll to be collected at the Padma Multipurpose Bridge.

India is considering restricting imports of refrigerators to promote local manufacturing, two industry sources told Reuters on Thursday, potentially freezing out shipments from Samsung Electronics Co and LG Electronics Inc in the $5 billion market.

Islami Bank Bangladesh Ltd (IBBL) recently signed a memorandum of understanding with BRB Hospitals enabling up to 25 per cent discount at the hospital for the bank’s cardholders, officials and their family members.

Midland Bank in collaboration with Usha Foundation, a non-government organisation, disbursed a loan of Tk 1 crore, out of Tk 4.50 crore, among 40 entrepreneurs of Jamdani Cluster in Narayanganj.

Standard Chartered Saadiq Bangladesh has won an award at Digital CX Awards 2022 in the category of digital customer experience across the financial services ecosystem.

Rokia Afzal Rahman, chairman of Arlinks, and AK Azad, managing director of Ha-Meem Group, have been re-elected vice-presidents of the International Chamber of Commerce Bangladesh for a two-year term (April 2022 to March 2024).

Simplification of tax administration and proper infrastructure development are needed to attract more foreign direct investment (FDI) in Bangladesh, analysts said in a roundtable today.

Ace Cricketer Shakib Al Hasan’s e-commerce platform Monarch Mart will now sell products of leading Bangladeshi retail chain Shwapno.

The Bangladesh Telecom Regulatory Commission (BTRC) fined state-run Teletalk Tk 5 crore, Robi Axiata Tk 2 crore, Grameenphone Tk 50 lakh and Banglalink Tk 15 lakh.

The stock market index fell today although the proposed budget for 2022-23 fiscal year recommended cutting corporate tax by 2.5 percentage points for listed companies except bank, insurance, telecom, tobacco and non-banks.

Most shares on the Dhaka Stock Exchange (DSE) fell today despite a cut in the corporate tax rate for listed companies.

Shares opened the week lower as most of the scrips on the Dhaka Stock Exchange (DSE) fell today, despite a cut in the corporate tax rate for listed companies.

Till the end of May our inbound remittance totaled $19.19 billion, $3.6 billion dollar less than that last year. With the current downward trend, in an optimistic estimate, we can eye a near $21 billion by the end of the financial year which would be 15 per cent less on a year-on-year basis. But based on this figure alone will it be justified to arrive at a decision that the magic of remittance have waned, we have run out of means to fill the increasing trade gaps, and are quickly embracing a bleak financial future? Before siding with a yes or a no let us revisit the trend of remittance flow. 

The government has proposed a 2.5 percentage point cut in corporate tax rates for the listed companies in the national budget unveiled for the next fiscal year in a bid to develop the stock market and attract investments.

The National Board of Revenue (NBR) has extended for another year a value added tax (VAT) reduction for local liquefied petroleum gas (LPG) cylinder manufacturers, who believe it would help keep fuel prices low against rising demand.

The national budget for fiscal year 2022-23 predicted a gross domestic product (GDP) growth of 7.5 per cent, which is unrealistic and not objective, AB Mirza Azizul Islam, former adviser to the caretaker government, said yesterday.

The government should reconsider the proposals on increasing source tax on interest income of all companies, raising taxes on mobile phones, laptops and broadband internet services and giving amnesty to laundered money, Unnayan Shamannay Chair-Professor Atiur Rahman said yesterday.

France-based pharmaceutical manufacturer Servier has launched a medication in Bangladesh that treats high blood pressure.

Eastern Bank has launched a co-brand credit card with Dhaka Stock Exchange (DSE) and Visa exclusively for the stock market employees and its trading right entitlement certificate (TREC) holder companies.

The proposed budget does not reflect the ICT sector’s demands although they are aimed at accelerating the development of the industry, said the Bangladesh Association of Software and Information Services (BASIS) yesterday.