‘Extend adequate policy support, roll out new refinancing scheme for tannery firms’

The government should extend adequate policy support to tannery firms in Bangladesh and introduce a new refinancing scheme to help them make a comeback from the pandemic-induced business slowdown, according to a study paper and industry people.
31 May 2022

NBR’s struggle to collect VAT from retails continuing for years

On April 5, the revenue authorities held a draw of the lottery of sales receipts issued by the stores using electronic fiscal devices (EFDs).
31 May 2022

Accelerate use of EFDs, ramp up monitoring

The National Board of Revenue should accelerate the use of electronic fiscal devices (EFDs) and ramp up monitoring to eliminate non-compliance with a view to raising more value-added taxes using technologies, said former top taxmen and economists.
31 May 2022

Stocks open higher

The stock market in Bangladesh started today on a positive note, building on the rise in the last three days.
31 May 2022

Mobile subscribers up in April, internet users drop

The number of mobile network subscribers in Bangladesh rose for three consecutive months to reach an all-time high in April while internet usage slipped that same month.
31 May 2022

Financial market liberalisation may be derailed

Bangladesh set out for financial sector reforms in the 1980s.
31 May 2022

How much per capita debt does Bangladesh have?

Despite collecting lakhs of crores of taka in revenue, every time the government falls short of fund to finance the whole budget and has to take crores of taka in loan from local and foreign sources.
31 May 2022

Convert export proceeds into taka fast: Bangladesh Bank to banks

Bangladesh Bank has asked banks to convert major export earnings of businesses into taka immediately as it looks to increase the supply of US dollars in the economy.
31 May 2022

Hike in key interest rate: Case for lifting lending rate cap strengthens

The case for withdrawing the lending rate cap, set in motion more than two years ago, has strengthened after the Bangladesh Bank hiked its key interest rate for the first time in a decade to cool inflationary pressures.
31 May 2022

Bringing back black money: Will amnesty work at all?

Wishful thinking -- is what best describes the maiden tax amnesty campaign the government is planning to lure money back home next fiscal year.
31 May 2022

Stocks stretch gaining streak to third day

Stocks in Bangladesh continued rising for a third consecutive trading session yesterday despite a last-minute selling spree that prevented a high jump in the market indices.
30 May 2022

Bangladesh has potential for green jobs and business

The government is promoting green and inclusive development as a part of its 8th five-year plan and green growth strategy, said Habibun Nahar, deputy minister for the ministry of environment, forest, and climate change in a national seminar.
30 May 2022

2 Pran concerns win productivity award

Habiganj Agro Ltd and Sylvan Technologies Ltd, sister concerns of Pran-RFL Group, won National Productivity and Quality Excellence Award-2020 for enhancing productivity and manufacturing quality products.
30 May 2022

bKash launches ‘b.Academy’ for skills dev of employees

bKash yesterday launched a learning fest called “b.Academy” to make its employees more efficient and future-ready through training and other skill development activities.
30 May 2022

Banks asked to transfer funds to Saudi Arabia for Hajj pilgrims

The Bangladesh Bank yesterday asked banks to take measures to transfer the funds related to the expenditures of aspirant Hajj pilgrims in Saudi Arabia.
30 May 2022

Banks asked to convert export proceeds into taka immediately

Bangladesh Bank has asked banks to convert major export earnings of businesses into taka immediately as it looks to increase the supply of US dollars in the economy.
30 May 2022

Stocks rise for third day

Stocks in Bangladesh continued to rise today for the third consecutive day, but a selling spree at the last moment restricted the index to make a big jump.
30 May 2022

Dhaka stocks up

The stock market in Bangladesh gained in the first several hours of trading today.
30 May 2022

Boro farmers’ capital washed away by rains, floods

Thousands of farmers who lost their paddy this Boro season due to excessive waterlogging amid untimely rain and a labour crisis in the country’s northern region, including eastern Sylhet and Chalan Beel, are worried about the upcoming Aman season as many of them have lost their capital.
30 May 2022

Tyre imports fall on BB curbs

Tyre importers in Bangladesh have been hit hard by the rise in the exchange rate and the doubling of the cash businesses require to pay in advance to open letters of credit to bring in the item.
30 May 2022