It’s been long since we had been following the Income Tax Ordinance 1984 and the most important issue is that the International Monetary Fund (IMF) has imposed a condition at the time of approval of the loan to the government to introduce a new tax act.

The refiners yesterday urged the government to hike retail prices of packaged sugar by 20 per cent to Tk 150 a kilogramme citing spiral in import costs due to a rise in the sweetener’s international rates and higher spending for US dollar.

The government should allow more private companies to build effluent treatment plants (ETPs) inside Savar Tannery Industrial Estate (STIE), said Shaheen Ahmed, chairman of Bangladesh Tanners Association (BTA), yesterday.

The new interest rate-setting method introduced by the central bank is going to benefit depositors as well as people who take consumer loans. 

Microfinance institutions (MFIs) will have to pay taxes from fiscal year 2023-24 if they do not keep their income from service charges in a revolving fund.

The board of Islami Bank Bangladesh Ltd (IBBL) yesterday elected Ahsanul Alam as the chairman of the shariah-based lender.

Bangladesh considers the United Kingdom (UK) as an important export destination and it is time for diversifying the export basket, as the bilateral trade is currently concentrated on a few specific items, FBCCI President Md Jashim Uddin said today.

Pran Agro is going to raise funds of Tk 262.5 crore form institutional investors and high-net worth people by issuing bonds.

Noted economist Prof Nurul Islam’s contribution to the independence of Bangladesh and nation building after independence was remarkable as he played a role in diagnosing the disparity between the then East Pakistan and West Pakistan, launch the first five-year plan and enlist Bangladesh as a least developed country (LDC), said economists. 

Pubali Bank Limited has recently signed a memorandum of understanding (MoU) with Bproperty at the bank’s head office in Dhaka.

A new feature styled “Auto Pay” has recently been added to bKash app’s Send Money service to make it more convenient for users.

NRBC Bank’s assets have increased by 29 per cent to Tk 16,115 crore by the end of December 2022, compared to the previous year’s Tk 12,462 crore.

Bangladesh’s export earnings from mango have jumped this year as local growers are supplying an improved quality of the popular fruit through both private and public initiatives.

Operations at Payra port have slowed down significantly following the temporary stoppage of coal imports for the Payra Thermal Power Plant in Kalapara upazila of Patuakhali.

Rawhide traders and farmers at the grassroots level are expected to receive better prices from the sale of animal skins during the upcoming Eid-ul-Azha as the business outlook for leather and leather goods for 2023 is still bright despite the lingering uncertainty at home and abroad. 

Bangladesh’s economy is poised to regain its high growth trajectory by the next year as price effects of the Russia-Ukraine war have largely stabilised and significant improvement has taken place in containing global pandemic situation, projects the Bangladesh Bank (BB) yesterday.

US chip giant Intel will spend $25 billion on a new plant in Israel, officials said Sunday, with Prime Minister Benjamin Netanyahu calling it the country’s single largest foreign investment.

Bangladesh’s foreign exchange reserves will rise to approximately $30 billion at the end of June this year, said the central bank yesterday.

Nature supplies us with essentials like air, water and food, among other necessary resources in our daily lives in order to help us survive. It is thus evident that if nature is under threat, it would cause a significant impact on humankind.

The government is set to miss its development spending target as well as the goal of raising the use of foreign loans by a large margin in the outgoing financial year, official figures showed.