'Cut red tape, customs delays to attract more Japanese FDI'

Japanese ambassador says at JBCCI, Jetro seminar
14 June 2023, 15:31 PM

Growers beam with joy as off-season watermelons fetch higher prices

Growers in Tangail have big smiles on their face as their off-season watermelons are fetching higher prices since demand has been good owing to the sweltering heat. 
14 June 2023, 02:40 AM

Digital divide points to disparity in rural-urban internet access

The digital divide continues to exist in Bangladesh underscoring disparities in internet access between rural and urban areas, while gender digital divide also worsened.
14 June 2023, 02:30 AM

New law offers scope to strike off TIN-holders

For the first time, the National Board of Revenue (NBR) has sought to grant opportunity to individuals and companies to de-register or make their taxpayer identification number (TINs) dormant owing to no taxable income and dissolution.
14 June 2023, 02:20 AM

Deposit growth rises, loan growth falls

The deposit growth in the banking sector of Bangladesh rose in the first quarter of 2023 from a quarter ago as businesses prefer to park funds with lenders instead of making investments amid the ongoing economic slowdown and uncertainty.  
14 June 2023, 02:10 AM

How will new tax law impact individual taxpayers?

The proposed Income Tax Act includes 43 service receivers to submit proof of tax filing and if the taxable income does not exceed the tax-free threshold, they have to pay a minimum tax of Tk 2,000.
13 June 2023, 18:00 PM

TCB to sell rice to family cardholders

For the first time, the Trading Corporation of Bangladesh (TCB) will sell rice at subsidised rates along with oil, sugar and lentils to one crore family cardholders from the next month, Commerce Minister Tipu Munshi said yesterday.
13 June 2023, 18:00 PM

Deepen structural reforms

Bangladesh needs to manage the economy carefully and deepen structural reforms to deal with lingering external pressures, a top official of the World Bank said yesterday. 
13 June 2023, 18:00 PM

Cut domestic borrowing to rein in inflation

Given the inflationary pressure in the economy, the government should consider cutting its dependence on domestic borrowing from the central bank to finance the budget deficit so as to contain inflation, said the Policy Research Institute of Bangladesh (PRI). 
13 June 2023, 18:00 PM

No concrete job plan in budget

The government has proposed a Tk 761,000 crore budget for fiscal year 2023-24 without offering any concrete roadmap or action plan for generating employment for its vast working age population, said an economist on Saturday. 
13 June 2023, 18:00 PM

NBFIs asked to have a clear HR policy

The Bangladesh Bank yesterday instructed non-bank financial institutions (NBFIs) to put in place a clear human resources policy to ensure hiring of honest and efficient persons in transparent manner and establish good governance in the sector.
13 June 2023, 18:00 PM

Training for women in RMG to raise factory productivity

Training support for women in supervisory roles leads to higher productivity in the garment factories, a new assessment of the International Finance Corporation (IFC) and the International Labour Organisation showed.
13 June 2023, 18:00 PM

Southeast Bank signs deal with Nagad

Southeast Bank Limited signed an agreement with mobile financial service (MFS) provider Nagad on remittance disbursement.
13 June 2023, 18:00 PM

India imposes wheat stock limit to arrest price rise

India has imposed a limit on the amount of wheat stocks traders can hold in an effort to bring down prices, food secretary Sanjeev Chopra told reporters on Monday.
13 June 2023, 18:00 PM

Arrival of foreign tourists almost at pre-pandemic level

This recovery brought hope to entrepreneurs related to the local tourism industry, which suffered huge losses due to the coronavirus outbreak
13 June 2023, 01:40 AM

BSCIC estate brings solvency to female workers

The Bangladesh Small and Cottage Industries Corporation (BSCIC) established an industrial estate on 26.30 acres of land in the Dapunia area of Jamalpur in 1980 with a view to developing small and medium enterprises and creating jobs.
13 June 2023, 01:30 AM

High time to reduce demand, tackle inflation head-on

The government should target reducing demand through ensuring market-based interest and exchange rates as well as cutting allocation for infrastructure projects to rein in inflation and protect the foreign currency reserves, said economists yesterday.
13 June 2023, 01:20 AM

Mobile production declines sharply in April

Local production of mobile phones declined substantially in Bangladesh in April as manufacturers grappled with a massive drop in sales amidst the grey market’s expansion.
13 June 2023, 01:10 AM

Tax collection rebounds in May

Tax collection by the National Board of Revenue (NBR) shot up in May, powered by buoyancy in value added tax (VAT) collection from domestic economic activities and increased income tax receipts, according to a provisional estimate. 
13 June 2023, 01:00 AM

Sadia Rayen becomes Dutch-Bangla Bank chairman

Sadia Rayen Ahmed was elected as the chairman of Dutch-Bangla Bank Limited yesterday.
12 June 2023, 18:00 PM