The National Board of Revenue (NBR) is planning to increase the amount of tax payable for gold brought in under baggage rules in order to encourage legal import of gold and use of legal channels for remittance transfers. 

Players in the ICT industry of Bangladesh have urged the government to adopt long-term policies, which include extending income tax exemption for the sector by six years and incentivising exports of IT-enabled services (ITES).

The government has kept borrowing a hefty amount of funds from the Bangladesh Bank as commercial banks are unable to meet the financing requirement of the state because of the liquidity crunch. 

The government is far away from achieving the major targets set for the current fiscal year when the national budget was unveiled in June last year, owing to its failures to assess the global scenario before fixing the goals, experts said.    

The Netherlands government has offered a new incubation programme for young entrepreneurs in Bangladesh to support them with business solutions along with skills, funding and resources.

The National Tea Company had a surprise for many stock traders yesterday as the company’s share price plunged by a whopping 59.89 per cent.

Bangladesh House Building Finance Corporation will get a €270.57 million loan, equivalent to about Tk 3,000 crore, from Islamic Development Bank for its Rural and Peri-urban Housing Finance Project. 

Importers opened a lower volume of letters of credits (LCs) in July-April for the purchase of essential commodities such as rice, wheat, sugar, crude edible oil as well as raw materials and machinery key to the industrial sector, figures from the central bank showed.

Bangladesh Bank yesterday issued a licence for Nagad Finance PLC to provide services as a non-bank financial institution (NBFI) in the country’s financial sector. 

It declined to 22.24% from 26.54%, according to BIDS

Fifty-one per cent of the total poor in 2022 were new as the dragging fallout of the coronavirus pandemic took its toll on the country, according to a survey of the Bangladesh Institute of Development Studies (BIDS).

Water consumption for manufacturing denim fabrics has reduced significantly in Bangladesh as local producers now use highly efficient technology, according to market players.

Bangladesh is racing ahead towards becoming the world’s ninth-largest consumer market by 2030. However, in today’s hyper-dynamic world, deep change is inevitable for our educational and financial institutions as well as large conglomerates. Anticipating resistance, it is crucial to understand why people resist change and how to overcome it. Having led large-scale business transformations for three decades, I am sharing below my learning for the benefit of the upcoming business leaders.   

Bangladesh’s gross domestic product is estimated to have grown at a slower pace in the current financial year with the biggest blow stemming from the industrial sector, official figures showed.

Rajshahi Krishi Unnayan Bank (Rakub) appointed a new managing director on May 10 this year. 

Novoair, a private airline in Bangladesh, has announced a 15 per cent discount on the ticket price for all routes.

Mercantile Islami Insurance PLC saw an over 25 per cent year-on-year drop in profit in the January-March quarter of this year.

Textiles and jute minister tells seminar

Navana Limited has won a “2022 TMHI Award” from Toyota Material Handling International (TMHI) for its Toyota forklift sales to various industries, including those in manufacturing, warehousing, logistics and construction, in 2022.

The Dhaka and Chattogram stock exchanges closed higher yesterday on the back of insurance stocks.