Digitalising business processes to increase tax collection

There is still ample scope to increase revenue collection by improving the tax administration’s efficiency by digitalising the entire business process, said Sheikh Mohammad Salim Ullah, secretary to Financial Institutions Division of the Ministry of Finance. 
6 April 2023, 18:00 PM

BASIS calls for Japanese investment in IT

Japan’s IT industry should invest in Bangladesh as the South Asian country is poised to become the next IT destination, said Russell T Ahmed, president of Bangladesh Association of Software Information Services (BASIS).
6 April 2023, 18:00 PM

BGMEA again seeks duty benefit for apparel made from US cotton

In a gap of a month, Bangladeshi garment makers have sent their second letter to the US senators and governors seeking duty-free benefit on export of locally made apparels made from imported American cotton.
6 April 2023, 18:00 PM

Wage growth below inflation for 14th month

Although wage growth in Bangladesh has been slowly climbing since July last year, it has still remained below inflation for the 14th month consecutively, according to the Bangladesh Bureau of Statistics (BBS).
6 April 2023, 04:30 AM

Kuakata sees drastic fall in tourists for Ramadan

The number of tourists flocking to Kuakata Beach has fallen drastically since the middle of March, forcing hotel and motel owners to offer up to 50 per cent discounts on rents in a desperate bid to attract holidaymakers and cut losses.
6 April 2023, 04:00 AM

Financial account deficit widens

The deficit in Bangladesh’s financial account widened substantially in the first eight months of the ongoing fiscal year, in an indication that the current stress in the foreign exchange regime will continue in the coming months.
6 April 2023, 03:30 AM

Bangabazar fire also affects its suppliers

The fire at Bangabazar on Tuesday morning not only affected shop owners at the apparel shopping complex in Dhaka’s Gulistan, but also other players in the supply chain.
6 April 2023, 03:00 AM

An inspiration like none other

It is said that a successful South Asian entrepreneur is able to run business anywhere in the world as they have the skills to overcome multifaceted barriers in almost every step of the entrepreneurial journey. 
6 April 2023, 02:00 AM

Bangladesh immigrant day and trade fair in New York in Sept

The sixth Bangladeshi Immigrant Day and Trade Fair-2023 is going to be held in the US on September 22-23 with the theme “Exploring opportunities towards Smart Economy”.
5 April 2023, 18:00 PM

CEOs’ time and their open-door policies

CEOs are increasingly pressed for time, both for managing everyday business as well steering their companies towards a better future. This poses challenges in terms of how well they can manage their time with the right priorities and focus.
5 April 2023, 18:00 PM

‘Couldn’t save anything’

“I could not save a single product from any of my three stores as the fire gutted everything,” said Mohammad Rafiqul Islam Sohag, who operated apparel outlets at the Banga Islamia Super Market in Dhaka’s Gulistan area.
5 April 2023, 03:30 AM

Bangabazar blaze, a reminder for the need of insurance

Hours after a devastating fire tore through Bangabazar Complex in Dhaka’s Gulistan yesterday morning, Abdur Rahman, the owner of an apparel outlet in the area, was found lamenting his losses at the market intersection amid a frantic effort by firefighters to douse the blaze.
5 April 2023, 03:00 AM

Inflation jumps to 7-month high in March

Inflation in Bangladesh jumped to a seven-month high of 9.33 per cent in March as food prices rose and the adjustment of oil, gas, and electricity prices took hold, highlighting the pains low-income households are going through.
5 April 2023, 02:00 AM

Taka slips further as BB sells dollars

The taka has weakened further against the US dollar as the Bangladesh Bank has started selling the American greenback to banks at Tk 103.
4 April 2023, 18:00 PM

Include women’s unpaid work in GDP: PM

Prime Minister Sheikh Hasina yesterday asked the authorities concerned to incorporate women’s unpaid household works into Bangladesh’s gross domestic product (GDP). 
4 April 2023, 18:00 PM

Govt to make another LNG purchase from spot market

The government is going to buy another shipment of liquefied natural gas (LNG) from the international spot market, the sixth since February. 
4 April 2023, 18:00 PM

Cash recycling machines spreading across the country

Banks in Bangladesh are increasingly installing cash recycling machines (CRMs) throughout the country so that clients can withdraw or deposit their funds from the same spot.
4 April 2023, 18:00 PM

Aman re-elected as NCCI president

The Nordic Chamber of Commerce and Industry (NCCI) in Bangladesh has recently re-elected its president for a two-year term. 
4 April 2023, 18:00 PM

Altaf becomes AMD of Islami Bank

Islami Bank Bangladesh has recently promoted an official to the post of additional managing director. 
4 April 2023, 18:00 PM

MD of Bengal Commercial Bank reappointed

Bengal Commercial Bank has reappointed as its managing director and CEO. 
4 April 2023, 18:00 PM