Govt to speed up development spending to revive economy

The interim government is going to ask ministries to accelerate the implementation of ongoing development projects, Planning Adviser Prof Wahiduddin Mahmud said, as he believes this would help avert a further economic slowdown.
25 November 2024, 18:00 PM

BFIU seeks account details of 10 journalists 

The anti-money laundering agency also sought details of accounts belonging to Monjurul Ahsan Bulbul, editor-in-chief of TV Today, Abdul Gaffar Khan, chief in editor of Dainik Amar Somoy, and Chowdhury Jafarullah Sharafat, acting editor of Dainik Bangla.
24 November 2024, 16:50 PM

LDC graduation won’t cause medicine prices to spike: study

Medicine prices will not rise because of Bangladesh’s graduation from the group of least developing countries (LDCs) to a developing nation in 2026, but structural challenges in the health sector and rising energy costs may have an impact, a study found.
23 November 2024, 18:00 PM

Energy prices have huge impact on inflation: study

Price shocks in coal, oil, and liquefied natural gas (LNG) have profound effects on inflation, exchange rates, and reserves, according to new studies of the South Asian Network on Economic Modeling (Sanem).
23 November 2024, 18:00 PM

$4b spent a year on healthcare abroad

Bangladeshis spend around $4 billion abroad every year for healthcare, according to Malik Talha Ismail Bari, senior vice president of the Dhaka Chamber of Commerce and Industry (DCCI).
23 November 2024, 18:00 PM

Economic recovery amid supply chain disruptions

Asia forms the backbone of the world economy, powering vital supply chains from electronics hubs in Taiwan and South Korea to garment factories in Bangladesh.
23 November 2024, 18:00 PM

Tourism in Cox’s Bazar gaining momentum

With temperatures around Bangladesh dropping ahead of winter, hotels, restaurants and tourist attractions around Cox’s Bazar are being crowded by visitors.
23 November 2024, 18:00 PM

Govt trying to contain food prices for Ramadan

The interim government is taking steps to ensure that prices of essential food commodities are within tolerable levels during upcoming Ramadan, said Commerce Adviser Sk Bashir Uddin yesterday.
23 November 2024, 18:00 PM

Navana Pharma posts 12% profit growth in Q1

Navana Pharmaceuticals’ profit grew in the first quarter of the current financial year thanks to strong sales.
22 November 2024, 18:00 PM

S Alam says Singapore citizenship is a shield against central bank ‘intimidation’: FT

The letter and Saiful Alam’s threat to pursue international arbitration mark his most serious pushback yet against Bangladesh’s interim government.
20 November 2024, 02:31 AM

Gold price hiked again

In July last year, the price of gold crossed the Tk 1 lakh mark for the first time in Bangladesh.
19 November 2024, 14:31 PM

NBR halves VAT to cool off edible oil prices

The revenue board believes the VAT exemption will keep edible oil prices at a bearable level.
19 November 2024, 14:23 PM

Govt permits import of 18.80 crore eggs

In October this year, inflation hit a three-month high of 10.87 percent
19 November 2024, 12:29 PM

Bad loans hit alarming record

Awami League-affiliated businesses had already put the country’s banking sector in trouble with huge bad debts, but the loans disbursed through irregularities to these companies turned sour even at a more alarming pace after the party’s ouster.
17 November 2024, 18:40 PM

Deadline for tax return submission extended to Dec 31

The deadline for individual taxpayers to file their tax returns has been extended by a month by the National Board of Revenue (NBR).
17 November 2024, 18:00 PM

Govt working to reopen shuttered sugar mills

The interim government is working to restart sugar production at six state-run mills that were shut down during the previous regime, according to Industries Adviser Adilur Rahman Khan.
16 November 2024, 18:00 PM

Decoding transfer pricing

When two related entities enter a cross-border transaction, the price at which they undertake the transaction is the “transfer price.” Due to the special relationship between related entities, the transfer price may be different than the price that would have been agreed upon by unrelated parties. The price between unrelated parties in an uncontrolled condition is known as the “arm’s length price” (ALP).
16 November 2024, 18:00 PM

Businesses lose interest in Pangaon ICT for high costs

Businesses are losing interest in transporting containerised cargo to and from Chattogram port via Pangaon Inland Container Terminal (ICT) on the Buriganga river in the capital’s Keraniganj thanks to its high inland water transport costs, lengthy customs clearance and other obstacles.
16 November 2024, 18:00 PM

Engage private sector more in reforms to energise economy

The government should increase its engagement with the country’s private sector in making policies and decisions amid ongoing reforms, according to prominent business leaders, who cited major challenges such as high inflation, rising interest rates and slowing demand and investment that are now plaguing private businesses.
16 November 2024, 18:00 PM

Ship from Karachi port: What was in the cargo?

Most of the cargo that arrived from Karachi contained industrial raw materials, including soda ash, dolomite, limestone, chemicals, onion, fabrics and potatoes
16 November 2024, 14:49 PM