Fund for workers: FICCI opposes tax on contribution

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) yesterday expressed concerns over a provision in the proposed national budget for fiscal year 2022-23 that would require companies to pay tax on their contributions towards the Workers’ Profit Participation Fund (WPPF).
22 June 2022, 18:00 PM

Air tickets set to climb from pandemic low

Propelled by inflation, the price of air tickets has begun to take off again after tumbling during the pandemic, a reversal that looks set to intensify due to environmental pressures, experts say.
22 June 2022, 18:00 PM

Egyptian, Saudi firms sign accords worth $7.7b

Saudi and Egyptian companies signed agreements worth a total of $7.7 billion during a visit to Cairo by the Saudi crown prince, state media in both countries said.
22 June 2022, 18:00 PM

Nat’l council to develop automobile industry

The government has formed a national council to develop the automobile industry which, in conjunction with a policy framed recently, is expected to facilitate the sector’s expansion and cut Bangladesh’s over-reliance on imported vehicles. 
22 June 2022, 18:00 PM

Tk 1,26,369 crore loans defaulted as of March this year: Finance Minister

Finance Minister AHM Mustafa Kamal today told the parliament that as of March this year, the amount of defaulted loans in the country was Tk 126,369 crore.
22 June 2022, 16:18 PM

Padma Bridge a morale booster for local contractors

Construction of the Padma Multipurpose Bridge has given a huge morale boost to local developers that were engaged in building approach roads and other facilities related to the Tk 30,200 crore bridge, which is the largest in Bangladesh.
22 June 2022, 05:00 AM

Sovereign debt: a matter of concern for many nations

Sovereign debt, which is usually in the form of securities, is issued by a nation’s government to borrow money and may also be referred to as government debt, public debt, and national debt. This borrowing is done for a variety of reasons, from financing public investments to boosting employment.
22 June 2022, 04:30 AM

Furniture sales fall victim to inflation

Furniture makers are passing tough times even ahead of Eid-ul-Azha, which is usually a high sales period, as people are uninterested in buying luxury items in the face of rampant inflation in recent months, according to market players.
22 June 2022, 04:00 AM

Govt’s borrowing from banks spikes

Government borrowing from banking sources has gone up significantly this month as it is now on a spending spree to materialise different development and non-development programmes by the time this fiscal year ends. 
22 June 2022, 03:30 AM

Taka slides against dollar again

The currency of Bangladesh has depreciated further against the US dollar, hitting Tk 92.95 on the interbank platform yesterday. 
22 June 2022, 03:00 AM

Now laptops to be more expensive

Laptop users in Bangladesh are set for a bigger hit as the imposition of a 15 per cent value-added tax at the import stage of the essential digital device would lift the prices further. 
22 June 2022, 02:30 AM

Sri Lanka lets younger women work abroad

Crisis-hit Sri Lanka on Tuesday reduced to 21 the minimum age at which women can go abroad for work and earn much-needed dollars for the bankrupt economy.
21 June 2022, 18:00 PM

Dutch firm to invest $10.52m in Bepza EZ

Checkpoint Systems Bangladesh Ltd-Unit 2, a Netherlands-based company, will invest $10.52 million to establish a garment accessories manufacturing factory at the economic zone of the Bangladesh Export Processing Zones Authority (Bepza).
21 June 2022, 18:00 PM

Barvida gets new office bearers

Md Habib Ullah Dawn and Mohammed Shahidul Islam have been elected uncontested as president and secretary general respectively of the Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida) for a two-year term.
21 June 2022, 18:00 PM

Barvida gets new office bearers

Md Habib Ullah Dawn and Mohammed Shahidul Islam have been elected uncontested as president and secretary general respectively of the Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida) for a two-year term.
21 June 2022, 18:00 PM

Budget offered little for stocks

The stock market received little focus in the proposed national budget for fiscal year 2022-23, said stock market specialists yesterday. 
21 June 2022, 18:00 PM

Mobile users suffer as towers go down in Sylhet

Panic and uncertainty have gripped the relatives of people living in flood-hit Sylhet and Sunamganj as they are unable to communicate with their loved ones due to an electricity blackout that has put about half of the local mobile network towers out of commission.
21 June 2022, 05:50 AM

Wage hike dwarfed by rising inflation

The wage growth in Bangladesh grew slower than the inflation rate in May, handing a blow to the country’s millions of low-paid skilled and unskilled workers already struggling to make ends meet amid the rising cost of living.
21 June 2022, 04:00 AM

European delegation visits Idcol projects

A high-level delegation led by Johannes Schneider, head of German development cooperation, visited three renewable energy projects financed by Infrastructure Development Company Ltd (Idcol) at Dhamrai, Savar recently.
20 June 2022, 18:00 PM

Keep payment services active in flood-hit areas: BB

Bangladesh Bank yesterday asked banks, mobile financial service (MFS) providers and payment service providers (PSPs) to take effective measures to ensure that payment services were available to people in flood-hit areas. 
20 June 2022, 18:00 PM