Global tech giants such as Google and Facebook are likely to come under the tax net from the next fiscal year as the authorities plan to make submission of returns mandatory for the firms that have no physical presence in Bangladesh but are doing business here.

The government is going to discard its plan to bring all elderly poor under its social safety net programmes in 100 more upazilas in a bid to prevent the non-poor from misusing the support.

The local currency saw a big dip in its value over the last two days after Bangladesh Bank floated exchange rates of the taka against the US dollar on June 2.

Bangladesh’s labour force has been a key driver of the country’s transformation from a “bottomless basket” to a middle-income country, economists said yesterday.

Prime Bank has unanimously reelected its chairman for a two-year term at its 528th board meeting.

In March 2020, when governments around the world announced lockdowns and quarantine to prevent the spread of a contagious disease, no one could anticipate what would happen. Covid-19 changed the order of businesses in such a disruptive manner that it made even long-established corporations rethink management practices and how to do business in this new reality.

The traders will be able to avail 50 types of export-import related services online from now on, Commerce Minister Tipu Munshi said yesterday.

About 85 per cent of the local and Japanese companies with operations in both nations want their respective governments to sign a free trade agreement (FTA) so that they can continue enjoying duty benefits after Bangladesh graduates from the UN’s list of least developed countries in 2026, according to a survey.

Rokeya (pseudonym), a hearing-impaired woman who is facing mental illness, was advised by her doctor to take psychotherapy for six months.

Default loans in the banking sector surged 19.3 per cent year-on-year in the first quarter of 2022 to reach one of the highest levels in Bangladesh’s history, driven by the withdrawal of the relaxed loan classification policy.

Policymakers will find it tough to bring some sort of a balance between targets to ensure economic growth while containing inflation in the next fiscal year, economist Zahid Hussain said yesterday.

The trade licence issuance process needs to be simplified and moved online while simplification of the bank loan process is also needed to help boost women owned businesses, according to a report by Business Initiative Leading Development (BUILD).

Eastern Bank Ltd (EBL) has reappointed Ali Reza Iftekhar as its managing director and chief executive officer for a fifth term until his retirement on April 18, 2026.

Some listed companies do not regularly publish their financial data on their website and so, investors struggle to analyse and take decisions, said Shaikh Shamsuddin Ahmed, a commissioner of the Bangladesh Securities and Exchange Commission (BSEC).

Parking money in banks is no longer attractive as surging inflation is eating away 2.2 per cent of savings in real terms, effectively discouraging depositors, states an analysis of the Centre for Policy Dialogue (CPD). 

In the wake of surging production costs resulting from high feed prices, the appetite for farming to produce chicken meat is waning among farmers as the demand for chicks declined, poultry industry operators said yesterday.

I became fully aware of the environmental challenges that we face when I visited Boracay Island in the Philippines a few years ago. The amazing picturesque beaches with white sand and blue lagoons were disturbed by the over-interest of tourists like me.

The government has set an inflation target of 5.5 per cent for the next fiscal year although the prices of basic commodities are sitting at elevated levels for higher commodities prices globally amid lingering supply chain disruptions and the Russia-Ukraine war.

The government will reprioritise 1,800 projects currently being implemented in different sectors to reduce pressure on the central bank’s foreign exchange reserves and stymie volatility in the economy, said Planning Minister MA Mannan yesterday. 

Coronavirus infections have declined significantly. But the world is yet to fully recover from the health crisis. Recently, the war in Ukraine has created worries of a global food crisis and fears of a recession in major economies as inflation rages.