Provident funds to pay 27.5% tax
Companies and organisations will be required to file tax returns on the income generated by employee welfare funds from the current fiscal year and pay a 27.5 percent tax on the earnings.
1w ago
Powder milk imports dip to 8-year low as consumers tighten belts
Bangladesh’s imports of milk and cream plummeted to 118,000 tonnes in the last fiscal year of 2022-23, the lowest in eight years, after a section of consumers cut consumption of milk-based foods and beverages in a bid to manage costs amid heightened levels of inflation.
3w ago
Will Bangladesh be affected by India's possible sugar export ban?
Sugar prices have risen globally over the last couple of months
Bangladesh’s rice acreage, production to drop
Land use for rice cultivation in Bangladesh is likely to decline in marketing year (MY) 2023-24, which began on May, forecasted the US Department of Agriculture at the end of last week.
Summer onion cultivation expands slowly
Bangladesh is registering a slow spike in the cultivation of onions during summer with the government patronising the expansion to reduce high import dependence during the lean season from October to November.
A fifth of banks jump on digital bandwagon to power growth
Nearly a fifth of conventional banks in Bangladesh are preparing to establish digital banks to expand their reach to every nook and cranny of the country, win and retain tech-savvy customers without physical presence.
NRB Bank plans to introduce neo-banking services
NRB Bank is planning and working to onboard digital banking facilities as well as introduce neo-banking services for its customers, according to the top official of the private bank.
September 20, 2023
Provident funds to pay 27.5% tax
Companies and organisations will be required to file tax returns on the income generated by employee welfare funds from the current fiscal year and pay a 27.5 percent tax on the earnings.
September 11, 2023
Powder milk imports dip to 8-year low as consumers tighten belts
Bangladesh’s imports of milk and cream plummeted to 118,000 tonnes in the last fiscal year of 2022-23, the lowest in eight years, after a section of consumers cut consumption of milk-based foods and beverages in a bid to manage costs amid heightened levels of inflation.
August 28, 2023
Will Bangladesh be affected by India's possible sugar export ban?
Sugar prices have risen globally over the last couple of months
August 27, 2023
Bangladesh’s rice acreage, production to drop
Land use for rice cultivation in Bangladesh is likely to decline in marketing year (MY) 2023-24, which began on May, forecasted the US Department of Agriculture at the end of last week.
August 21, 2023
Tariff commission wants zero import duty on onion
The commission writes a letter to the NBR
August 20, 2023
Summer onion cultivation expands slowly
Bangladesh is registering a slow spike in the cultivation of onions during summer with the government patronising the expansion to reduce high import dependence during the lean season from October to November.
August 11, 2023
A fifth of banks jump on digital bandwagon to power growth
Nearly a fifth of conventional banks in Bangladesh are preparing to establish digital banks to expand their reach to every nook and cranny of the country, win and retain tech-savvy customers without physical presence.
August 6, 2023
NRB Bank plans to introduce neo-banking services
NRB Bank is planning and working to onboard digital banking facilities as well as introduce neo-banking services for its customers, according to the top official of the private bank.
August 2, 2023
Low rainfall forces farmers to irrigate Aman fields
After 16 percent below normal rainfall in June, Bangladesh saw a drier July as it registered 50.8 percent below normal rain, which forced many farmers to irrigate their fields to cultivate Aman paddy, the second largest rice crop.
July 27, 2023
Exports to China fall despite duty benefit
Bangladesh’s export to China fell to its three-year low of $677 million in the last fiscal year as entrepreneurs could not take advantage of the duty benefits extended by Beijing.
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