Sohel Parvez

Sohel Parvez is the Business Editor of The Daily Star.

Exports actually fell in July-May

Bangladesh’s exports declined 4.28 percent year-on-year in July-May of 2023-24, said the central bank yesterday after correcting the shipment data published by the Export Promotion Bureau (EPB) earlier.

5d ago

Annual inflation hits 12-year high despite easing in June

The annual average price spike in Bangladesh surged to its highest level in 12 years in the just-concluded fiscal year despite easing in June, reflecting the persistent erosion of real income and the deterioration of the living standards of low-income groups.

1w ago

BB finds six types of wrongdoing in export data

The central bank discovered six types of statistical wrongdoing that inflated export data, a development that led to a multibillion-dollar correction.

1w ago

Two S Alam firms evaded Tk 3,500cr in VAT: NBR

S Alam Vegetable Oil Ltd and S Alam Super Edible Oil Ltd have unpaid value added tax (VAT) and consequent penalty worth over Tk 7,000 crore, as they allegedly evaded VAT through various means, including by presenting lower purchase and sales data in VAT returns between 2019 and 2022, according to an audit by the NBR’s VAT wing.

2w ago

Two S Alam firms evaded Tk 3,500 crore in VAT, says NBR

With penalty, they owe government over Tk 7,000cr; S Alam Group director says they didn’t ‘evade even a single taka in VAT’

2w ago

Bangladeshi Nationals, Banks: ‘Swiss banks not so lucrative now to park money’

Bangladeshi nationals and banks kept 17.71 million Swiss francs (CHF) in deposits last year in the banks of Switzerland, the lowest on record, reflecting the fading attractiveness of the country among the wealthy to park money.

3w ago

Dollar hits Tk 118 on interbank market, the highest ever

Every US dollar went for Tk 118 on the interbank platform of Bangladesh yesterday, the highest since the central bank loosened its grip on the exchange rate by letting market dynamics determine the prices.

3w ago

Govt trims food distribution plan for FY25 amid high inflation

The government has cut distribution plans for food grains for the upcoming fiscal year of 2024-25, which economists say is an illogical decision since food inflation has soared above 10 percent in the past two months

1m ago
July 12, 2024
July 12, 2024

Exports actually fell in July-May

Bangladesh’s exports declined 4.28 percent year-on-year in July-May of 2023-24, said the central bank yesterday after correcting the shipment data published by the Export Promotion Bureau (EPB) earlier.

July 8, 2024
July 8, 2024

Annual inflation hits 12-year high despite easing in June

The annual average price spike in Bangladesh surged to its highest level in 12 years in the just-concluded fiscal year despite easing in June, reflecting the persistent erosion of real income and the deterioration of the living standards of low-income groups.

July 6, 2024
July 6, 2024

BB finds six types of wrongdoing in export data

The central bank discovered six types of statistical wrongdoing that inflated export data, a development that led to a multibillion-dollar correction.

July 1, 2024
July 1, 2024

Two S Alam firms evaded Tk 3,500cr in VAT: NBR

S Alam Vegetable Oil Ltd and S Alam Super Edible Oil Ltd have unpaid value added tax (VAT) and consequent penalty worth over Tk 7,000 crore, as they allegedly evaded VAT through various means, including by presenting lower purchase and sales data in VAT returns between 2019 and 2022, according to an audit by the NBR’s VAT wing.

June 30, 2024
June 30, 2024

Two S Alam firms evaded Tk 3,500 crore in VAT, says NBR

With penalty, they owe government over Tk 7,000cr; S Alam Group director says they didn’t ‘evade even a single taka in VAT’

June 21, 2024
June 21, 2024

Dollar hits Tk 118 on interbank market, the highest ever

Every US dollar went for Tk 118 on the interbank platform of Bangladesh yesterday, the highest since the central bank loosened its grip on the exchange rate by letting market dynamics determine the prices.

June 21, 2024
June 21, 2024

Bangladeshi Nationals, Banks: ‘Swiss banks not so lucrative now to park money’

Bangladeshi nationals and banks kept 17.71 million Swiss francs (CHF) in deposits last year in the banks of Switzerland, the lowest on record, reflecting the fading attractiveness of the country among the wealthy to park money.

June 16, 2024
June 16, 2024

Govt trims food distribution plan for FY25 amid high inflation

The government has cut distribution plans for food grains for the upcoming fiscal year of 2024-25, which economists say is an illogical decision since food inflation has soared above 10 percent in the past two months

June 7, 2024
June 7, 2024

Tax burden to get heavier, life even harder

The tax measures unveiled yesterday for 2024-25 are not going to provide any relief to taxpayers.

June 5, 2024
June 5, 2024

Excise duty exemption likely on offshore banking deposits

The development comes after Bangladesh Bank relaxed the rules and allowed banks to receive funds from the OBUs amounting to up to 40 percent of their regulatory capital to settle payment obligations.

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