Elected govt needed to revive economy
The sooner the country returns to a democratic process, the better it is for the economy, said top industrialist Ahsan Khan Chowdhury.
3d ago
Bangladesh loses $335m a year for corporate tax abuse
Bangladesh is losing $355 million in tax annually because of outward profit shifting by the corporates, particularly multinational firms, and abuses by individuals who have wealth, especially in tax havens.
4d ago
Political consensus needed to make reforms sustainable
Without proper institutions, it’s not possible to prevent abuse of power, prevent corruption, and improve public life, said business leader Abdul Awal Mintoo.
1w ago
Political consensus needed for sustainable reforms: Mintoo
Without proper institutions, it’s not possible to prevent abuse of power, prevent corruption, and improve public life, says business leader Abdul Awal Mintoo
1w ago
Widespread graft was the norm, not exception
The Awami League regime's economic strategy was not always based on equity.
1w ago
Govt gears up efforts to raise rice imports to curb prices
Against the backdrop of rising prices, the government has geared up efforts to buy rice from the international market to replenish stocks and ensure distributions under social safety net schemes to arrest market volatility.
2w ago
AL policy favouring oligarchs dampened economy
The Awami League government favoured the super-rich who controlled capital and laundered the funds aboard, dampening the country’s economy.
3w ago
Defying guidelines, NTTN operators yet to go public
Five of the six operators of Nationwide Telecommunication Transmission Network (NTTN) have not gone public despite being mandated to float shares on the stock market several years ago.
3w ago
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
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
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
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
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
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
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
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.
June 3, 2024
Budget expands, goals are never met
The government is expanding the size of the national budget every year. However, it has fallen short of attaining its targets over the years, be that in terms of revenue collection or development expenditure.
May 26, 2024
Social safety net allocations inflated
Data by the finance ministry showed that the allocation for the pensions and interest payments account for 30 percent of the total social security programme fund of Tk 126,090 crore for the current fiscal year of 2023-24.
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