Star Business Report

Amnesty for black money promotes injustice, moral hazard: CPD

The state is promoting injustice and moral hazard by allowing the holders of black money to legalise their undeclared assets through payment of 15 percent tax and without facing any questions, said the Centre for Policy Dialogue (CPD) today.

1w ago

Dhaka’s key index falls to 5,200 points, the lowest in 38 months

Dhaka stocks fell in the morning trade today and the benchmark index touched the lowest in 38 months as investors’ sentiment continued to remain low due to challenging macroeconomic conditions and rising interest rates.

2w ago

CPD's recipes for public finance management

Enhancing fiscal space, prioritising expenditure and foreign financing, ensuring good governance, and protecting the interests of vulnerable and disadvantaged groups should be considered for public finance management in the upcoming fiscal year, said the Centre for Policy Dialogue (CPD) today.

3w ago

High prices make essentials luxury items: CPD

Prices of various essential items have gone up to the extent that they seem luxury goods for many people, particularly poor and vulnerable people, said the Centre for Policy Dialogue (CPD) today.

3w ago

Bangladesh business environment deteriorated in 2023: survey 

Bangladesh’s business environment deteriorated slightly in 2023 compared with 2022, mainly because of sluggish regulatory reforms, weak infrastructure and difficulty in access to finance, according to the Bangladesh Business Climate Index (BBX) released today.

3w ago

Inflation eases but stays above 9% in April

Inflation in Bangladesh fell seven basis points to 9.74 percent in April from a month ago on the back of declining prices of non-food items.

1m ago

DBBL, Bank Asia advance despite market fall in early trade 

Shares of most companies fell in the morning trade on the Dhaka Stock Exchange (DSE), extending a losing streak for the fourth day.

2m ago

Stocks rebound after two-day losses 

Dhaka stocks regained strength in the early trade today paring down the losses incurred in the first two days of trading after nearly a week of holidays.

2m ago
April 11, 2024
April 11, 2024

ADB forecasts 6.1% GDP growth for Bangladesh in FY24, higher than World Bank’s

The ADB’s projection comes days after the Bangladesh Bureau of Statistics said economic growth in the October-December quarter of fiscal 2023-24 halved to 3.78 percent, the slowest pace in three quarters, as manufacturing output growth declined sharply owing to reduced domestic consumption.

April 9, 2024
April 9, 2024

UCB plans to take over troubled National Bank  

United Commercial Bank (UCB) is likely to take over trouble-ridden National Bank Ltd (NBL), according to officials of the lenders. 

April 9, 2024
April 9, 2024

No respite to consumers: Inflation edges up in March

Inflation edged up in March after marginally easing in the previous month, showing no signs of respite to consumers already hurt by the consistent erosion of buying capacity due to elevated prices. 

April 2, 2024
April 2, 2024

Monetary policy transmission hindered by SMART lending rate cap: World Bank

The central bank of Bangladesh has tightened the monetary policy but its transmission has been hindered by the SMART lending rate cap since it slows pass-through to lending rates due to the use of a moving average, the World Bank said in a report today.  

April 2, 2024
April 2, 2024

Bangladesh economy to grow below 6% for two consecutive years: World Bank

Bangladesh’s real GDP growth is projected to remain relatively subdued at 5.6 percent in the current fiscal year, compared to the average annual growth rate of 6.6 percent over the decade preceding the Covid-19 pandemic, the World Bank said today.  

March 23, 2024
March 23, 2024

Hurried bank merger raises questions

The hurried initiative of merging banks may not bring about the desired outcome, said analysts at a webinar.

March 2, 2024
March 2, 2024

FBCCI demands punishment for those responsible for Bailey Road fire

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today demanded exemplary punishment for those responsible for neglecting safety measures after 46 lives were lost in a devastating fire at a building in the capital’s Bailey Road on Thursday night.

February 27, 2024
February 27, 2024

Daraz 'letting go of' employees in Bangladesh, four other countries 

Daraz Group, Alibaba' s South Asian e-commerce arm that operates in five markets including Bangladesh, has announced that it is letting go of “many” employees but stopped short of disclosing the number.

February 27, 2024
February 27, 2024

Return filing deadline for companies extended to April 30

The National Board of Revenue (NBR) today extended the deadline for tax return filing by companies by two months to April 30, according to an order.

February 25, 2024
February 25, 2024

Sammilito Parishad, a panel for BGMEA election, announces its manifesto 

The Sammilito Parishad, a panel which is participating in the biennial polls of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), today said it would work to develop a smart garment sector if it wins the election scheduled March 9. 

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