BB verifying info of 5 foreign shareholders of Nagad Bank
Bangladesh Bank yesterday asked the foreign ministry to verify a number of information of five foreign shareholders of Nagad Digital Bank PLC.
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Mobile internet users complain of Facebook outage again
Mobile internet users in Bangladesh have complained of Facebook and Messenger outages again.
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Marico’s profit jumps 30% in April-June quarter
Marico Bangladesh Ltd, a listed multinational company, said its profit soared 30 percent year on year to Tk 172.57 crore in the April-June quarter.
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S&P downgrades Bangladesh rating amid deadly protests
S&P Global has downgraded Bangladesh’s rating amid persistent pressure on the country’s external accounts and deadly protests.
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More internet disruptions till 6:00pm
Internet connectivity in Bangladesh will face partial disruptions for 12 hours today due to the maintenance of a submarine cable. That comes on top of the country’s already slow internet speed.
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Stocks return from losses in nervous trade
Stocks gained marginally in early trade today, returning from losses it suffered a day earlier.
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Bangladesh faces internet disruptions for 12 hours
Internet connectivity in Bangladesh will face partial disruption for 12 hours from this morning because of maintenance of 1st submarine cable, said Bangladesh Submarine Cables PLC (BSCPLC) in a press release.
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Linde Bangladesh sells its welding electrode business to ESAB Group
Linde Bangladesh Ltd has sold its welding electrode business to ESAB Group, an American-Swedish industrial company, said the company today.
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March 7, 2023
The tax-free income threshold for personal income should be raised to Tk 3.50 lakh considering the added pressure of rising commodity prices, particularly those of food items, said the CPD
The Centre for Policy Dialogue (CPD) today urged the government to reduce the duties and taxes, both at import and domestic levels, on essential commodities in order to provide some respite to consumers with low and limited income amid higher inflation.
March 7, 2023
Economic Association for all-out efforts to cut inequality
The Bangladesh Economic Association (BEA) today urged the budget planners to employ all possible ways to reduce the inequality related to wealth, income, health, and education.
March 7, 2023
BKMEA for continuation of current corporate tax rate for 5 more years
The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) today urged the government to cut the tax deducted at source and continue the existing corporate tax rate for another five years.
March 7, 2023
Textile millers seek removal of import stage taxes on fibres
The Bangladesh Textile Mills Association (BTMA) today sought the scope to import all types of fibres, including recycled and manmade, in the upcoming fiscal year of 2023-24 without paying any duty and other taxes and any non-tariff barriers.
March 7, 2023
BGMEA seeks cuts in tax deducted at source
Apparel exporters today sought a host of tax benefits, including bringing down the tax deducted at source and withdrawing income tax levied on cash incentives in the upcoming fiscal year, in a bid to help the garment industry deal with the current economic stress.
February 28, 2023
IPDC Finance makes Tk 90.18 crore profit in 2022
IPDC Finance Limited’s profit rose to Tk 90.18 crore in the financial year that ended on December 31, up 2.5 per cent from a year earlier.
February 28, 2023
Fu Wang Foods posts 55% profit growth in July-December
Fu Wang Foods Ltd posted a 55 per cent increase in profit to Tk 1.55 crore in the July-December half of the current financial year.
February 19, 2023
Confidence Cement’s profit down 20% in Oct-Dec quarter
Confidence Cement Ltd reported a Tk 22.51 crore profit in the October-December quarter of the current financial year.
February 19, 2023
Harpic maker Reckitt Bangladesh reports 18% earnings drop
Reckitt Benckiser (Bangladesh) PLC made a profit of Tk 65.91 crore in the year that ended on December 31, down 18.44 per cent year-on-year.
February 15, 2023
Govt to buy LNG at 16% lower price
At yesterday’s meeting, the cabinet committee also gave the nod to the Trading Corporation of Bangladesh (TCB) to buy 1.10 crore litres of soybean oil from City Edible Oil Ltd at Tk 174.5 per litre.
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