Investments
NBR plans self-assessment of tax liabilities for all firms
The National Board of Revenue (NBR) is likely to introduce self-assessment for companies from 2024-25 to allow them to determine their own tax liabilities and cut reliance on taxmen.
Lending through agent banking rises 41%
Agents disbursed Tk 16,482.5 crore loans as of March this year, up from Tk 11,667 crore in March last year
Stocks fall for sixth straight day
Shares on the Dhaka Stock Exchange (DSE) fell for the sixth consecutive day yesterday thanks mainly to the price erosion of several large-cap scrips.
BB lets bankers offer existing dollar rate to exporters
In its effort to arrest the fall in forex reserves and bring unrealised export proceeds into the country, the Bangladesh Bank today allowed bankers to offer the existing US dollar exchange rate to exporters.
ABB clarifies reasons of bank MDs' USA visit
26 managing directors are going on invitation to attend Annual US-Bangladesh Bilateral Banking Dialogue
Achieving $110b export target by FY27 is difficult
The government’s target of earning $110 billion from exports by the fiscal year of 2026-27 would be difficult to attain because of the persisting challenges in the global and local economies, economists and businesspeople said.
Online tax returns can bring $32b extra revenues annually: CPD
Bangladesh can raise an additional $32.6 billion in revenues annually within the next four years if the electronic filing of tax returns can be ensured, said the Centre for Policy Dialogue (CPD) yesterday.
Cash subsidy for exports surges. Only garment yields expected results
The government’s cash incentive against export receipts has soared over the years although many sectors could not make their mark in the global market, bringing in limited results for the government’s diversification initiative.
Next budget will be challenging than previous years: Debapriya
High inflation, rising pressure on external account to slow down economy, the economist said
Power producers may lose zero-duty benefit
Power generation companies, including rental ones, may see an end to a zero-duty benefit on their import of machinery, equipment and spare parts from next fiscal year as the government moves towards generating more revenue curtailing the practice of handing out tax exemptions.
Business leaders call for interest rate ceiling
The Bangladesh Bank told businesspeople that the lending rates will not exceed 14 percent, according to the leaders of several trade bodies.
UAE’s AD Ports Group to invest $1 billion to develop Ctg port
The Chittagong Port Authority signs MoU with the Abu Dhabi-based company
Jamuna Bank Q1 profit up 23%
In Jan-Mar, the bank made a profit of Tk 164 crore this year, up from Tk 134 crore last year
Dhaka Bank’s Q1 profit highest in 4 years
The bank's profit rose 26% year-on-year to Tk 60.39 crore in Jan-Mar period of 2024
Bangladesh expands offshore banking in hunt for forex
Offshore banking is increasingly becoming a key window for banks in Bangladesh to facilitate investments and international trade by attracting deposits in foreign currencies.
Investors in hi-tech parks, EZs may lose tax benefits
Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.
Islamic banks lose Tk 8,496 crore deposits in a month
Deposits in Islamic banks reduced, but in Islamic banking branches of conventional banks rose
