Businesses yesterday expressed concern over the government’s move to hike the gas price for industrial and captive users and the income tax for consumer durables as those would further decelerate economic activities and fuel inflation.
Elections at major trade bodies have missed the 90-day deadline as new administrators of the business organisations seek amendments to the governing rules.
Local agro-processing giant Pran plans to invest an additional Tk 600 crore in its poultry business within the next two years, responding to the country’s growing demand for eggs and chicken.
The Dhaka Stock Exchange (DSE) has identified a lack of good governance, efficiency and transparency as key issues hindering its ability to effectively contribute to the development of Bangladesh’s stock market.
Bangladesh’s foreign exchange reserves fell to $20 billion yesterday from $21.67 billion after the country paid $1.67 billion in regional import bills through the Asian Clearing Union (ACU).
Despite plans to expand its fleet and international network, Novoair, a private airline in Bangladesh, has been unable to do so due to a global shortage of aircraft available for lease.
The US dollar charged ahead on Thursday, underpinned by rising Treasury yields, putting the yen, sterling and euro under pressure near multi-month lows amid the shifting threat of tariffs.
China said Thursday that an investigation had found the European Union imposed unfair “trade and investment barriers” on Beijing, marking the latest salvo in long-running commercial tensions between the two economic powers.
The previous government, led by Sheikh Hasina, ignored repeated warnings from experts on various economic issues in Bangladesh, according to Mohammed Farashuddin, a former governor of the country’s central bank..“The Hasina administration did not heed warnings from economists on the lack o
Bhattacharya's new three-year term begins on Jan 1 next year
National University Vice-chancellor Professor ASM Amanullah today stressed the need for speeding up development in the country's tourism sector
The leading chamber also re-elected its senior vice president and vice president
The medicine was manufactured at Renata’s Bangladesh factory approved by the US-FDA
The Bangladesh Agro-Meteorological Information Service (BAMIS) has suggested farmers in Khulna, Barishal, Chattogram, Dhaka and Sylhet divisions to take measures to protect their in-field products as the areas could be hit by medium to heavy rainfall on December 20-22 this year.
Bangladesh has been exporting agro-processed foods for over three decades, but the sector has not grown much and still remains highly concentrated within a few countries where Bangladeshi diasporas are the primary buyers.
The National Board of Revenue (NBR) yesterday removed all import taxes on sunflower and canola oils in a bid to encourage imports, boost the supply of edible oil and curb their soaring prices in the domestic market.
Bangladesh’s synthetic and athletic footwear exports have been growing rapidly, emerging as a bright spot in the country’s export basket, which is heavily dominated by readymade garments.
