If banks raise lending rates by one percentage point, it costs local pharmaceutical and chemical conglomerate ACI Limited Tk 70 crore in interest payments.
Experts and members of a labour reform commission formed by the government have suggested the introduction of a national minimum wage for workers and a uniform labour law applicable to employees both inside and outside the Export Processing Zones (EPZs).
Healthcare seekers face higher prices for medicine due to the hike in value-added tax (VAT) on trades by pharmacies and drug stores.
Imports of most essential commodities related to Ramadan increased in the first six months of the current fiscal year 2024-25, with the Bangladesh Trade and Tariff Commission (BTTC) stating that the prices of these items, whose demand rises during the fasting month, would remain stable.
The previous Awami League regime, which touted its efforts to make Bangladesh digital, mirrored the poor farmer in Aesop’s fable of the golden goose when dealing with the mobile voice and internet sectors. The interim government is now replicating this flawed approach following its predecessor’s footsteps.
No independent director will be considered a defaulter if the finance company with which they are associated defaults, the central bank said in a circular.
The Consumers Association of Bangladesh (CAB) yesterday urged the government to refrain from implementing the VAT and supplementary duty (SD) hike until the end of Ramadan, warning that the move would worsen the financial struggles of low- and middle-income families.
Business leaders have presented nine demands to the central bank, including an exit policy, relaxed loan classification rules, and faster disbursement of cash incentives, as they struggle to sustain their industrial institutions amidst ongoing economic hardship.
A lack of specially tailored skill training programmes that match the market demand and poor access to digital devices are the main barriers deterring persons with disabilities from entering ICT sector jobs, according to experts.
The International Monetary Fund (IMF) has asked to increase the tax to GDP ratio by 0.6 percentage points by the end of this fiscal year to make up for last fiscal year’s revenue collection shortfall.
Captive power, which the industrial sector in Bangladesh leans on heavily, has been weakening the financial health of the Bangladesh Power Development Board (PDB) by costing it customers that pay the highest tariffs.
He also said a masterplan to fully automate services at the NBR was being drafted.
The cement maker has to appear before the stockmarket regular on Dec 8
The Bangladesh Bank has asked lenders in the country to provide detailed information on all the loans and liabilities of companies operated by Thermax Group..The banks have been asked to provide the information by Wednesday. There are more than a dozen companies under the group that produc
Core banking will be unavailable from Jan 1-5 next year and agent banking from Dec 30 to Jan 5