Just a day after the interim government proposed the national budget and tax measures for fiscal year 2025-26, leading business chambers expressed significant concern that several measures could potentially impede business growth and affect investment.
Corruption remains a pervasive challenge across the country, undermining the effective implementation of the national budget, Anisuzzaman Chowdhury, special assistant to the chief adviser, said at a post-budget discussion yesterday.
If you're planning to import cheap lipstick into Bangladesh anytime soon, think again. The country's interim government, in its latest budget, has quietly declared war on undervalued imports with a series of oddly specific tweaks to customs rules. Among the victims: chocolate bars, lipsticks, eye shadow, and -- wait for it -- inflatable toys.
The government has announced a special allowance for public sector employees and pensioners, effective from July 1, in a move aimed at cushioning their incomes.
The positive objectives laid out in the proposed national budget for fiscal 2025–26 are not backed by measures, said the Centre for Policy Dialogue.
Bangladesh recorded $4.73 billion in exports in May, the highest in at least 23 months, owing to increased shipments of manufactured commodities, especially apparel, ahead of the Eid-ul-Azha festival to be celebrated on Saturday.
Bangladesh’s mobile phone manufacturing industry, once hailed as a potential pillar of the country’s digital ambitions, is bracing for a fresh blow after the interim government proposed a hike in value-added tax (VAT) at the production stage in the national budget for fiscal year 2025-26.
The interim government’s proposal to raise the turnover tax from 0.6 percent to 1 percent from the next fiscal year has sparked an outcry among business leaders, who said the measure could deal a fresh blow to firms already struggling to stay afloat.
For years, local businesses have struggled with an invisible but formidable opponent: a web of outdated, inconsistent, confusing and burdensome regulations. Navigating this bureaucratic maze has often meant facing unpredictable delays, opaque procedures, and uneven enforcement.
The US government’s recent announcement to hike the tariff on Bangladeshi goods by an additional 37 percent has already begun affecting the country’s readymade garment (RMG) industry, according to a leading denim exporter.
Mobile financial services (MFS) provider bKash posted a rise in profit and revenue in 2024.
The government will issue “Red Notices” through Interpol for businesspeople who fled abroad without paying workers’ dues, Brig Gen (retd) M Sakhawat Hussain, adviser to the Ministry of Labour and Employment, said yesterday.
The Bangladesh Bank will consider slashing the policy rate to 7 percent by March, provided that rampant inflation, which has hovered above 9 percent for nearly two years, eases to 5 percent by then, Governor Ahsan H Mansur said yesterday.
Listing of Grameenphone on the stock exchange in 2009 had a huge impact as thousands of investors flocked to open beneficiary owner accounts to get shares of the high-performing company through the initial public offering (IPO).
Remittance inflows in the first ten months of the current fiscal year have already exceeded the total receipts of FY 2023-24
The listed drugmaker made Tk 58 crore in the January-March quarter
So far, ships had been taking away export containers
The Advance Personal Care Limited, a concern of Pran Group, brought the product -- Adora Aloe-Oatbath
