Economy

Economy

Made in Vietnam: Hanoi cracks down on fake goods as US tariffs loom

Since the United States accused Vietnam of being a hub for counterfeit goods, Tran Le Chi has found it increasingly hard to track down her favourite fake Chanel T-shirts, Gucci sunglasses and Louis Vuitton handbags.

40m ago

Will floating exchange rates attract foreign stock investors?

Bangladesh’s shift to a market-based currency exchange system marks an effective transformation of the country’s macroeconomic policy approach.

40m ago

Plastic industry seeks VAT relief

1Plastic goods manufacturers yesterday urged the government to reduce the value-added tax (VAT) on plastic tableware and household items from the proposed 15 percent to 5 percent, warning that it would otherwise severely impact low- and middle-income consumers.

40m ago

Small footwear makers call for VAT waiver

Small-scale footwear manufacturers have urged the interim government to exempt low-cost rubber and plastic footwear, priced at or below Tk 150, from the 15 percent value-added tax (VAT).

40m ago

Trump says EU not offering ‘fair deal’ on trade

US President Donald Trump said Tuesday that the European Union had yet to offer a “fair deal” on trade, as Washington negotiates tariff agreements with friends and foes alike.

40m ago

When developing countries band together, lifesaving drugs become cheaper and easier to buy − with trade-offs

Understanding trade-offs can help countries better prepare for future health emergencies and treat chronic conditions

3h ago

42% of disaster-hit households forced to use up savings: study

Study also shows less than 1% of households got public or private support

3h ago

Digital service providers: era of partnership?

When I first joined the Bangladesh Telecommunication Regulatory Commission (BTRC) back in 2007, our country’s telecom landscape was dominated by mobile services.

3h ago

Bangladesh in ‘intensive discussion’ with UK to recover laundered money: BB governor

Mansur said Bangladesh had requested mutual legal assistance from several countries, including the UK

3d ago

Stocks decline in first session after 10-day Eid holiday  

The DSEX dropped 3.66 points to 4,705.43 as of 11:18 am

3d ago

Bangladesh to get $250m from WB

The World Bank (WB) has approved $250 million in financing to support Bangladesh in enhancing transparency, accountability, and efficiency across key government institutions.

3d ago

IMF’s two tranches to be placed to board on June 23

The proposal to release the third and fourth tranches of the International Monetary Fund’s $4.7 billion loan is set to be presented to the multilateral lender’s board on June 23 after the government fulfilled all prior conditions.

4d ago

How frequent policy shifts deter firms from going public

If a company gets listed, it will enjoy tax benefits, and this is one of the major incentives for them to go public.

4d ago

Over 75% of April remittance went to Dhaka, Ctg

Dhaka and Chattogram divisions received over three quarters of the remittance sent by Bangladeshis living abroad in April this year, while six other divisions accounted for 27 percent of the total.

4d ago

BB aims to raise $100m to recover laundered assets

Bangladesh Bank (BB) Governor Ahsan H Mansur aims to raise $100 million from global litigation funders to finance asset recovery from business and political figures tied to the regime of ousted prime minister Sheikh Hasina by 2025.

4d ago

Govt to amend insurance law, limiting family ownership

The government has taken the initiative to amend the insurance law, aiming to give the regulator greater authority to dissolve and restructure the boards of insurers, limit family ownership concentration, and impose hefty fines for breaking the rules.

4d ago

IT exports witness slight rise in July-March

Bangladesh’s IT exports witnessed a slight rise in the first nine months of the current financial year, buoyed by growing global demand for AI-powered services.

4d ago

Budget offers little to build national capital

The interim government has presented its first national budget, possibly the last under this setup.

4d ago