Economy

Economy

No tax on donations to siblings

Alongside existing exemptions for spouses, parents, and children, the government has proposed tax exemptions on donations made to siblings as part of its latest fiscal measures.

1d ago

Ctg port gets 15 new straddle carriers for Tk 124cr

Chattogram Port has added to its fleet 15 new four-high straddle carriers, an essential type of container-handling equipment.

1d ago

Govt to buy 200 pickups for police

The government approved the purchase of 200 double-cabin pickups for the police and the import of 1.3 million tonnes of refined petroleum products to meet fuel demand in the second half of the year.

1d ago

Banks see cash withdrawal surge for Eid

Bank branches in Dhaka experienced a massive surge in cash withdrawals and other banking transactions yesterday, the last working day before a 10-day Eid-ul-Azha holiday. 

1d ago

Tax hike to weigh on compliant businesses: FICCI

The Foreign Investors' Chamber of Commerce and Industry (FICCI) yesterday termed reform measures in the proposed national budget "positive" but warned that implementation of certain tax measures may lead to unintended burdens on industries and individuals.

1d ago

Sonali Bank reports Tk 988cr profit in 2024

Sonali Bank saw its earnings rise in 2024, driven by higher interest income.

1d ago

Home appliances to cost more as VAT relief ends

Consumers are likely to pay more for a range of home appliances, from rice cookers and clothing irons to air conditioners (ACs), as the government phases out value-added tax (VAT) exemptions on locally manufactured electronics.

1d ago

Baggage rules for gold tightened

The government has introduced stricter regulations on the import of gold bars and ornaments under newly updated baggage rules while offering some leniency in other areas.

1d ago

Rival panels submit nominations for BGMEA elections

In the BGMEA election, two panels — the Forum and Sammilito Parishad — are contesting

1m ago

Bangladesh’s garment exports to EU surge 37% in Jan-Feb

However, the unit price of apparel exports declined by 1.46 percent during the period

1m ago

World breathes sigh of relief as Trump spares Fed, IMF

Global policymakers gathering in Washington this week breathed a collective sigh of relief that the US-centric economic order that prevailed for the past 80 years was not collapsing just yet despite Donald Trump's inward-looking approach..The Spring Meetings of the International Monetary F

1m ago

Small traders seek easier VAT process for smooth business

They made the demands at a view-exchanging meeting organised by the Dhaka Chamber of Commerce and Industry (DCCI) in Dhaka today, according to a press release. 

1m ago

Auto dealers seek duty cuts as imports fall 30% 

A major part of BARVIDA’s proposals for the upcoming 2025–26 national budget is the reduction of SDs on hybrid vehicles.

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Grameenphone first-quarter profit falls 53% amid data pricing pressures

Earnings per share declined to Tk 4.69 from Tk 9.91, according to the company’s financial statements.

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Bangladesh moves to split revenue authority with new ordinance

Bangladesh’s interim government has moved to restructure the country’s tax system by creating two new divisions under the Ministry of Finance, a move aligned with recommendations from the International Monetary Fund.

1m ago

When the watchdogs sleep

The inquiry committee – the corporate world’s ultimate weapon of mass distraction. These panels, ornamented with terms of reference and corporate lingo, have gained global recognition not for delivering justice but for achieving the delicate art of appearing busy while doing absolutely nothing. From New York’s Wall Street to Dhaka’s Gulshan Avenue, inquiry committees are universally cherished by management whenever swift justice must be thoroughly avoided or derailed.

1m ago

Chinese businesses in Vietnam struggle with Trump tariffs uncertainty

A year ago Zhang Chundong helped the firm he manages expand into Vietnam, part of a wave of Chinese businesses to choose the booming manufacturing hub since the trade war of US President Donald Trump’s first term.

1m ago

Bangladesh showing export potential amid economic headwinds

Bangladesh is showing its industrial capabilities and export resilience even amid economic uncertainty and political transition, according to speakers. 

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