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.

43m 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.

43m 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.

43m 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).

43m 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.

43m 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

Banglalink raises data, voice and bundle volumes by up to 25%

Banglalink has launched a new range of data packages, increasing the volume of data, voice minutes, and bundle allocations by up to 25 percent..Customers can now get 20 percent more data, 22 percent more voice minutes, and expanded bundle volumes under the updated plans, the third-largest

1m ago

BSEC promotes orange bond to improve women’s access to finance

The Bangladesh Securities and Exchange Commission (BSEC) promotes orange bonds to provide women entrepreneurs, especially those in rural areas, an easy financing solution, remove gender bias, and improve women’s living standards, said its officials yesterday.. They were addressing a worksh

1m ago

Stocks decline for second consecutive day 

Turnover, an important indicator of market activity, plunged 35 percent to Tk 291.07 crore

1m ago

Lovello directors to buy shares worth Tk 1.63cr

Two directors of Taufika Foods and Lovello Ice-cream have announced plans to purchase shares worth around Tk 1.63 crore from the public market through the Dhaka Stock Exchange (DSE) by April 30 this year.

1m ago

Bangladesh, Pakistan RMG exporters keen to boost trade

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) yesterday signed a memorandum of understanding (MoU) to strengthen bilateral trade between the two countries.

1m ago

Small machinery tailored for farmers can boost output: experts

Small agricultural machines tailored for Bangladesh’s smallholder farmers could drive a new wave of cost-efficient productivity and rural prosperity, experts said at a seminar yesterday.

1m ago

BB urges Fitch to reconsider outlook on Bangladesh

Bangladesh Bank (BB) yesterday urged global credit rating agency Fitch to reconsider its outlook on Bangladesh, reasoning that the country’s economy, especially the external sector, was recovering.

1m ago

Small machinery tailored for farmers can boost output: experts

Small agricultural machines tailored for Bangladesh’s smallholder farmers could drive a new wave of cost-efficient productivity and rural prosperity, experts said at a seminar yesterday.

1m ago

BTRC to ask Banglalink to pay at least Tk 70cr in tower sale fees

The Bangladesh Telecommunication Regulatory Commission (BTRC) has decided to issue a final directive to Banglalink Digital Communications Ltd, asking the mobile operator to deposit 5.5 percent of the total value of its tower sales, along with all applicable VAT and late fees, to Summit Towers Limited within ten working days.

1m ago

Walton plans Tk 114cr lithium battery factory

Walton Hi-Tech Industries PLC, a leading electrical and electronic appliance manufacturer, has announced plans to establish a facility to manufacture lithium-ion cells at a cost of nearly Tk 114 crore.

1m ago