Garment exports to non-traditional markets grew 6.79 percent year-on-year to $6.04 billion in the July-May period of the outgoing fiscal year, according to data from the Export Promotion Bureau compiled by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
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).
Most listed companies saw their profits shrink in the January-March period of the current year as stubbornly high inflation pushed up business costs while weak consumer demand held back sales growth.
Bangladesh’s expenditure on poverty reduction has been gradually declining, and in the upcoming fiscal year of 2025-26, it is set to hit a four-year low due to a decrease in spending that directly impacts hunger.
Bangladesh may face disruptions to its fuel imports if the conflict between Iran and Israel escalates further, according to industry experts and officials.
Mango prices are rising following a recent slump that had resulted in losses for many traders.
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.
Bangladesh’s shift to a market-based currency exchange system marks an effective transformation of the country’s macroeconomic policy approach.
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.
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.
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.
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.
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.
Banks could face financial risks unless immediate climate action is taken, said the Bangladesh Bank (BB) in its first climate stress testing report published yesterday.
The National Board of Revenue (NBR) has set a target to raise Bangladesh’s tax-to-GDP ratio to 10.5 percent by the fiscal year 2034-35, as part of its newly formulated 10-year revenue strategy, according to official documents.
Jamuna Oil Company’s profit rose in the third quarter of fiscal year (FY) 2024-25 due to higher sales and interest income from deposits.
The taskforce for capital market reforms has suggested excluding power plants from the list of marginable securities as their nature of having fixed tenures makes them more aligned with bonds..The taskforce submitted its final proposals to the Bangladesh Securities and Exchange Commission
The company made the request as the BSEC’s proposed appointment of nine additional independent non-executive directors to its board remains pending before the High Court of Bangladesh
