Business


Import duty on sugar, eggs slashed; VAT reduced for edible oil

Business —17 October, 2024 22:38

The National Board of Revenue (NBR) on Thursday issued a gazette notification exempting import duty on sugar and eggs, and import and local VAT on edible…

Import duty on sugar, eggs slashed; VAT reduced for edible oil

Poorest countries face highest debt burden for 18 years: World Bank

The world's 26 poorest economies are facing the most significant…

Poorest countries face highest debt burden for 18 years: World Bank
NBR to focus on out-of-court settlement of tax disputes

The National Board of Revenue (NBR) is now putting its focus…

NBR to focus on out-of-court settlement of tax disputes

Boeing to cut 10% of workforce as it sees big Q3 loss

Boeing to cut 10% of workforce as it sees big Q3 loss

Boeing announced that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss amid a machinist strike in the Seattle region. The aviation giant must…

WB cuts Bangladesh’s growth to 4% in FY25

WB cuts Bangladesh’s growth to 4% in FY25

Growth in South Asia is expected to increase to6.4 percent this year, exceeding earlier projections and keeping the regionon track to be the fastest growing in the world, according…

South Asia's growth outpaces expectations

South Asia's growth outpaces expectations

Growth in South Asia is expected to increase to 6.4 percent this year, exceeding earlier projections and keeping the regionon track to be the fastest growing in the world, according…

Exports up by 6.78% in Sept

Exports up by 6.78% in Sept

Bangladesh's export earnings in September increased by 6.78 percent despite workers' unrest in garment sector.  According to the Export Promotion Bureau (EPB) Bangladesh's export…

Sugar import duty cut by 50%

Sugar import duty cut by 50%

The National Board of Revenue (NBR) on Wednesday reduced the regulatory duty on both refined and raw sugar imports by 50 percent to stabilize the local market prices. The duty has…

DSEX climbs by 26.99 points on opening session

DSEX climbs by 26.99 points on opening session

The Dhaka Stock Exchange (DSE) witnessed an upward trend in trading on Wednesday, the last working day of the week. After a difficult session on Tuesday, where all indices posted losses,…

Automation initiative launched at Chittagong Port

Automation initiative launched at Chittagong Port

An initiative to introduce automation at Chittagong Port has been announced by Maritime and Textile Adviser Brigadier General (Retd) Dr. M. Sakhawat Hossain.  He stated that automating…

Govt to issue Tk 5000cr bonds to clear power sector dues

Govt to issue Tk 5000cr bonds to clear power sector dues

The government is set to issue new bonds worth Tk 5000 crore to address pending payments to private power producers, according to official sources.  The move is currently awaiting…

Bangladesh economy to rebound over coming year: HSBC

Bangladesh economy to rebound over coming year: HSBC

Macroeconomic adjustments undertaken in recent months and robust economic fundamentals will pave the way for growth to rebound Bangladesh’s economy over the coming year, observed…

India-Bangladesh trade via Benapole to remain suspended for 5 days

India-Bangladesh trade via Benapole to remain suspended for 5 days

Trade between Bangladesh and India through the Benapole land port will remain suspended for five days from October 9 due to Durga Puja, the largest religious festival of Hindus.  Despite…

Bangladesh received a $425mn remittance in 5 days of Oct

Bangladesh received a $425mn remittance in 5 days of Oct

Bangladesh received inward remittance of US $ 425 million in five days of October, showing an uptrend of $100 million remittance flow year-on-year. According to Bangladesh Bank's latest…

Plan to redesign banknotes, removing Sheikh Mujibur Rahman's image

Plan to redesign banknotes, removing Sheikh Mujibur Rahman's image

The interim government of Bangladesh has announced a significant redesign of the country’s currency, starting with the Tk 20, Tk 100, Tk 500, and Tk 1000 denominations. Notably,…

Businesses call for full restoration of law & order

Businesses call for full restoration of law & order

Business leaders at a roundtable here today called upon the interim government for restoring fully the law and order especially in the industrial belts, lowering interest rates and…

Carew & Company plagued by malpractices

Carew & Company plagued by malpractices

Irregularities including theft and missing of goods at Carew & Co. (Bangladesh), a traditional industry in the southwestern district of Chuadanga’s Darshana, have become…