Business
BB eases import rules for industrial establishments without LC
Business —24 October, 2024 19:10
Bangladesh Bank has introduced new measures to simplify imports for industrial establishments, allowing them to proceed without a traditional letter of…
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New MDs for 10 public banks proposed
The Ministry of Finance has proposed the appointment of new…
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Expatriates remit $1.53 billion in 19 days
Expatriate Bangladeshis sent around $1,532.66 million remittances…


New committee to probe corruption and market manipulation
To stabilize Bangladesh's capital market and protect investors, the government has established a committee to probe past irregularities, corruption, and market manipulation, particularly…

EPB Vice Chairman appointed as BGMEA administrator
The government has appointed Export Promotion Bureau (EPB) Vice Chairman Md Anwar Hossain as the administrator to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).…

Tk 3.61cr revenue earned from Sundarbans tourism in 2023-24FY
Over 2 lakh local and foreign tourists visited the Sundarbans in fiscal 2023-24, helping the government earn Tk 3.61 crore as revenue from the world's largest mangrove forest, officials…

Govt to procure 55 lakh liters soybean oil, 1.50 lakh tonnes fertilizer
The government has approved separate proposals for procuring some 55 lakh liters of soybean oil and 1.50 lakh metric tons (MTs) of fertilizer to meet the growing demand of the country.…
Six struggling banks receive Tk 1,640 crore in liquidity support
Six financially weak banks, grappling with liquidity crises, have reportedly received a total of Tk 1,640 crore in loans by three stronger banks. Sources at the Bangladesh Bank said…

Commodity prices soar despite subsidies
Bangladesh is struggling with a surge in the prices of essentials such as sugar, lentils, and soybean oil, despite significant government subsidies. Last week, the government released…

RMG suffers around $400m losses in labour unrest: BGMEA
Bangladesh's garment industry suffered an estimated production loss of around $400 million due to the recent workers’ unrest in September and October in Savar, Ashulia, and Gazipur.…
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BB simplifies forex rules
Bangladesh Bank (BB) has simplified foreign exchange rules through three separate circulars, allowing banks to remit different types of payments abroad without its approval. The rules…

Import duty on sugar, eggs slashed; VAT reduced for edible oil
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 oil to increase supply and…

Chinese company to invest $5.85m in Adamjee EPZ
Chinese company JIDALAI Co. Ltd. is going to invest US$ 5.85 million to set up a pullers of zipper manufacturing industry in Adamjee Export Processing Zone (AEPZ). This Chinese company…
Cyber criminals helping Russia and China target US
Russia, China and Iran are increasingly relying on criminal networks to lead cyberespionage and hacking operations against adversaries like the U.S., according to a report on digital…
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Expatriates sent $986 million remittance in first 12 days of October
Bangladeshi expatriates have sent US $986 million in remittance in 12 days of October, showing an upward trend of inward remittance flow in the legal channel. According to the latest…
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Poorest countries face highest debt burden for 18 years: World Bank
The world's 26 poorest economies are facing the most significant debt burden since 2006, the World Bank announced in a new report published Sunday. Government debt in these countries,…
NBR to focus on out-of-court settlement of tax disputes
The National Board of Revenue (NBR) is now putting its focus on settling the long pending cases through Alternative Dispute Resolution (ADR) system to boost the revenue collection.…