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…

BB eases import rules for industrial establishments without LC

New MDs for 10 public banks proposed  

The Ministry of Finance has proposed the appointment of new…

New MDs for 10 public banks proposed  
Expatriates remit $1.53 billion in 19 days

Expatriate Bangladeshis sent around $1,532.66 million remittances…

Expatriates remit $1.53 billion in 19 days

New committee to probe corruption and market manipulation

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

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

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

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 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

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

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.…

BB simplifies forex rules

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

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 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

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…

Expatriates sent $986 million remittance in first 12 days of October

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…

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

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

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.…