Business


Post budget reaction: ICAB warns of inflation risk linked to bank borrowing

Business —8 June, 2024 19:41

The Institute of Chartered Accountants of Bangladesh (ICAB) on Saturday welcomed the proposed budget for the fiscal year 2024-25 for changing some rules…

Post budget reaction: ICAB warns of inflation risk linked to bank borrowing

CPD sees ‘high ambition’ in budget to tame inflation

The Centre for Policy Dialogue (CPD) has termed the government's…

CPD sees ‘high ambition’ in budget to tame inflation
American Chamber expresses concern over turnover tax hike

American Chamber of Commerce in Bangladesh (AmCham) expressed…

American Chamber expresses concern over turnover tax hike

Budget FY25: Uncertainty surrounds VAT exemption for Metro Rail tickets

Budget FY25: Uncertainty surrounds VAT exemption for Metro Rail tickets

No decision has been made yet on extending the VAT exemption for Dhaka Metro Rail tickets, which is set to expire on June 30.  Finance Minister Abul Hasan Mahmood Ali did not…

Corporate tax cut to 25% proposed

Corporate tax cut to 25% proposed

The government is all set to curtail corporate income tax by 2.5 percentage points in a bid to encourage compliance with a condition of promoting cashless transactions. Finance Minister…

Tax free income ceiling remains at Tk 3.5 lakh

Tax free income ceiling remains at Tk 3.5 lakh

The government has retained the tax-freeincome limit at Taka 3.5 lakh for individual taxpayers for the fiscal year(FY25). "I propose to keep the tax-free income thresholds of natural…

97.70 lakh Bangladeshi expatriates work in 176 countries

97.70 lakh Bangladeshi expatriates work in 176 countries

From 2009 to 2023, a total of 97,07,250 workers from Bangladesh, including 10,85,117 female workers, have been employed in 176 countries across the world. Finance Minister Abul Hasan…

Health sector sees a little uplift in the new budget proposals

Health sector sees a little uplift in the new budget proposals

Though he emphasised the government's commitment to bolstering the health sector, Finance Minister AH Mahmood Ali has slightly increased the allocation for the ailing healthcare system…

Budget FY25: GDP growth target set at 6.75%

Budget FY25: GDP growth target set at 6.75%

  Finance Minister AH Mahmood Ali on Thursday said it is expected that pursuing all the “prudent policy measures” will help achieve GDP growth of 6.75 percent in the…

Telecommunication law to be reformed

Telecommunication law to be reformed

The government is set to introduce a new telecom law that aligns with technological advancements and promotes a business-friendly environment. “The draft, prepared by the Ministry…

Budget FY25 to allow legalisation of untaxed money with 15% tax

Budget FY25 to allow legalisation of untaxed money with 15% tax

In the face of an adverse economic environment, Finance Minister Abul Hassan Mahmood Ali faces limited spending options for the upcoming budget. The dual challenges of a financial…

Court rules Google must face £13.6bn advertising lawsuit

Court rules Google must face £13.6bn advertising lawsuit

Google must face a £13.6bn lawsuit alleging it has too much power over the online advertising market, a court has ruled. The case, brought by a group called Ad Tech Collective…

IMF loan conditions unmet as revenue target falls short interest payments surge

IMF loan conditions unmet as revenue target falls short interest payments surge

The International Monetary Fund (IMF) has extended credit support facilities with loan conditions, given the current economic situation. However, it's anticipated that the forthcoming…

Exports up 2% in July-May

Exports up 2% in July-May

The country's export earnings witnessed a 2.01 percent growth in the first eleven months from July to May of the current fiscal 2023-24 (FY24) raising the total volume to US$ 51.54…

Paris Hilton among users targeted in TikTok hack

Paris Hilton among users targeted in TikTok hack

  TikTok says it is addressing a cyber-attack that targeted brands and celebrities, including Paris Hilton and CNN. However, the video-sharing app told the BBC that a "very limited"…

Shares in Modi ally Adani's firm crash 25% during India vote count

Shares in Modi ally Adani's firm crash 25% during India vote count

Shares in the main listed unit of Indian billionaire Gautam Adani's conglomerate nosedived 25 percent on Tuesday, before rebounding slightly, as election results suggested a reduced…

JS goes into budget session tomorrow

JS goes into budget session tomorrow

The third session of the 12th Jatiya Sangsad (JS) will begin tomorrow. It will be the first budget session of the present stint of the Awami League government came to power through…