Business


Classified loans in Bangladesh hit Tk 2.85tn

Business —17 November, 2024 17:10

The total classified loans in Bangladesh have surged to a staggering Tk 2.85 trillion, representing nearly 17% of the total disbursed loans, according to…

Classified loans in Bangladesh hit Tk 2.85tn

Shortfall in NBR’s revenue collection continues in first 4 months of FY25 

The National Board of Revenue (NBR) has continued to fall behind…

Shortfall in NBR’s revenue collection continues in first 4 months of FY25 
Reserves drop to $18.19b

Bangladesh’s foreign exchange reserves fell below the…

Reserves drop to $18.19b

Bangladesh, Singapore commend launch of FTA negotiation

Bangladesh, Singapore commend launch of FTA negotiation

Bangladesh and Singapore have expressed satisfaction with the launching of Free Trade Agreement (FTA) negotiation and hoped that FTA would facilitate more economic engagements between…

Policy rate raised to 10% in bid to curb inflation

Policy rate raised to 10% in bid to curb inflation

Bangladesh Bank (BB) has increased policy interest rate once again as move to curb inflation by withdrawing excess liquidity from the market.  The decision, announced by the central…

Receiver appointed at Beximco Group for 'survilance'

Receiver appointed at Beximco Group for 'survilance'

Bangladesh Bank Executive Director Ruhul Amin has been appointed as 'receiver' at the leading manufacturer Beximco Group. The central bank took the decision at its board meeting, chaired…

October exports surge by 20.6%

October exports surge by 20.6%

Country’s export earnings in October witnessed a healthy growth of 20.60 percent fetching US$4.13 billion, up by $0.71 billion from $3.42 billion of the same month of the last…

LNG projects to cost Bangladesh $50b: Report

LNG projects to cost Bangladesh $50b: Report

The development of new liquefied natural gas (LNG) power projects and import terminals could cost the Bangladesh economy an estimated US$50 billion, reveals a recent report. The report…

BB to lift LC margin on essentials import ahead of Ramadan

BB to lift LC margin on essentials import ahead of Ramadan

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur on Thursday said that they have taken a decision to issue a circular asking all banks not to impose LC margin on import of essential…

Inflation up in Oct

Inflation up in Oct

The general point-to-point inflation rate in Bangladesh rose in October, reaching 10.87 percent, up from 9.92 percent in September, 2024. According to the latest data from the Bangladesh Bureau of Statistics (BBS), the increase was driven by a rise in food inflation, which jumped to 12.66 percent from 10.40 percent. Meanwhile, non-food inflation showed a slight decline, easing to 9.34 percent in October from 9.50 percent in September.

Govt plans big to boost national revenue in the next two fiscals

Govt plans big to boost national revenue in the next two fiscals

In its bid to boost the national revenue the interim government has set a target to collect Tk 6,15,500 crore and Tk 6,95,100 crore respectively for the next two fiscals. In the next…

Onion import duties scrapped

Onion import duties scrapped

In an effort to keep onion prices affordable, the National Board of Revenue (NBR) has announced the complete withdrawal of the existing import and regulatory duties on onion imports.…

No liquidity crisis, Tk 5,585cr support provided to 7 banks

No liquidity crisis, Tk 5,585cr support provided to 7 banks

Bangladesh Bank has assured the public that there is no liquidity crisis in the banking sector, emphasizing that depositors’ funds remain secure.  At a press briefing held…

Govt approves bulk imports of rice, wheat, sugar, LNG, fertiliser

Govt approves bulk imports of rice, wheat, sugar, LNG, fertiliser

The Advisors Council Committee on Government Purchase (ACCGB) on Wednesday approved a number of proposals to procure rice, wheat, sugar, LNG, fertiliser to meet local demands and award…

NBR: No need for any hard copies in online tax submission

NBR: No need for any hard copies in online tax submission

The National Board of Revenue on Tuesday said hard copies need not be submitted to VAT office after filing online returns, coefficient declarations,etc. The NBR said that it has been…

Govt inks €2.97m grant agreement with IOM

Govt inks €2.97m grant agreement with IOM

The Economic Relations Division (ERD) of the Ministry of Finance signed a grant agreement with the International Organization for Migration (IOM) worth €2,970,297. Md. Shahriar…

Capital gains tax over Tk 50 lakh set at 15%

Capital gains tax over Tk 50 lakh set at 15%

The National Board of Revenue (NBR) on Monday reduced the tax rate to 15 percent on capital gains above Taka 50 lakh from selling shares of listed companies on the stock exchanges…