Imports stay subdued as biz pickup awaited

Overall imports stay subdued, with over 5.0-percent fall in the first quarter (Q1) of the current fiscal, under the hangover of recent austerity and businesses' 'wait-and-see posture' following political unrest.The deposed government had adopted a tightfisted stance on import amid dollar dearth following depletion of forex reserves and in sync...

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Revenue board proceeds to tax ex-minister's wealth

Bangladesh's tax intelligence moved to dig out data on former land minister Saifuzzaman Chowdhury's wealth from the UK property-licensing authority to claim tax on it as the current hunt for siphoned-off assets gets going. Armed with provisions of the Income Tax Act 2023, the Central Intelligence Cell (CIC) of the...

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China deflation can help BD economic reflation with cheap imports

Deep deflation in China offers Bangladesh prospect of economic reflation with cheaper imports, particularly of capital goods.Bangladesh being heavily dependent on imports from the world's second-largest economy, lower import costs are believed to provide it some relief on the overall economic front.In May 2024 alone, Bangladesh sourced over 28 per...

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Prayer Timings (2024-10-14)

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