DOULOT AKTER MALA | 2022-08-29 00:00:00
Industrial and domestic consumers of two basic utility services - electricity and gas - paid Tk 315.35 billion taxes to the public exchequer with their consumption charges during the last five fiscal years (FY 2017-18 to FY 2021-22).The amount is...
SIDDIQUE ISLAM | 2022-08-29 00:00:00
The central bank has decided to introduce foreign currency (FC) clearing and settlement through the RTGS system for the first time - from September 04 - to facilitate business activities, officials said.Under the new payment system, five currencies - including...
Nazimuddin Shyamol | 2022-08-28 00:00:00
CHATTOGRAM, Aug 27: A portion of the under-construction elevated expressway will be opened to traffic by the year end to facilitate vehicular movement to and from the port city through Bangabandhu Tunnel which awaits inauguration in December. Officials said, implementing...
SIDDIQUE ISLAM | 2022-08-28 00:00:00
Global rating agency Standard & Poor's (S&P) has considered Bangladesh's exchange rate regime as a crawl-like arrangement, though the trading mechanism was further liberalised in June 2022.Since then, the taka's nominal exchange rate has depreciated by about 10 per cent...
Alasdair Pal and Aftab Ahmed | 2022-08-28 00:00:00
NEW DELHI, Aug 27 (Reuters): For years Indian television company NDTV pursued an independent line critical of the government even as others embraced strident nationalism. Now a proposed takeover by tycoon Gautam Adani's conglomerate has raised fears that one of...
Asjadul Kibria | 2022-08-28 00:00:00
After a strong rebound last year, there was an expectation that global trade would be on the path of steady growth in the current year. However, the Russia-Ukraine war, starting in late February, dimmed the optimism to some extent. Though...
REZAUL KARIM | 2022-08-27 00:00:00
The central bank has suggested preparing a state policy on cross-border ecommerce as stakeholders say Bangladesh misses billions in such untapped online trade in goods and services. In its report to commerce ministry on modalities of the trade, the Bangladesh...
S M JAHANGIR and SYFUL ISLAM | 2022-08-27 00:00:00
Less-than-expected reform measures for ensuring labour rights hold back restoration of the Generalised System of Preferences (GSP) facility for Bangladesh by the United States, a top US trade official has said."Bangladesh has taken some initial steps to amend its labour...
BABUL BARMAN | 2022-08-27 00:00:00
Stocks notched a second week of gains, as investors started coming off the sidelines to join the market rally, optimistic about improved economic outlook in coming days. Out of the five trading days this week, four sessions closed higher, thanks...
Nilratan Halder | 2022-08-27 00:00:00
The nation observes the anniversary of death of the country's national poet Kazi Nazrul Islam today (Saturday). Apparently there is nothing wrong with this statement. But does the nation do so? Are there the arrangements at the grassroots level and...
Syed Fattahul Alim | 2022-08-27 00:00:00
Although there has been no letup so far in the rise in the cost of about everything that people of this country need to survive, there seems to be a respite at least in the skyrocketing price of egg. Indeed,...
DOULOT AKTER MALA | 2022-08-26 00:00:00
The government has moved to slash import taxes of two key essentials -- diesel and rice -- as high food and fuel prices amid boiling inflation hits hard ordinary people.The major step comes following instructions from government high-ups as the...
Nilratan Halder | 2022-08-26 00:00:00
Few people are aware that August 24 is observed as the Nari Nirjaton Protirodh Dibas (the Day of Resistance to Oppression of Women) in this country. Even the media --- both print and electronic --- seem to have forgotten the...
Golam Rasul | 2022-08-25 12:00:00
Bangladesh had been performing exceptionally well before the Covid-19 pandemic. The economy expanded, the per capita Gross Domestic Product (GDP) increased, reserve of dollar grew, inflation was low and poverty levels were decreasing. Bangladesh's economy also started to recover well...
Munima Sultana | 2022-08-25 00:00:00
The cost of Padma Bridge is set to increase yet more at the fag-end of the project tenure due to unprecedented devaluation of local currency against US dollar and price escalation of construction materials over the contract price, project sources...
SIDDIQUE ISLAM | 2022-08-25 00:00:00
Bangladesh's forex dealers' body will fix market-driven exchange rate daily for overseas exchange houses, as the central bank is in a drive to enforce discipline in dollar dealings.Bangladesh Foreign Exchange Dealers' Association (BAFEDA) seeks active support of the central bank...
Syful Islam | 2022-08-25 00:00:00
With very high duty and taxes in force, the Bangladesh Parjatan Corporation (BPC) is facing intense competition from grey market in liquor business, officials concerned say.Presently, 425-per cent duty and taxes are imposed on liquor imports, and 310 per cent...
Syed Badrul Ahsan | 2022-08-25 00:00:00
Tea garden owners have claimed that in the ongoing strike by workers --- and this is till Tuesday of this week --- they have lost as much as Tk 161.96 crore. There is hardly any reason to question that figure...
SIDDIQUE ISLAM | 2022-08-24 00:00:00
Bangladesh Financial Intelligence Unit (BFIU) moves to take stern action against moneychangers involved allegedly in suspicious dealings, including money laundering, officials say, as drives are on to discipline forex market. Under the move, the intelligence agency of the country's financial...
DOULOT AKTER MALA | 2022-08-24 00:00:00
Limited corporates turn cash cow for VAT as 110 large companies paid around half the aggregate value-added tax (VAT) collected by the revenue board last fiscal, out of over 0.3 million registered firms.The business biggies deposited the consumption tax worth...
REZAUL KARIM | 2022-08-23 00:00:00
The government has asked the deputy commissioners (DCs) to act against shady traders and monitor the commodity market effectively in order to keep goods prices stable and supply normal.It has also instructed them to regularly sit with districts and upazila...
SYFUL ISLAM | 2022-08-23 00:00:00
Global crisis-driven austerity measures taken during last couple of months may save Bangladesh an estimated Tk 350 billion, thus cushioning the exchequer against the sort of severe financial crises facing many countries. The government had resorted to the cost-cutting action...
SIDDIQUE ISLAM | 2022-08-23 00:00:00
A special inspection begins to delve deep into alleged foreign-exchange misdealing by six more commercial banks that added fuel to volatility on the market, officials say.Six teams of Bangladesh Bank (BB) have been fielded to conduct the fresh inspections against...
MUNIMA SULTANA | 2022-08-23 00:00:00
After completing all necessary arrangements to use smart-cards in multi mass transport systems - including metro-rail - four years ago, the metro-rail company has prepared single-use cards - only for its passengers.As the Dhaka Mass Transit Company Limited (DMTCL) plans...
Syed Fattahul Alim | 2022-08-23 00:00:00
The American news channel, CNN, on August 20 carried a report on the drying rivers of our dear planet, Earth. The report is heartbreaking. It shows how 'patches of riverbed (are) poking out above the water'. The ancient civilisation of...
Siddique Islam | 2022-08-22 00:00:00
At least 23 banks apply for limited authorized dealer (AD) licence only for cash dollar transactions, officials say, at a time when some minted millions from volatile forex market. More than 650 branches of banks are likely to be allowed...
ISMAIL HOSSAIN | 2022-08-22 00:00:00
The telecom regulator has decided to ban importing, assembling and manufacturing 3G-only handsets - to promote widespread adoption of smart-phones to support digital transformation in the country."The ban will be effective from January 1, 2023," according to a decision, taken...
Neil Ray | 2022-08-22 00:00:00
She is one of the four million slum dwellers working as a typical part-time domestic help in the capital. She has decided to leave behind the job of a 'bua' forever. In this inhospitable city the majority of them, excepting...
ISMAIL HOSSAIN | 2022-08-21 00:00:00
The government has reduced the uplink charges of Bangabandhu Satellite-1 for foreign television channels by 15 times to attract more clients as it still has huge untapped potential.According to the landing rights guidelines for broadcast satellites, foreign satellite television channels...
DOULOT AKTER MALA | 2022-08-21 00:00:00
Current gas tariffs at consumer level has been fixed in a "faulty manner" through calculating less value-added tax than the actual payable quantum, revenue officials say in an indication at an extra load on the bloated bills. Economists, however, question...
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