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...
Asjadul Kibria | 2022-08-21 00:00:00
One of the main downsides of Bangladesh's economy is the low level of foreign direct investment (FDI). Various favourable policies and measures promise to attract a higher amount of FDI. Nevertheless, the annual inflow of investment capital is still low...
REZAUL KARIM and YASIR WARDAD | 2022-08-20 00:00:00
Prices of lentil and sugar increased 40 per cent and 25.35 per cent respectively in the local market in the last one year even though global prices of such goods have decreased. The data have been obtained from a Bangladesh...
SYFUL ISLAM | 2022-08-20 00:00:00
With an international agency playing the go-between, Bangladesh starts negotiation with a Saudi Arabian firm to run the newly-built Patenga Container Terminal (PCT) off the Chattogram seaport, officials say. If the negotiation with the Red Sea Gateway Terminal (RSGT) company...
BABUL BARMAN | 2022-08-20 00:00:00
The market rebounded this week to Wednesday, paring some losses from the previous week, as investors put fresh funds on stocks amid optimism following the central bank's move to stabilise the foreign exchange rates.All three trading days of the week...
Nilratan Halder | 2022-08-20 00:00:00
What a contrasting weather Dhaka, one of the world's top unliveable cities, is now going through! Scorching heat today, tomorrow the sky is overcast with clouds and even there may be drizzles. Or, it can happen within a day or...
Syed Fattahul Alim | 2022-08-20 00:00:00
How is Bangladesh's economy faring recently? The rampant inflation, essential commodities price spiral and especially, the declining foreign exchange reserve situation has caused a lot of anxiety among economists as well as others concerned within and outside the government. The...
NAZIMUDDIN SHYAMOL | 2022-08-19 00:00:00
CHATTOGRAM, Aug 18: The Patenga Container Terminal (PCT) of Chittagong Port Authority (CPA) could not kick off its operational activities one month after implementation of the project as the authority concerned has not yet selected an operator. Started five years...
Siddique Islam | 2022-08-19 00:00:00
The central bank now serves show-cause notices to top executives of six banks for their alleged involvement in fuelling volatility on the forex market through 'unethical' exchange gains, locking their profits.Officials say that, with the proceedings pending, the scheduled banks...
MUNIMA SULTANA | 2022-08-19 00:00:00
The embattled Dhaka BRT Company Limited is set to hold eight annual general meetings (AGMs) in a single day on Friday to fulfil its legal obligations.The trouble Gazipur-Airport BRT (bus rapid transit) line has been built under the state-backed company.Although...
Nilratan Halder | 2022-08-19 00:00:00
One cannot say accidents are accidents unless one is a hypocrite. To make such a statement, one has to be dead sure of the inevitability or unavoidability of the dreadful occurrences. Although people in general have become somewhat immune to...
Helal Uddin Ahmed | 2022-08-18 12:00:00
The tax authorities in various countries utilise Exchange of Information (EOI) agreements for cross-border sharing of taxpayer information. This exchange can be of two types: on request; and voluntary or spontaneous. The latter or Automatic Exchange of Information (AEOI) is...
MUNIMA SULTANA | 2022-08-18 00:00:00
The government may get tough with the two non-compliant Chinese companies working in the BRT (bus rapid transit) infrastructure project.The development comes hot on the heels of Monday's fatal accident that left five members of a family dead on the...
Siddique Islam | 2022-08-18 00:00:00
Moneychangers can now profit more as the central bank widened the spread between selling and buying rates of cash dollar to Tk 1.50, in a shifting stance for managing the frantic forex market.The little higher margin was announced Wednesday at...
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