Well-off likely to pay higher taxes

Affluent people may have to pay higher taxes in the upcoming fiscal year under amended wealth-tax provisions in the new budget, among some other changes in fiscal measures.The base of calculating surcharge would be actual payable taxes instead of existing...

Legal amendments ready for BB autonomy: Governor

Necessary legal amendments are soon for central bank's autonomy and also for downsizing commercial banks' directorships under sweeping reforms that also envisage nationalisation of incurably ailing banks. Bangladesh Bank Governor Dr Ahsan H. Mansur unveils this plan of action in...

Gold falls 1pc after Trump extends tariff deadline on EU goods

Gold prices fell nearly 1 per cent on Monday after US President Donald Trump dropped his threat to impose 50 per cent tariffs on goods from the European Union from June 1, reducing demand for the safe-haven asset, reports Reuters.Spot...

SYNGENTA PARTNERS WITH LOCAL GOVT TO SET UP 'FARMER SCHOOL'

Syngenta Bangladesh and the 4 No. Nimpara Union Parishad under Chargat upazila, Rajshahi, have signed a Memorandum of Understanding (MOU) to establish Syngenta's 2nd 'Farmer School' in the country. The MOU was signed by Hedayet Ullah, Managing Director of Syngenta...

Entrepreneurship Dev Fair held at Southern University

CHATTOGRAM, May 26: The 25th Entrepreneur Development Fair and Competition-2025 was held at Southern University (SU) in Chattogram on Sunday. The BBA 69 and 70 batches of the Department of Business Administration organised the fair on the university's permanent campus...

Oil steadies after Trump extends EU trade talks deadline

LONDON, May 26 (Reuters): Oil prices traded around flat on Monday after US President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about US tariffs on the bloc that could hit fuel demand.Brent crude...

ISLAMI BANK ORGANISES TRAINING ON SHARI'AH AUDITING

Islami Bank Training and Research Academy (IBTRA) organised a two-day training for Muraqibs (Shari'ah Auditors) that began at Islami Bank Tower in Dhaka on Monday. Md Omar Faruk Khan, managing director (current charge) of the bank, inaugurated the training as...

BRAC BANK HOSTS SEMINAR ON 'FINANCIAL LEADERSHIP FOR THE FUTURE'

BRAC Bank hosted a high-impact corporate seminar titled 'Next Front: Reimagining Financial Leadership for the Future' recently, engaging Chief Financial Officers (CFOs) and senior financial leaders from Bangladesh's foremost corporate conglomerates. The three-day seminar was held at a hotel in...

MIDLAND BANK AND GENERIC HEALTHCARE SIGN MOU TO ENHANCE HEALTHCARE ACCESS

Midland Bank PLC and Generic Healthcare Ltd signed a Memorandum of Understanding (MOU) to improve healthcare access and delivery in underserved communities. Generic Healthcare is a leading provider of innovative digital healthcare services. Mohd Javed Tarek Khan, Head of Institutional...

FSIB offers special banking services for madrasha students

First Security Islami Bank PLC (FSIB) has introduced Mudarbah Savings Deposit Account namely 'Tilmiz' for madrasha students with a view to including them into formal financial sector, says a statement. By making an initial deposit of just Tk 100, any...

NCT unlikely to get foreign operator soon

CHATTOGRAM, May 26: Saif Powertec Limited, an international-standard port operator in Bangladesh, which is handling the New-mooring Container Terminal (NCT), has kept its fingers crossed amid ongoing moves to appoint a foreign operator to manage the terminal, sources close to...

Commerce adviser urges Algeria to import jute goods from BD

Commerce Adviser Sk. Bashir Uddin has urged Algeria to import jute goods and traditional products from Bangladesh.He made the request during a meeting with Algerian Ambassador to Bangladesh Abdelouahab Saidani at the adviser's Secretariat office in Dhaka on Monday.In the...

Most SMEs miss business boon Fourth Industrial Revolution offers

An industrial breakthrough driven by everyday-evolving technological innovations shies away from smaller enterprises, in particular, across Bangladesh largely for blissful ignorance of the wonders artificial intelligence and technologies work, save few exceptions. Sharmin Sultana Liza tries to make a difference...

Global central banks talk harsh new economic realities in Tokyo

TOKYO, May 26 (Reuters): It's Japan's version of the Fed's Jackson Hole symposium, without the trail hikes or views, and this year's gathering of global central bankers in Tokyo will focus on two uncomfortable realities: flagging economic growth and sticky...

EU sees 'new impetus' in US trade talks

BRUSSELS, May 26 (Reuters): US President Donald Trump's decision to drop his threat to impose 50% tariffs on European Union imports from next month gave 'new impetus' to trade talks, the EU said on Monday, as global stock markets climbed...

Shares in China-listed Apple suppliers fall after Trump's tariff threats

SHANGHAI, May 26 ((Reuters): China-listed Apple supplier stocks lost ground on Monday after US President Donald Trump threatened tariffs on imported iPhones.Shares in Luxshare, which assembles iPhones and makes AirPods, fell 2.2 per cent while Chinese mobile screen maker Lens...

Saudi Arabia's non-oil exports climb 13.4pc in Q1

RIYADH, May 26 (Arab News): Saudi Arabia's non-oil exports rose 13.4 percent to SR80.72 billion ($21.52 billion) in the first quarter of 2025 compared to a year earlier, underscoring the Kingdom's ongoing efforts to diversify its economy. According to preliminary...

LANDMARK ACHIEVEMENT BY NOTUNDHORA ASSETS

Notundhora Assets Limited is the first housing company in the country to receive a recommendation for the approval of a private housing project from the National Housing Authority. Notundhora Assets has recently received this exceptional recognition through an official approval...

CHARTERED LIFE AND COMMERCIAL BANK OF CEYLON SIGN AGREEMENT

An agreement has been signed between Chartered Life Insurance PLC and Commercial Bank of Ceylon. CEO (Acting) of Chartered Life Mohammed Amdad Ullah and CEO of Commercial Bank of Ceylon Najith Meewanage signed the agreement on behalf of their respective...

Agrani Bank's 30-day foundation course held

A concluding ceremony of a 30-day foundation course for the 90th and 91st officers (cash) Batch organised by the Agrani Bank Training Institute (ABTI) was held in the city on Sunday. Agrani Bank PLC Deputy Managing Director Md Abul Bashar...

Janata Bank's six-day Credit Management Training Course begins

A six-day Credit Management Training Course (Batch 01/15) organised by the Janata Bank Staff College of Janata Bank PLC began on Saturday. Managing Director of the bank Md Mazibur Rahman inaugurated the course as the chief guest. DGM of Staff...

SONALI BANK SIGNS MOU WITH BIDA TO FACILITATE ACCOUNT OPENING

Sonali Bank PLC and five other government agencies signed a memorandum of understanding (MoU) with Bangladesh Investment Development Authority (BIDA) to integrate five services aimed at expediting the process of starting a business in Bangladesh. Deputy Managing Director of Sonali...

BD-China trade confce on June 1

A daylong 'Bangladesh-China Conference on Investment and Trade' will be held on June 1 at "Biniyog Bhaban" (Investment Building) in the city, reports BSS.Bangladesh Economic Zones Authority (BEZA) and Bangladesh Investment Development Authority (BIDA) are going to jointly organise the...

Sony-Smart Electronics Fair kicks off

A two-week-long 'Sony-Smart Electronics Fair 2025' kicked off on the ground floor of Saptak Square at Dhanmondi in Dhaka on Sunday. The fair will run through June 6, says a statement.Visitors to the fair can purchase a wide range of...

AB BANK LAUNCHES ISLAMIC BANKING DEPOSIT PRODUCTS

AB Bank recently launched three new Shariah-compliant deposit products. AB Maahir offers higher quarterly profits than general Mudarabah savings accounts with a minimum balance of Tk 5,000. AB Islamic DPS is a monthly installment-based deposit plan with tenure up to...

Saudi Arabia restructures $32b sukuk to strengthen debt strategy, local market

JEDDAH, May 26 (Arab News): Saudi Arabia has completed a sukuk restructuring and new issuance of over SR120 billion ($32 billion), advancing its strategy to enhance fiscal sustainability, optimize debt management, and deepen the local debt market. According to the...

DESCO to issue more preference shares to govt

The stock market regulator has given permission to the Dhaka Electric Supply Company (DESCO) to issue another 2.38 million preference shares to the government against share money deposits.The state-owned power distributor will issue shares worth Tk 23.81 million at a...

Asset managers' last-ditch effort to keep investors with pooled funds

The country's mutual fund (MFs) industry is in a tight spot as unitholders, frustrated over no return and persistent erosion in the equity market, have increasingly been withdrawing their investments. The disinterest shown in open-ended funds has raised concerns among...

Enhanced domestic revenue mobilisation for economic resilience

The upcoming budget for FY2025-26 is very significant for Bangladesh from several perspectives. This is the first budget after the fall of the ousted government, and the interim government aims to use the budget as a platform for structural reform...

Why young couples in Dhaka delaying children

Modern-day Dhaka presents significant obstacles to starting a family, particularly due to the financial challenges faced by young couples. With rising living costs consuming much of their disposable income, delaying parenthood has become the new norm. Couples are increasingly aligning...