The Foreign Investors’ Chamber of Commerce & Industry (FICCI) yesterday called for a reduction in the corporate tax rate for the non-listed companies gradually to 25 per cent to encourage investment.

The revenue authority has relaxed the rules for businesses to help them adjust the VAT they paid in advance earlier as per the Value-Added Tax Act, 1991.

Stocks bounced back yesterday to go past 5,500-point mark after two weeks as investors are increasingly showing interest in the market after a recent fall made many shares lucrative.

As commodities start to be imported in increasing quantities ahead of Ramadan, containers have started piling up at the Chattogram port as traders are not promptly receiving consignments.

The National Economic Council (NEC) today approved Tk 197,643 crore revised Annual Development Programme for the current fiscal year, downsizing the original ADP size of Tk 2,05,145 crore.

Ten banks have faced a capital shortfall of Tk 28,949 crore last year because of their high ratio of defaulted loans.

Arif Khan, managing director and chief executive officer of IDLC Finance, has resigned from his position to ‘start his personal business.’

Prime Minister Sheikh Hasina today urged insurance companies to take initiative so that awareness can be raised among people regarding the benefits of opening insurance policies.

AstraZeneca Plc has sold its 7.7 percent stake in Moderna Inc for more than $1 billion after the US biotechnology company’s shares soared on the back of its coronavirus vaccine breakthrough, The Times reported.

The National Board of Revenue (NBR) will start its month-long pre-budget meeting for the next fiscal year (FY22) tomorrow with leaders of Bangladesh Ceramic Manufacturers and Exporters Association.

The north-eastern Indian states of Assam and Meghalaya want regular exchange of views between their trade representatives and those of Bangladesh to promote trade and settle any complexities that arise.

Alibaba was among several companies that Chinese President Xi Jinping commended on Thursday during a ceremony intended to showcase the success of his years-long campaign to wipe out extreme poverty in the country, reports CNN.

Welcoming US investments in key areas of Bangladesh, Foreign Minister Dr AK Abdul Momen has reiterated that strong Bangladesh-US economic relations are critical.

The United Nations Committee for Development Policy has recommended Bangladesh’s graduation from Least Developed Country (LDC) status along with Nepal and Lao PDR.

Deputy Chief Minister of Indian State Meghalaya Prestone Tynsong has appreciated Bangladesh’s leadership in achieving progress in multiple sectors and has emphasised on further increasing bilateral trade for the welfare of both countries.

The Cabinet Committee on Public Purchase approved four proposals, including the procurement of 30,000 metric tons (MT) of bagged granular urea fertiliser from Karnaphuli Fertiliser Company Ltd (Kafco) at a cost of Tk 90.72 crore.

The country's foreign exchange reserves today hit a new record of $44.02 billion thanks to the upward trend of remittance and lower import payments, Bangladesh Bank data showed.

The central bank has provided an additional grace period of six months to export-oriented industries so they can repay the loans of a stimulus package unveiled to pay wages to workers.

Prominent economist and former deputy governor of Bangladesh Bank, Khondkar Ibrahim Khaled passed away at a hospital in Dhaka early today.

Australian High Commissioner in Dhaka today said his government has taken the decision to amend the existing policy and lift the ban on operating cargo flights to the country.