Non-compliant institutions may face fines of up to Tk 30 lakh, imprisonment for up to three years, or both

National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan yesterday slammed the country’s two premium bourses and the sole securities depository for failing to go public, despite more than a decade having passed since demutualisation.

Bangladesh’s first large-scale venture capital firm will begin operations this month to address the long-standing funding gap for local startup

Remittance hit $3.75 billion in March, the highest on record, giving a respite amid deepening worries over the ripple effect on Bangladesh’s struggling economy due to the US-Israel war on Iran.

Oil tumbled more than 3 percent on Wednesday, reversing earlier gains as persistent Middle East volatility ‌unnerved markets even amid reports the US-Israeli war with Iran could be winding down.

SBAC Bank PLC Chairman Md Moklesur Rahman yesterday said depositors remain safe with the bank and that both the board and management are taking necessary measures to ensure uninterrupted customer service.

A month of war in the Middle East could wipe out all the economic growth that Arab countries achieved last year, and will likely spark a “sharp economic contraction” in Iran, the United Nations said Tuesday.

Bangladesh and Saudi Arabia have discussed expanding manpower export and recognising Bangladeshi skills to strengthen bilateral labour cooperation during a meeting held in Geneva.

In recent weeks, energy has dominated headlines, seminars and market discussions, not only in Bangladesh but across the world. Securing reliable energy resources is critical, as it will determine how economies prosper in the years ahead.

Iran’s closure of the Strait of Hormuz trade route in the Middle East war is driving up the costs of shipping fuel and goods around the world, industry data shows.

Storms and heavy rain last month damaged a range of crops, including maize. For maize farmers, it was a cruel blow, as many had turned to the cereal after repeated losses from low potato prices.

Even eight months into the current fiscal year, government agencies have spent barely a third of the annual development budget thanks to administrative inactivity as the interim administration ended its term and a new government assumed office.

Bangladesh’s plastics industry is facing a severe disruption, as the ongoing US-Israel war on Iran rattles global energy and petrochemical markets, industry insiders say.

The government will not resort to printing money to finance its budget, instead aiming to revive the economy through investment and stronger resource mobilisation, Finance Minister Amir Khosru Mahmud Chowdhury said yesterday.

Last operated from Shah Amanat International Airport on Aug 31, 2024

The bank celebrates its 13th anniversary

18 flights cancelled today, says CAAB

In recent weeks, energy has been one of the most discussed topics—whether in the news, seminars, articles, or the global stock market—not just for Bangladesh but for the rest of the world. Securing energy resources is key, as it determines how the economy will prosper in the years ahead.

Migrants sent home $3.75 billion in March this year

Bangladesh’s tax system has traditionally been based on the principle of progressive taxation—an equitable framework where higher-income individuals contribute proportionately more, enabling the state to finance public welfare.