In a first, the ministries and divisions would be allocated more funds than they are seeking in the revised development budget for this fiscal year as the government attempts to rev up a slowing economy.

While Bangladesh’s move toward graduating from the Least Developed Country (LDC) status is a testament to decades of perseverance and growth, it will be time to take on the weight that comes with it once the celebration dies down.

Bangladesh’s import of fresh fruits declined in the first six months of the current fiscal year, reflecting a slowdown in demand after import costs increased due to the devaluation of the taka against the US dollar and high import duties.

Date prices have remained relatively stable this year compared to previous years, thanks to the govt's duty waiver and a decline in int'l market prices

Tax compliance is a vital pillar of a country’s economic stability. But in Bangladesh, despite various government efforts to widen the tax net, an alarming 65 percent of eligible taxpayers did not bother filing their returns within the deadline, which was extended thrice this year.

Most listed readymade garment (RMG) producers secured higher profits during the October-December period of this fiscal year, buoyed by global demand even amidst the myriad challenges plaguing Bangladesh’s overall business climate.

The funds to be raised through this bond will support City Sugar Industries Limited in expanding its trade operations, enhancing cash flow management, and diversifying its financing avenues, thereby reducing dependence on traditional credit facilities, the statement said.

The daylong Digital Summit held in Dhaka

The 13th International Poultry Show ends with nearly 30,000 visitors

Discussions were held for an additional $29.1 million in potential exports

“In recent months, business sentiment has been significantly affected by inflationary pressures, high borrowing costs, and exchange rate volatility,” said Taskeen Ahmed, president of the Dhaka Chamber of Commerce & Industry (DCCI). 

As of February 16 this year, only 39.86 lakh taxpayers out of around 1.14 crore TIN holders filed their returns

He highlighted the role of legal reforms in enhancing investor confidence and business efficiency, encouraging active discussions on the topic.

Bangladesh Telecommunication Regulatory Commission (BTRC) has capped bandwidth imports from India at 50 percent of the country’s consumption of 6,500 Gbps to reduce reliance on a single source and promote diversified international connectivity.

The process of recovering laundered assets should not be interrupted due to political reasons, Bangladesh Bank Governor Ahsan H Mansur said yesterday.

Essential commodity imports have seen a sharp rise in the last four months, driven by increased demand ahead of Ramadan, which is scheduled to begin on March 1, according to the latest data from the Bangladesh Bank (BB).

Talks on preferential trade deals with a dozen countries have stalled since the political changeover in August last year, potentially adding to the challenges related to Bangladesh’s graduation from the club of Least Developed Countries (LDCs) in 2026, according to economists and business leaders.

An interim government-formed task force has recommended withdrawing “excess taxes” on the internet by declaring it a social good.

The stock market in Bangladesh rebounded from a two-day losing streak, with turnover surging in the closing session of the week.

When a formal microfinance institution (MFI) enters a village and joins the existing rural lending ecosystem, the influence of both informal moneylenders and exorbitant interest rates declines significantly, according to a study.