How property taxes can help low-income countries to develop

Satellites, drones, and the right policies can help countries increase revenue by up to 10 times at the local level
27 November 2024, 10:32 AM

Bank Asia aims to give half of its loans to SME, retail

Bank Asia PLC plans to increase its lending to retail and small and medium enterprises (SME) to about 50 percent of its total loan portfolio, according to its Managing Director Sohail RK Hussain..“We have extensive experience in the SME sector and are now placing stronger focus on it,” he
26 November 2024, 18:27 PM

Gold hits one-week low

Gold prices steadied on Tuesday, having touched their lowest in over a week earlier in the session as safe-haven demand for the metal eased on optimism about a potential ceasefire between Israel and Hezbollah militants in Lebanon.
26 November 2024, 18:00 PM

Indonesia rejects Apple’s offer to invest $100m

Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the “fairness” required by the government.
26 November 2024, 18:00 PM

Stocks rise marginally after three days of losses

Major indices of the stock market in Bangladesh rose marginally yesterday, breaking a three-day losing streak, as investors cautiously traded selective shares to make short-term gains amid price fluctuations.
26 November 2024, 18:00 PM

Energy deficit, regulatory barriers deter FDI: experts

Bangladesh is facing a plethora of challenges, including energy constraints, logistical issues and regulatory complexity, which causes the nation to lag behind its peers in terms of attracting foreign direct investment (FDI), according to stakeholders.
26 November 2024, 18:00 PM

Labour reforms key to economic growth

A high-level US delegation concluded its visit to Bangladesh yesterday, emphasising the need for labour reforms to strengthen democracy and sustain economic prosperity in the country. 
26 November 2024, 18:00 PM

Tea auctions see higher prices this season

Tea is fetching higher prices at weekly auctions this year, with market players saying the imposition of a minimum price threshold and low supply of the cash crop are key factors for the rise.
26 November 2024, 18:00 PM

Ensure predictability in licensing and tax measures

Top executives of multinational companies in Bangladesh yesterday urged the interim government to ensure predictability in licensing and tax measures and bring about improvements in the ease of doing business to attract foreign direct investment.
26 November 2024, 18:00 PM

BB rejects reappointment of ICB Islamic Bank MD

Bangladesh Bank (BB) has rejected a proposal for the reappointment of ICB Islamic Bank’s managing director and directed taking legal measures against him, saying it had found proof of his involvement in mismanagement, money laundering and embezzlement.
26 November 2024, 18:00 PM

Lower revenue collection narrows fiscal space

Revenue collection in the first four months of the current fiscal year declined by 1 percent year-on-year
26 November 2024, 18:00 PM

Shipping Corporation repays Tk 475cr loans

Bangladesh Shipping Corporation (BSC) repaid Tk 475.25 crore to the interim government as the first instalment of a loan it received from the government and Exim Bank of China in 2016 to purchase ships..Representatives of the BSC handed over the cheque to Chief Adviser Prof Muhammad Yunus
26 November 2024, 15:59 PM

Many stock investors lose money for not understanding the business: ICB chairman

The Bangladesh Merchant Bankers Association highlighted the prospects and challenges of the capital market
26 November 2024, 13:20 PM

Multinational executives urge govt to ensure licensing, tax consistency

Yunus asked the executives to maintain transparency in businesses
26 November 2024, 12:56 PM

BB removes ICB Islamic Bank MD for fund embezzlement

However, the displaced official said the allegations are yet to be proved
26 November 2024, 12:54 PM

Labour reforms key to Bangladesh's economic growth: US delegation

The delegation concludes its visit to Bangladesh today
26 November 2024, 06:46 AM

Stocks continue to bleed as investment stagnates

The stock market in Bangladesh extended a losing streak for a third consecutive trading day yesterday as skittish investors were reluctant to pour fresh funds due to political and economic uncertainties..As a result, both the Dhaka and Chattogram bourses witnessed thin participation of inv
26 November 2024, 06:00 AM

Stocks up in early trade

The index gained 28.89 points to 5165.01 in the morning trade. 
26 November 2024, 05:30 AM

Trade union rules to ease

The interim government of Bangladesh has decided to lower the threshold of workers required to register a trade union by a fourth.
25 November 2024, 18:50 PM

Electronic filings of tax returns double in Jul-Nov

The number of electronic filings of tax returns more than doubled to over 5 lakh since July this year, thanks to the steps taken by the National Board of Revenue (NBR). .Individual taxpayers filed 2.17 lakh returns between July 1 and November 24 of this fiscal year, according to the NBR.<
25 November 2024, 18:23 PM