Awami League-affiliated businesses had already put the country’s banking sector in trouble with huge bad debts, but the loans disbursed through irregularities to these companies turned sour even at a more alarming pace after the party’s ouster.

The deadline for individual taxpayers to file their tax returns has been extended by a month by the National Board of Revenue (NBR).

The International Monetary Fund (IMF) said on Friday it held constructive talks with authorities in Pakistan on economic policy and reform efforts to reduce vulnerabilities during an unscheduled staff visit.

Among the top banks receiving remittances, Agrani Bank stood out with extraordinary growth while Islami Bank Bangladesh and Trust Bank remained key players.

When an interim government was sworn into office following the ouster of the Awami League regime just 100 days ago, there was an air of expectation that the Prof Muhammad Yunus-led administration would take steps to salvage a scam-ridden financial sector and rescue an ailing economy.

Bangladesh is sending more leather footwear to foreign markets like the United States, Japan and the European Union as the country’s footwear exports during the July-October period of the current fiscal year surged to a five-year high.

Small and medium enterprises (SMEs) in Bangladesh are struggling due to political uncertainty, high inflation and rising interest rates on bank loans, according to entrepreneurs.

More than 16 percent of Bangladeshi businesses identified corruption as the biggest obstacle to their operations, according to a survey conducted between April and July of this year.

Major indices of the stock market in Bangladesh fell yesterday, snapping a two-day gaining streak as investors cautiously traded select shares to pocket short-term gains amid price fluctuations resulting from earnings disclosures by listed companies..The DSEX, which reflects the cumulative

This accounts for around 17 percent of total outstanding loans.  

Around 17% of businesses identified corruption as biggest challenge, according to a CPD survey 

It gained 9.36 points to reach 5364.69.

The interim government is working to restart sugar production at six state-run mills that were shut down during the previous regime, according to Industries Adviser Adilur Rahman Khan.

When two related entities enter a cross-border transaction, the price at which they undertake the transaction is the “transfer price.” Due to the special relationship between related entities, the transfer price may be different than the price that would have been agreed upon by unrelated parties. The price between unrelated parties in an uncontrolled condition is known as the “arm’s length price” (ALP).

Depositors are now being affected as ailing banks are unable to return their money, experts said during a discussion, adding that the central bank should keep crisis-hit banks alive by providing liquidity support, opting to liquidate weak lenders or merging them with sound ones.

Businesses are losing interest in transporting containerised cargo to and from Chattogram port via Pangaon Inland Container Terminal (ICT) on the Buriganga river in the capital’s Keraniganj thanks to its high inland water transport costs, lengthy customs clearance and other obstacles.

The government should increase its engagement with the country’s private sector in making policies and decisions amid ongoing reforms, according to prominent business leaders, who cited major challenges such as high inflation, rising interest rates and slowing demand and investment that are now plaguing private businesses.

Most of the cargo that arrived from Karachi contained industrial raw materials, including soda ash, dolomite, limestone, chemicals, onion, fabrics and potatoes

Finance Adviser Prof Dr Salehuddin Ahmed has said that the country is not in a financial crisis, but there are some political and economic challenges due to the internal and external factors

The accounts will remain frozen for 30 days in the first phase