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Cut import taxes on sunflower, canola oil: Tariff Commission

The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government reduce import taxes on sunflower oil and canola or rapeseed oil to offer a greater range of cooking oils in the markets..At present, crude sunflower oil importers are required to pay a total of 31 percent
30 November 2024, 18:02 PM

Unlocking fiscal constraints for climate action

Climate change has emerged as a significant risk to sovereign debt sustainability, impacting fiscal stability and growth prospects.
30 November 2024, 18:00 PM

Businesses voice concerns over law and order

Businesspeople have voiced concerns about the state of law and order in industrial areas, saying it has not improved to the level they anticipated despite the interim government being in office for three and a half months.
30 November 2024, 18:00 PM

People continue to abandon life insurance policies amid economic hardship

Life insurers in Bangladesh saw some 3.47 lakh policies discontinued in the January-September period this year amid worsening financial health of clients, political changeover and repeated flooding devastating lives and livelihoods in vast areas of the country.
30 November 2024, 18:00 PM

PDB to give up role as sole buyer of electricity from private producers

The Bangladesh Power Development Board (PDB) will no longer be the sole buyer of electricity produced by independent power producers (IPPs), said Fouzul Kabir Khan, adviser to the Ministry of Power, Energy and Mineral Resources.
30 November 2024, 18:00 PM

Bangladesh on track for next IMF loans

Bangladesh is on track to meet all 12 conditions set by the International Monetary Fund (IMF) to qualify for the fourth tranche of a $4.7 billion loan programme, only missing the revenue collection target.
30 November 2024, 18:00 PM

Businesses voice concern over state of law and order

Power crises are also making things extremely difficult, they say at DCCI conference
30 November 2024, 13:02 PM

Markets to open tomorrow with a lower benchmark index

The benchmark DSEX index of the Dhaka Stock Exchange (DSE) closed at 5,192, losing 5 points or 0.10 percent Thursday a week ago
30 November 2024, 07:03 AM

The scourge of brain drain

The increasing exodus of educated professionals from Bangladesh reveals a complex web of barriers facing the nation’s brightest minds. 
29 November 2024, 18:00 PM

Germany to provide €180m for cooperation projects

Germany will provide around €180.81 million (approximately Tk 2,265 crore) for bilateral development cooperation projects in Bangladesh that focus on a number of mutually agreed core areas..Of the total support, €45.8 million will be in the form of technical cooperation and the rest in the
28 November 2024, 18:30 PM

Stocks fall after two-day gains

Major indices of the stock market in Bangladesh fell yesterday on gaining for two days as investors opted for caution in their trades amidst political and economic uncertainties..The last few days were downbeat for investors and the market centring Bangladesh’s foreign credit rating being
28 November 2024, 18:01 PM

Foreign debt servicing jumps 31% in Jul-Oct

Bangladesh’s foreign debt servicing surged nearly 31 percent year-on-year in the first four months of fiscal year 2024-25 owing to the country’s expanded foreign loan portfolio and a rise in global interest rates.
28 November 2024, 18:00 PM

Restoring law and order a top priority

Restoring law and order has become an urgent priority for the country, the Metropolitan Chamber of Commerce and Industry (MCCI) said in its review for the July-September period, titled “Economic Situation in Bangladesh”.
28 November 2024, 18:00 PM

Bangladesh’s ratio of low-paid workers 3rd highest in South Asia

Bangladesh has the third highest percentage of low-paid workers among South Asian nations after Sri Lanka and Bhutan, according to a report by the International Labour Organization (ILO) released yesterday.
28 November 2024, 18:00 PM

What’s the point of revolution if ill-gotten wealth not reclaimed?

Noted economist Debapriya Bhattacharya has raised the question as to why the massive wealth accumulated through looting and corruption during the previous regime has not been reclaimed by the state yet.
28 November 2024, 18:00 PM

Tax hike dents mobile subscriber base

The mobile subscriber base in Bangladesh dropped by over 52 lakh between July and September, the first three months of the current fiscal year, as operators slashed subsidised sales of SIM cards due to increased taxes.
28 November 2024, 18:00 PM

BB reverts to bank bailout despite inflation worries

The Bangladesh Bank (BB) has backtracked on its decision to refrain from injecting fresh funds into crisis-hit banks in its efforts to curb persistent inflation.
28 November 2024, 18:00 PM

Mexico says Trump plans may cost 400,000 US jobs

Mexico said Wednesday the United States will be shooting itself in the foot if President-elect Donald Trump implements his threats to impose 25-percent tariffs on Mexican imports.
28 November 2024, 18:00 PM

Indian banks reviewing Adani Group exposure

Indian lenders, including State Bank of India, are reviewing their exposure to Adani Group and examining whether they need to tighten their due diligence when offering new loans to them, after the US accused Chairman Gautam Adani of bribery, eight bankers said.
28 November 2024, 18:00 PM

Gen Z: The new challenge for family businesses

In recent years, family businesses are facing a new wave of challenges, dealing with Gen Z. Except for a few, most family-run companies are showing cracks that could lead to collapse. The older generation hopes their progeny will follow in their footsteps, but are they truly leaving behind stellar examples?
28 November 2024, 18:00 PM