As per the Income Tax Act 2023, the NBR has to provide a tax break on the income from physical infrastructure if it begins commercial operations within June 2024

FBCCI President Mahbubul Alam says at a workshop

Cargo delivery resumed partially, but major operational activities remained suspended

The prime index rose 1.14% to end the day at 5,310.51

Fitch Ratings has downgraded Bangladesh's long-term foreign-currency issuer default rating to “B+” from “BB-” owing to the lingering weakening of the country’s external buffers

Fitch Ratings on Monday downgraded Bangladesh to 'B+' from 'BB-'

Aman Cotton Fibrous Ltd reported a 91 percent year-on-year decline in losses in January-March 2024

Standard Ceramic Industries Ltd’s loss increased by 60 percent year-on-year in January-March of 2024 as higher production costs and the taka’s rapid deprecation weighed on its bottom line

Although a large chunk of revenue is deposited in the state coffer towards the end of a fiscal year, there might be a big gap between the revised target and the actual collection.

Bangladesh’s total exports in 2022 stood at nearly $60 billion, of which India and China accounted for only 4.5 percent, indicating poor trade flow to the regional economic giants, it added.

Officials said suppliers of essential food commodities such as rice, wheat, potato, onion, maize, edible oil, salt and sugar face a two percent source tax on the proceeds from the supply of the commodities.

In July-April of 2023-24, the government paid $2.81 billion as principal and interests, which was $1.95 billion in the same period of the previous year, according to the data released yesterday by the Economic Relations Division (ERD).

However, the minister did not respond when journalists asked how the budget could be expansionary when it will increase by only four percent compared to the current budget.

All operational activities, including loading, unloading and delivery of cargo, were suspended at the Chattogram port yesterday morning as the port authority issued its highest security alert No 4 as a safety measure against Cyclone Remal.

Glass ampoule manufacturer Pharma Aids is going to purchase 103 decimals of land at a cost of Tk 11.38 crore with the aim of expanding its business and modernising its manufacturing unit.

Salman F Rahman, private industry and investment adviser to the prime minister, yesterday instructed the Bangladesh Investment Development Authority (Bida) to connect all investment-related services to its One Stop Service (OSS) as soon as possible.

Bangladesh should consider emerging markets that are growing at a healthy clip and offer growth opportunities to drive up exports instead of keep relying on traditional destinations, said Frederic Neumann, HSBC’s Chief Asia Economist and co-head of Global Research Asia.

Garment export to the European Union (EU) in the July-April period of the current fiscal year grew by 3.66 percent from that in the corresponding period of last fiscal year to reach $19.90 billion.

The key index of the Dhaka Stock Exchange plunged by 1,000 points in a span of three months as investors keep selling their holdings, fearing further deterioration of economic indicators.

The government is thinking about allowing again undisclosed money to be legalised and laundered money to be brought back home through formal channels in the next budget.