Utilisation of foreign assistance under the government’s Annual Development Programme (ADP) by ministries and divisions has slightly declined year-on-year in the first two months of fiscal year 2023-24. 

The banking sector’s lending growth squeezed in the April to June quarter owing to a shortage of liquidity at most banks and their unwillingness to extend credits to borrowers already struggling to pay back, official figures showed. 

Companies and organisations will be required to file tax returns on the income generated by employee welfare funds from the current fiscal year and pay a 27.5 percent tax on the earnings. 

Unique Hotel & Resorts PLC posted a 92 percent year-on-year increase in profit to Tk 189 crore in the year that ended on June 30 on the back of higher revenue and capital gains.

Bangladesh needs to invest in innovation, technology and productivity in order to avoid the middle-income trap, said economists yesterday.

Bangladesh Bank yesterday allowed licensed payment service providers (PSPs) to bring inward wage remittances with the aim to increase remittance inflow. 

Deposits in 3,362 more bank accounts went past Tk 1 crore in the April-June period of 2023. 

The Bangladesh Bank has asked 10 banks’ managing directors why their treasury heads should not be penalised for their involvement in dollar rate manipulation this year.

A lack of monitoring and faulty bidding process in government procurement can contribute to time and cost overruns in project implementation in many countries, including least-developed economies, said an analyst yesterday.

Two more container scanners are going to arrive at the Chattogram port within a couple of days, enabling checking exports of contraband and the prevention of money laundering.    

Berger Paints Bangladesh Ltd made actress Bidya Sinha Mim one of its brand ambassadors.

NRB Commercial Bank Ltd has been renamed NRB Commercial Bank PLC with effect from September 17.

Padma Bank Ltd recently launched a Shariah-based banking service styled “Padma Bank Islamic”, opening the doors to interest-free banking services for customers.

Walton, an electrical, electronics and technology product manufacturer in Bangladesh, has started export trade operations with India in rupees.

Bangladesh is likely to achieve the cultivation target for Aman, the second biggest rice crop, to bag an increased amount of the grain and ensure domestic self-sufficiency amid volatility in the global market, said agricultural officials.

Nepal can be a good source of clean energy for Bangladesh, said Mahbubul Alam, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

Now 113,554 bank accounts have over Tk 1 crore in deposits

FBCCI president says in meeting with Nepalese delegation

Its earnings per share rose to Tk 6.42 in FY23 from Tk 3.34 in FY22

The foreign exchange crisis in Bangladesh has dealt a blow to credit card users as the sharp appreciation of the US dollar against the taka has narrowed their scope for foreign purchases through cards.