Economy / Bangladesh


Strong policy reforms with homegrown approaches needed

Strong policy reforms with homegrown approaches needed

Speakers at discussions on Saturday said there should be strong and vigorous policy reforms with homegrown approaches to counter new challenges the country's economy following national elections. They said the government must focus on immediate problems in the economy, including taming inflation,

ADB approves $400 million loan to Bangladesh

ADB approves $400 million loan to Bangladesh

The Asian Development Bank (ADB) said on Friday it has approved a $400 million policy-based loan to support climate adaptation in Bangladesh, reports Reuters. According to recent reports, the Manila-based lender is committed to allocating more than half of its 2024-26 allocation for Bangladesh ($5

Thailand keen on wrapping up FTA as soon as possible

Thailand keen on wrapping up FTA as soon as possible

The Thai government has expressed interest in putting in place a Free Trade Agreement (FTA) with Bangladesh as soon as possible. The two countries, during a recent series of meetings, emphasized on FTA for greater business opportunities, reports UNB. A 50-member delegation from Bangladesh just co

665 taxpayers to be honoured with tax cards

665 taxpayers to be honoured with tax cards

A total of 665 taxpayers at the national and district level would be honoured with tax cards for their outstanding contribution to the public exchequer. Of the taxpayers, 140 would receive tax cards under individual, company and other categories while 525 would get 'Top Taxpayers Award' at the cit

$1.08b could be added to Bangladesh’s forex reserves

$1.08b could be added to Bangladesh’s forex reserves

Bangladesh could be getting USD 1.08 billion as loans from the Asian Development Bank (ADB) and the International Monetary Fund (IMF). A senior official of the Ministry of Finance today told UNB that a loan proposal of $400 million for Bangladesh is expected to be placed at the ADB board meeting o

Sharp fall in reg: NBR cuts land tax further

Sharp fall in reg: NBR cuts land tax further

The National Board of Revenue (NBR) has further slashed land tax for peripheral areas following a significant decline of registration due to an escalated tax burden. Tax ceiling on land per katha will be reduced by Tk 30,000, thanks to the latest cutback in the source tax rate at 6.0 per cent from

BB zooms function of RFCD accounts

BB zooms function of RFCD accounts

The operational scope of Resident Foreign Currency Deposit (RFCD) accounts has been widened, the Bangladesh Bank (BB) said on Sunday. For example, anyone travelling abroad for medical, tourism or any other purpose can open such accounts with local authorised dealer branches by showing related docu

Momen urges Kosovo to import RMG, medicines from Bangladesh

Momen urges Kosovo to import RMG, medicines from Bangladesh

Foreign Minister AK Abdul Momen has suggested Kosovo to import top-quality RMG and pharmaceutical products from Bangladesh. He also suggested taking skilled human resources from Bangladesh when outgoing Ambassador of the Republic of Kosovo to Bangladesh Güner Ureya paid a farewell call on him

2.35m taxpayers submit returns till Nov 30

2.35m taxpayers submit returns till Nov 30

A total of 2.35 million taxpayers have filed their income tax returns till November 30 this year with a revenue collection of around Tk 43.35 billion (Tk 4,335 crore). The last date for submitting returns in the 2023-2024 tax year was November 30, but the government has extended the timeframe for

Revenue collection up by 14.36pc in July-October

Revenue collection up by 14.36pc in July-October

The revenue collection has increased by 14.36 per cent to Tk 1.03 trillion (Tk 1,03,976 crore) in the first 4 months of the current  FY2023-24 compared to the same period during the previous FY 2022-23, according to National Board of Revenue (NBR). According to the provisional data of the NBR