Economy / Bangladesh

RMG exports fetch $5b in January

RMG exports fetch $5b in January

The RMG sector, the highest earner of export receipts of Bangladesh, earned nearly $5.0 billion in January 2024 after the political stability following the national election. The country’s export earnings grew by 14 per cent to $6.70 billion in the first 50 days of this calendar year, recove


PM opens National Insurance Day’s programme

PM opens National Insurance Day’s programme

PM opens National Insurance Day’s programme Prime Minister Sheikh Hasina inaugurated the observance of National Insurance Day 2024 at the Bangabandhu International Conference Centre (BICC) on Friday aiming to promote the idea of insurance by enhancing public awareness. In the same programme

RMG export to Europe reaches $13.92b in Jul-Jan

RMG export to Europe reaches $13.92b in Jul-Jan

Bangladesh's RMG export to the European Union (EU) reached $13.92 billion during the July-January period of the current fiscal year (FY24), with a growth of 1.32 per cent compared to the same period of the previous fiscal year (FY23). As per the latest statistics of the Export Promotion Bureau

Efforts underway to attract FDI in tourism sector

Efforts underway to attract FDI in tourism sector

Civil Aviation and Tourism Minister Muhammad Faruk Khan has said efforts are ongoing to attract foreign investment and develop the country's tourism sector under a master plan already formulated. The tourism and aviation industry of the country progressed steadily over the past 15 years with the i

Suspicious transactions jump by 65pc in FY23: BFIU

Suspicious transactions jump by 65pc in FY23: BFIU

Suspicious transactions and activity reported across the country jumped by around 65 per cent in the financial year 2022-2023, with 91 per cent of such reports filed by commercial banks, according to the annual report of the Bangladesh Financial Intelligence Unit (BFIU). Unveiling the report at Ba

BD seeks DFQF in Swiss market until 2029

BD seeks DFQF in Swiss market until 2029

Foreign Minister Dr Hasan Mahmud has urged Switzerland to follow suit of the European Union (EU) in extending duty-free and Duty-Free Quota-Free (DFQF) trade preferences until 2029. The minister also invited Swiss investment in IT and agro-processing sectors in Bangladesh, reports UNB. He stresse

BEPZA suggests rationalising HS Codes

BEPZA suggests rationalising HS Codes

Bangladesh Export Processing Zones Authority (BEPZA) has suggested rationalising the Harmonized System (HS) Codes to help the existing flow of investments, technology transfer and exports continue. BEPZA made the recommendation at a pre-budget meeting with the National Board of Revenue (NBR) ahead

Tax incentives for SMEs, high tax-free limit sought

Tax incentives for SMEs, high tax-free limit sought

Women entrepreneurs on Thursday sought tax incentives for small and medium enterprises (SMEs), upward adjustment of tax-free ceiling and flexible attitude to encourage their participation in trade fairs. The leaders of the Bangladesh Women Chamber of Commerce and Industry (BWCCI) and the Women Ent

No backtracking on LDC graduation

No backtracking on LDC graduation

Despite various challenges, Bangladesh will not seek to delay its scheduled graduation from the least-developed country (LDC) club, which is slated for November 2026. This was affirmed by a senior policymaker at a discussion in Dhaka on Thursday. "We will not backtrack, we will continue to move f

Over 10m income taxpayers in country now

Over 10m income taxpayers in country now

The number of registered income taxpayers just crossed the 10-million mark on Thursday in Bangladesh for the first time, raising hopes about the strengthening of the direct tax base within a short time. According to data of the National Board of Revenue (NBR), the figure of Taxpayer's Identifica