Bangladesh's leather industry has been struggling to surpass the US $1.0 billion export mark for over a decade, hindered by compliance gaps and insufficient new investment, said sector leaders and economists. Industry stakeholders describe the sector as 'trapped in a billion-dollar cage', with mul
Some banks were left in miserable situations during the last regime due to corruption and irregularities. Now, there is no alternative but to consolidate them and restore good governance in the banking sector. This observation was made at a session titled "Bank Crisis, Reforms & Regulations &ndas
The United States (US) has issued eight key recommendations to improve transparency in Bangladesh's financial sector, according to its 2025 Fiscal Transparency Report released by the US State Department on Friday. The recommendations include publishing end-of-year reports in a timely manner, prepa
The United States has issued eight key recommendations to improve transparency in Bangladesh’s financial sector, as highlighted in its 2025 Fiscal Transparency Report released by the US State Department on Friday. The recommendations include timely publication of fiscal and audit reports, pr
Bangladesh gradually becomes a priority country to France under Indo- Pacific development policy but its assistance, as of other countries, may pass through challenges ahead due to US global pullback trends The next G7 summit where the United States' role is significant for having strong investmen
The government is going to hold a national dialogue with the stakeholders to reach a national consensus on the issue of possible deferment of Bangladesh's graduation from the LDC bloc. Chief Adviser Dr Muhammad Yunus will convene the dialogue so that the government can prepare a report for the Uni
Ambassador of Japan to Bangladesh Saida Shinichi has expressed optimism about signing economic partnership agreement (EPA) with Bangladesh soon. The envoy expressed the hope during a bilateral meeting with President of Dhaka Chamber of Commerce and Industry (DCCI) Taskeen Ahmed at DCCI Gulshan Cen
The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved 13 projects worth Tk 83.33 billion aimed at strengthening energy exploration, upgrading infrastructure, and supporting social development across the country. To strengthen the state-owned energy exploration comp
The country's Value Added Tax (VAT) automation has remained monopolised by Vietnamese firm FPT, as the online platform was developed on software for which there is no local expertise. The contract with FPT, signed in 2015 at a value of US$33.6 million, is the largest turnkey IT contract in Banglad
Tax Deducted at Source (TDS) turns a nagging burden for most businesses as it drives up the cost of doing business and further fuels inflation, a latest research reveals. The source-tax-impact study by the Business Initiative Leading Development (BUILD) shows that the National Board of Revenue (NB
Planning Adviser Dr Wahiduddin Mahmud on Wednesday said the government will no longer take foreign loans merely because they are available, emphasising that external financing will now be reserved for essential projects aligned with national priorities. In the past, loans from the World Bank, IMF,
The Executive Committee of the National Economic Council (Ecnec) on Wednesday approved 13 development projects involving an overall estimated cost of Tk 8,333.28 crore. Of the total cost, Tk 4,437.82 crore will come from the government’s fund, Tk 1,225.36 crore as project assistance, while t
Bangladesh counts US$1.78 billion in lost productivity in a year as rising temperatures ate up about 25 million working hours in 2024 through the heat impact on health, the World Bank reveals. "The resulting economic losses are projected to be between $1.33 billion and $1.78 billion, which represe
