Private sector is asked to proactively lobby through their international trade partners for deferment of Bangladesh's LDC graduation as exporters and economists cite some shortcomings for status change. "Time is running out to make the case at the United Nations," Dr Anisuzzaman Chowdhury, Special
Bangladesh saw its balance of payments (BoP) deficit narrow in the opening month of the fiscal year 2025-26 as two props helped partly offset a sharp deterioration in the country's financial account. Last official statistics show a current-account surplus and robust remittance inflows helped out i
A visiting US trade delegation stressed expediting Bangladesh's labour-law amendment and narrowing the bilateral trade gap to pave the way for further reduction in the tariffs on Bangladeshi exports to the American market. At a discussion Monday in Dhaka, the local apparel leaders mentioned that t
Bangladesh Bank on Monday purchased US$353 million from 26 commercial banks through a multiple-price auction in a bid to stabilise the exchange rate of the dollar. According to the central bank, the measure aims to maintain stability in the foreign exchange market and encourage the inflow of remit
Finance Adviser Dr Salehuddin Ahmed on Sunday called on the country's lawyers, especially tax lawyers and representatives, to refrain from misleading the government with false information. "Both plaintiff and defendant lawyers may lie or hide the truth," he said while addressing at the inauguratio
The country's foreign exchange reserves rose further on Sunday, reaching US$30.59 billion, according to data released by the Bangladesh Bank (BB). Measured under the International Monetary Fund's Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6), the reserves s
Washington has assured Bangladesh of considering further reduction in the current 20-percent retaliatory tariff on Bangladeshi products if the bilateral trade deficit continues to narrow. And the trade gap with the United States has already been on the decline, Commerce Adviser of the interim gove
Despite an overall decline in the country's mobile financial transactions, inward remittances through MFS registered a notable rise in June. However, the overall decline was attributed to a data-reporting gap. Total MFS transactions fell by 5.49 per cent in June 2025, even as the number of users
Latest revenue rules are being bent to allow authorised representatives to assist taxpayers in online tax-return submission to make the process faster and simpler. The National Board of Revenue (NBR) is going to launch Tax Representative Management System (TRMS) software for the third party, tax l
The interim government’s chief adviser’s Special Assistant Dr Anisuzzaman Chowdhury has said that the private sector should start lobbying through their international partners to defer Bangladesh’s graduation from the least-developed country (LDC) status. He noted that a final de
The state-owned Janata Bank has sought the government's necessary steps for recovering its Tk 18.38 billion worth of outstanding loans from the Bangladesh Sugar and Food Industries Corporation (BSFIC) and some other sugar mills. Managing Director of Janata Bank Md. Mazibur Rahman in a letter recen
The Chittagong Port Authority (CPA) is constructing Bangladesh's first heavy-lift jetty at Laldia Char to meet a longstanding demand coming from the business community to handle specialised cargo. The Bangladesh Navy will implement the project, with the site located just a few kilometres from the
A liquidity-feeding instrument titled Assured Liquidity Support (ALS) becomes a boon for primary dealer (PD) banks as the instrument holds a hefty share of the central bank's special funding facilities, bankers say amid its liquidation suggestion. Some experts say the special fund-feeding recipe r
