Industrial stagnation and shrinking private investment have caused 1.4 million (14 lakh) people to lose jobs, leaving them “wandering on the streets without employment,” Ha-Meem Group Managing Director and former FBCCI president A.K. Azad said on Saturday. Speaking at the opening sessi
The National Board of Revenue (NBR) is in a dilemma over offering a fresh tax benefit on import of edible oils considering revenue impact. A proposal from the Ministry of Commerce (MoC) to consider tax benefits on the essential commodity for Ramadan is under review in the tax authority now. A sen
Finance Adviser Dr Salehuddin Ahmed has noted with concern that VAT paid by the public often fails to reach the government treasury. He has described this as "unfortunate" and stressed the need to simplify procedures to ensure that VAT is properly deposited. "VAT is a modern and powerful mechan
Bangladesh's economy will post a 5.0-percent growth in 2026 with easing inflation and remittance inflows helping households despite ongoing structural challenges, global agency Mastercard forecasts. South Asia as a region continued to show solid momentum, says the Mastercard Economics Institute
The American Chamber of Commerce in Bangladesh (AmCham) hosted a focus group discussion titled "Powering Bangladesh Toward Energy Security" on Tuesday at the Sheraton Dhaka Hotel, according to a press release. The event was supported by Chevron Bangladesh, an industry leader whose 30-year partners
Finance Adviser Dr Salehuddin Ahmed has underscored the urgent need to curb VAT leakage, widen both VAT and income tax coverage, and modernise Bangladesh’s tax administration. “Bangladesh’s economic progress depends fundamentally on its ability to mobilise domestic resources rath
National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan on Tuesday said the revenue authority is developing an automated system that will integrate taxpayers’ annual return submission with banks. It will ease eliminate the need for individuals to collect multiple bank certificates from
National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan on Tuesday underscored the urgent need to expand the country’s VAT and income tax base to reduce reliance on import-based revenue, strengthen fiscal stability, and support Bangladesh’s development ambitions. “Developme
Interest rate cannot be reduced in the near future as price-fueled inflation still stays intractably high, Bangladesh Bank Governor Dr Ahsan H Mansur said Monday to set at rest businesses' pleas. Speaking at same function, Meanwhile, National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan al
As the global order reshapes around competing supply-chain architectures, Bangladesh finds itself in the challenging but strategically significant middle. The United States and China - two indispensable partners in Bangladesh's economic lifeline - are increasingly locking horns over trade, technolo
Macroeconomic mismanagement that began in mid-2022 with squandering of the country's comfortable foreign exchange reserves lasted until the ouster of the autocratic regime. The Monsoon Revolution of August 2024, partly triggered by the economic malaise, dealt the next major blow to the economy. Wha
The two divisions of the National Board of Revenue (NBR) -- Revenue Policy and Revenue Management – will be introduced during the tenure of the interim government, NBR Chairman Md Abdur Rahman Khan says. He expects the two divisions to begin operating soon once the remaining bureaucratic pro
Bangladesh's economy continues to face significant stress from persistent inflation, weak investor confidence, limited fiscal space and external uncertainties, even as some indicators point to the prospect of a gradual recovery in the coming months, according to the Bangladesh State of the Economy
