Over 150 imports, including essentials and capital goods for industries, are set to be costlier with a 2.0-percent advance income tax levied, businesses said. The National Board of Revenue (NBR) has imposed the AIT on the import of 150 items under nearly 200 HS (Harmonized System) codes, as pe
Bangladesh's readymade garment (RMG) sector could be on the cusp of a transformative leap, with the potential to earn up to US$94 billion in annual export earnings by 2029, if the country expands into non-traditional markets and embraces manmade fibre (MMF) production. This ambitious amount is exp
Cash feeding into banks continues as the regulator decided to defer rollback of 14-day-tenure central-bank repo by minimum three months, to a much-needed respite to the commercial lenders from liquidity crunch. The Bangladesh Bank (BB) earlier in April last decided to phase out the 14-day liquidit
The government has temporarily suspended National Board of Revenue Commissioner Zakir Hossain on charges of hampering revenue collection at the Chattogram port by keeping customs offices closed, suspending customs clearance at ports, and bringing export-import trade to a complete halt. A notificat
After two consecutive reductions, the price of gold in the domestic market has increased again. The Bangladesh Jewellers Association (BAJUS) on Tuesday announced a hike of Tk 1,890 per bhori (11.664 grams) for 22-carat gold, setting the new price at Tk 172,126, UNB reports. In a statement i
Bangladesh has resolved its payment dispute with India’s Adani Power, clearing overdue bills and removing uncertainty over power supply from the company’s Jharkhand-based plant. A PTI report citing New Delhi sources reveals that Bangladesh made a record single payment of $437 million i
Shahjalal Islami Bank PLC organised a Seminar on Female Participation in Financial Sector & Female Right in 28 June, 2025 in its Uttara Branch Dhaka. The Managing Director of the bank Mr. Mosleh Uddin Ahmed was Chair while Mr Md. Iqbal Mohasin, Director, Financial Inclusion Department of Banglades
Expansion into non-traditional markets and the adoption of MMF (manmade fibre) could lead to an average annual export growth of 15 per cent, potentially increasing the country’s readymade garment foreign currency earnings to US$94 billion by 2029. Besides, expansion in domestic pain and dye
Summit Group has announced the appointment of Md Reaz Uddin as the Managing Director and Chief Executive Officer (CEO) of Summit Meghnaghat I Power Company Limited (337 MW Combined Cycle Power Plant) and Summit Meghnaghat II Power Company Limited (583 MW Combined Cycle Power Plant). Summit Meghna
The Dhaka Stock Exchange PLC (DSE) has appointed Mohammad Asadur Rahman as its new Chief Operating Officer (COO). Before this appointment, Rahman held significant roles within the DSE. He first joined the exchange on April 15, 2010, as an Assistant General Manager. He was subsequently promoted to
