NBR exempts VAT on several essentials
The National Board of Revenue has exempted聽value added tax on several essential items to keep commodity prices stable聽during the holy month of Ramadan.
Economy
No fund allocation to projects sans updates
Planning adviser Wahiduddin Mahmud on Monday said that the allocation of fund to the projects without updates would remain suspended.
Remittance inflow hits $2.5b in February
Remittance inflows to Bangladesh surpassed $2.5 billion in February as expatriates sent additional funds presumably to support their families ahead of Ramadan...
VAT machine made mandatory for highway restaurants in Bangladesh
The National Board of Revenue has decided to make mandatory installing Electronic Fiscal Device (EFD) or Sales Data Controller (SDC) machines at all VAT-eligible hotels and restaurants located on highways across the country...
Bangladesh, Indonesia explore new frontiers in sustainable finance
In demonstration of their shared commitment to聽advancing sustainable economic growth, Bangladesh and Indonesia engaged in a聽high-level exchange on sustainable finance.
Default loans hit record Tk 3.45 lakh crore
The volume of non-performing loans in the country鈥檚 banking sector has skyrocketed by Tk聽2 lakh crore in just one year, reaching a staggering Tk聽3.45 lakh crore at the end of December 2024...
Erosion of multilateralism threatens global stability
The erosion of multilateralism threatens global growth and stability, president Cyril Ramaphosa warned Wednesday at a G20 finance meeting in South Africa marked by the absence of the US Treasury secretary...
Loan repayment becomes heavy burden, says NBR chair
National Board of Revenue chairman Md Abdur Rahman Khan on Tuesday said that the payment of instalments of the domestic and foreign debts and interest on these loans had become a heavy burden to the country...
Businesses urge NBR to set up consultation, advocacy wings
The country鈥檚 businesses on Monday urged the National Board of Revenue for establishing separate wings for policy and implementation to enhance business sector consultations and advocacy.
Skilled human resources stressed to attract FDI
Business stakeholders of the United Arab Emirates said that Bangladesh should focus on its large pool of young people and make them skilled enough so that foreign investors could feel confident about investing in Bangladesh and utilising this young demographic dividend...
Bangladesh鈥檚 economy stabilising on exports and remittances: MCCI review
Bangladesh鈥檚 economy has gradually been recovering from political instability and a banking loan scam, according to a review by the Metropolitan Chamber of Commerce and Industry...
Tariff weaponising by US, others concerning for Bangladesh: Rehman Sobhan
Economist Rehman Sobhan on Monday said that the world of liberalisation and globalisation was now in retreat amid weaponising the tariff by powerful nations, causing concerns for Bangladesh...
Forex reserve nears $21b amid high remittance
Bangladesh鈥檚 gross foreign exchange reserves, calculated under International Monetary Fund guidelines, neared $21 billion again, driven by strong remittance inflows...
Proactive ties with EU stressed to tap GSP+ benefits
Experts at a conference on Monday laid emphasis on engaging proactively with the European Union to secure enhanced GSP+ benefits including duty-free access for garments...
Country鈥檚 economy in positive trend: BIDA chief
Bangladesh Investment Development Authority executive chairman Chowdhury Ashik Mahmud Bin Harun said that there was a positive trend in the country鈥檚 economy in the past six months...