NBR looking to expand base of VAT payers
The National Board of Revenue has taken a move to expand its Value Added Tax base, with a view to increase revenue collection for the national exchequer...
Economy
US passion for tariffs rarely pays off, economists warn
Long before Donald Trump鈥檚 鈥楲iberation Day鈥� announcement, the United States had toyed with imposing high tariffs throughout its history, with inconclusive鈥攁nd sometimes catastrophic鈥攔esults...
How can the EU respond to Trump tariffs?
The EU has 鈥榚verything on the table鈥� as a response to president Donald Trump鈥檚 sweeping new tariffs聽 -- including possibly targeting US Big Tech and taxing more American goods 鈥� should talks with Washington fail...
IMF team to begin discussions Sunday on $4.7billion loan tranches
The delegation from the International Monetary Fund will start discussions on Sunday to review updated financial data before releasing the next tranches of the $4.7 billion loan...
IMF team to arrive in Dhaka on Saturday
A delegation from the International Monetary Fund will arrive in Dhaka on Saturday to assess progress on various conditions before the disbursement of the fourth and fifth tranches of the $4.7 billion loan agreement...
Govt treasury bill, bond rates rise again
The government has increased the interest rate on treasury bills and bonds as banks were reluctant to invest excess liquidity in the securities ahead of Eid-ul-Fitr vacation...
Fitch downgrades China鈥檚 rating to 鈥楢鈥�, outlook stable
Global ratings agency Fitch downgraded China鈥檚 long-term foreign-currency issuer default rating from 鈥楢+鈥� to 鈥楢鈥� on Thursday, noting weakening finances and debt concerns...
China vows 鈥榗ountermeasures鈥� to sweeping new US tariffs
China on Thursday said it 鈥榝irmly opposes鈥� sweeping new US tariffs on its exports, vowing 鈥榗ountermeasures鈥� to protect its rights and interests...
Cambodia commerce ministry says US tariffs 鈥榥ot reasonable鈥�
Harsh new trade tariffs imposed on Cambodia by US president Donald Trump are 鈥榥ot reasonable鈥�, the Southeast Asian country鈥檚 commerce ministry said Thursday...
Lanka warns US tariffs threaten 鈥榯housands鈥� of jobs
Sri Lanka鈥檚 apparel manufacturing industry warned on Thursday that sweeping US tariffs will disrupt the island鈥檚 largest export sector and place thousands of jobs at risk...
Eid tourism losing charm
Eid is no longer just about returning to one鈥檚 ancestral home over time, Eid holidays have evolved into a significant period for domestic tourism...
Major economies vow retaliation as Trump set to unleash tariffs
US president Donald Trump was poised to unveil sweeping new 鈥楲iberation Day鈥� tariffs on Wednesday, but kept the world guessing until the last minute about the scope of an onslaught that could spark a global trade war...
Tesla sales tumble in Europe in March
Tesla sales kept falling in March in many European markets as it suffered from a double blow of boycotts against the policies of its founder Elon Musk and an ageing model line-up...
Cuba resurrects dollar-only stores, a symbol of inequality
In communist Cuba, some customers are more equal than others, as a 40-year-old math teacher who was out shopping recently in Havana with his son discovered...
UK economy slightly stronger than expected in 2024
Britain鈥檚 economy grew slightly more than initially forecast last year, official data showed Friday, in a hint of good news for the government after it slashed its growth outlook for 2025.