Economy
Business leaders worried over Russia's exit from grain deal
Six major trade bodies in Bangladesh expressed their concern
Dhaka, Chattogram stocks rise
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), gained 15 points, or 0.23 per cent, to close at 6,366.
ADB raises growth forecast for Bangladesh’s economy to 6% for FY23
The latest forecast by the Manila-based multilateral lender is close to the estimate by the Bangladesh Bureau of Statistics (BBS) at 6.03 percent for the FY23.
Chattogram customs falls short of import tax target
Chattogram Custom House has fallen short of its import tax collection target by around 17 per cent in the just-concluded fiscal year of 2022-23.
Foreigners working in Bangladesh on the rise
Experts blame dearth of skilled employees, managers locally
PM wants quick disposal of pending tax cases
Prime Minister Sheikh Hasina yesterday directed the authorities to quicken the disposal of the tax-related cases pending at the High Court since their conclusion has the potential to generate a lot of money for the government.
17 IIG operators fined Tk 45 lakh
Bangladesh Telecommunication Regulatory Commission (BTRC) has recently decided to fine 17 International Internet Gateway (IIG) service operators a total of Tk 45 lakh for violating rules, including under invoicing, not sharing revenue and changing share structures without prior approval.
Non-tax revenue collection grows marginally
The government’s overall non-tax revenue collection grew marginally in the first nine months of fiscal year 2022-23, with dividends and profits earned by state-owned enterprises slumping to one-third of that in the preceding year.
Stone import thru Banglabandha halted for eight days
Stone import through Banglabandha land port of Panchagarh has remained suspended for the last eight days as the Indian truckers stopped carrying stones to Bangladesh because of the imposition of a new tax.
Wholesale wheat prices start rising
Russia’s exit from the Black Sea grain deal has started affecting the wholesale prices of wheat in Bangladesh, but the local retail markets are yet to feel any impact of it.
BJIT Group teams up with Japan’s Marubeni for expansion
Leading local software exporter BJIT Group has entered into a business and capital alliance with Japanese trading firm Marubeni Corporation as part of efforts to expand global footprint.
Kamal meets his Indian counterpart in India
Bangladesh Finance Minister AHM Mustafa Kamal attended a bilateral meeting with his Indian counterpart Nirmala Sitharaman on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting in Gandhinagar, Gujarat in India yesterday.
Leading Ctg businessman laments dependence on govt offices in Dhaka
Though Chattogram is termed as the country’s commercial capital, businesses there still depend on government offices in Dhaka for licences and documentations required to do business, according to a businessperson in Chattogram.
Seven Rings Cement organises sales confce
The Seven Rings Cement brand organised the “4th Sales Conference 2023” at Sea Pearl Beach Resort & Spa in Cox’s Bazar recently.
MGI holds dealers’ confce of cement brands in Thailand
Fresh Cement and Meghnacem Deluxe, two cement brands of the Meghna Group of Industries (MGI), recently organised a “Dealers’ Conference 2023” in Pattaya, Thailand to recognise more than 100 top-performing dealers for their brands.
Standard Bank holds 379th board meeting
Standard Bank Ltd yesterday organised the 379th meeting of its board of directors at its head office in Gulshan, Dhaka.
China’s Geely to invest $10b in Malaysian auto hub
Chinese car maker Geely will invest $10 billion to develop Malaysia’s main auto-making hub, state news agency Bernama quoted Prime Minister Anwar Ibrahim as saying on Tuesday.
GP makes Tk 1,973cr profit in January-June
Grameenphone, the largest mobile phone operator in Bangladesh, registered a 14 per cent year-on-year higher profit to Tk 1,973 crore in the first half of 2023.
