Economy

Economy

Business leaders worried over Russia's exit from grain deal

Six major trade bodies in Bangladesh expressed their concern

2h ago

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.

3h ago

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.

8h ago

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. 

13h ago

Foreigners working in Bangladesh on the rise

Experts blame dearth of skilled employees, managers locally

13h ago

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. 

20h ago

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. 

20h ago

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. 

20h ago

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.

20h ago

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.

20h ago

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.

20h ago

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.

20h ago

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. 

20h ago

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. 

20h ago

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.

20h ago

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.

20h ago

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.

20h ago

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. 

20h ago