Six major trade bodies in Bangladesh expressed their concern
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), gained 15 points, or 0.23 per cent, to close at 6,366.
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 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.
Experts blame dearth of skilled employees, managers locally
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.
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.
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 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.
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.
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.
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.
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.
The Seven Rings Cement brand organised the “4th Sales Conference 2023” at Sea Pearl Beach Resort & Spa in Cox’s Bazar recently.
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 Ltd yesterday organised the 379th meeting of its board of directors at its head office in Gulshan, Dhaka.
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.
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.