Industries
Amnesty to black money in EZs, hi-tech park may go
An amnesty provided to black money invested in economic zones and hi-tech parks is unlikely to be continued from the next fiscal year of 2024-25 as per plans of the National Board of Revenue (NBR).
Cash subsidy for exports surges. Only garment yields expected results
The government’s cash incentive against export receipts has soared over the years although many sectors could not make their mark in the global market, bringing in limited results for the government’s diversification initiative.
Next budget will be challenging than previous years: Debapriya
High inflation, rising pressure on external account to slow down economy, the economist said
Power producers may lose zero-duty benefit
Power generation companies, including rental ones, may see an end to a zero-duty benefit on their import of machinery, equipment and spare parts from next fiscal year as the government moves towards generating more revenue curtailing the practice of handing out tax exemptions.
Business leaders call for interest rate ceiling
The Bangladesh Bank told businesspeople that the lending rates will not exceed 14 percent, according to the leaders of several trade bodies.
UAE’s AD Ports Group to invest $1 billion to develop Ctg port
The Chittagong Port Authority signs MoU with the Abu Dhabi-based company
Jamuna Bank Q1 profit up 23%
In Jan-Mar, the bank made a profit of Tk 164 crore this year, up from Tk 134 crore last year
Dhaka Bank’s Q1 profit highest in 4 years
The bank's profit rose 26% year-on-year to Tk 60.39 crore in Jan-Mar period of 2024
Bangladesh expands offshore banking in hunt for forex
Offshore banking is increasingly becoming a key window for banks in Bangladesh to facilitate investments and international trade by attracting deposits in foreign currencies.
Investors in hi-tech parks, EZs may lose tax benefits
Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.
Alternatives to cash incentives planned for exports
The government plans a new export promotion fund as an alternative to direct cash incentives for export-oriented sectors to help the country face challenges resulting from its graduation to a developing nation in 2026.
Islamic banks lose Tk 8,496 crore deposits in a month
Deposits in Islamic banks reduced, but in Islamic banking branches of conventional banks rose
Bangladesh’s outlook remains bright despite global uncertainty
Despite global uncertainty, Bangladesh’s outlook has remained bright and the economy is expected to grow steadily, said a top economist of the Hongkong and Shanghai Banking Corporation (HSBC).
Semiconductor makers have potential to earn $10 billion by 2041: Palak
Bangladesh would be able to earn $10 billion from semiconductor manufacturing by 2041 if proper policy support is ensured, according to Zunaid Ahmed Palak, state minister for telecom and ICT.
Bangladesh’s outlook remains bright despite global uncertainty
Says HSBC’s chief economist for Asia
Finance minister infected with Covid-19
Cabinet Secretary for Coordination and Reforms Mahmudul Hossain Khan told The Daily Star
BATB's profit drops as for high inflation deters smokers
British American Tobacco Bangladesh (BATB) saw a drop in its profits and sales in the January-March period of 2024, reasoning that people had cut back on smoking cigarettes amidst high inflationary pressure.
BRAC Bank to get $50 million loan from British International Investment
The bank will support 3,500 MSMEs and women-led businesses in Bangladesh
