3h ago| Economy

Remittance to rise this fiscal year: BB

Remittance inflow may rebound significantly in Bangladesh in 2022-23 fiscal year as increased number of people flew abroad for jobs, Bangladesh Bank Governor Fazle Kabir said yesterday. 

3h ago| Economy

BB to discourage luxury imports

Bangladesh Bank yesterday said it has decided to raise the ratio of payments businesses must make to banks while opening letters of credit (LCs) for luxury goods, foreign fruits and non-essential items such as non-cereal food, canned and processed products. 

3h ago| Economy

FY23 budget’s journey begins amid a tempest

The timing could not be worse for the fiscal year to start with. 

14h ago| China

China’s factory, services shake off lockdown pain

China’s factory and service sectors snapped three months of activity decline in June, business surveys showed on Thursday, as authorities lifted a strict Covid lockdown in Shanghai, reviving output and consumer spending.

14h ago| Economy

NID sufficient for securing digital business ID

People can no longer operate e-commerce businesses in the country without having a digital business identification (DBID) number, which can be availed even without a trade license given that the entity has an official website or social media page, according to new guidelines in this regard.

14h ago| E-commerce

Give loans against digital business ID

E-commerce entrepreneurs yesterday urged the government to provide them with bank loans by taking into account their digital business identification (DBID) in place of trade licences.

July 1, 2022
July 1, 2022

Businesses frown at monetary policy

Businesses have expressed discontent at Bangladesh Bank setting a private sector credit growth target of 14.1 per cent for 2022-23 that is lower than the just-concluded fiscal year. 

July 1, 2022
July 1, 2022

Give loans against digital business ID

E-commerce entrepreneurs yesterday urged the government to provide them with bank loans by taking into account their digital business identification (DBID) in place of trade licences.

July 1, 2022
July 1, 2022

NID sufficient for securing digital business ID

People can no longer operate e-commerce businesses in the country without having a digital business identification (DBID) number, which can be availed even without a trade license given that the entity has an official website or social media page, according to new guidelines in this regard.

July 1, 2022
July 1, 2022

China’s factory, services shake off lockdown pain

China’s factory and service sectors snapped three months of activity decline in June, business surveys showed on Thursday, as authorities lifted a strict Covid lockdown in Shanghai, reviving output and consumer spending.

July 1, 2022
July 1, 2022

IMF tells Sri Lanka to fight graft, raise taxes

Sri Lanka should stamp out corruption and substantially raise taxes to rescue its economy, the International Monetary Fund said Thursday after bailout talks with the bankrupt island nation.

June 30, 2022
June 30, 2022

Tk 678,064cr national budget for FY 2022-23 passed in parliament

Parliament today (June 30, 2022) passed the Tk 678,064 crore national budget for the fiscal year 2022-23, with the theme “Return to the Path of Development Leaving the Covid-19 Behind” to overcome the impact of coronavirus pandemic and Russia-Ukraine war on the economy.

June 30, 2022
June 30, 2022

Ukraine war, inflation cut Bangladesh’s export to Germany: German envoy

The prolong in Russia-Ukraine war, energy crisis and increasing inflation are likely to rein in Bangladesh’s present export momentum to Germany in the days to come, German Ambassador to Bangladesh Achim Troster said.

June 30, 2022
June 30, 2022

Foggy stance of Bangladesh Bank on exchange rate

A key objective of issuing a monetary policy statement on the eve of the new fiscal year is to provide forward guidance to the public about the likely future course of monetary policy. When credible, individuals and businesses use this information in making decisions about spending and investments.

June 30, 2022
June 30, 2022

World Bank’s $515m deal for reliable electricity thru Palli Bidyut

The government today signed a $515 million financing agreement with the World Bank to help 9 million people get access to reliable electric supply while transitioning to clean energy.

June 30, 2022
June 30, 2022

Reconsider conditions for bank loans to small businesses: SME Foundation

The government should reconsider its decision to make it mandatory for small and medium businesses to submit proof of income tax return in case of loans of Tk 5 lakh or more, the SME Foundation said today.