The interim government is set to slash the development budget for the fiscal year (FY) 2025-26 by 14 percent year-on-year, as it struggles with limited fiscal space and steers away from costly mega-projects.
Many potato farmers across Bangladesh are incurring losses this season despite a bumper harvest and the highest exports in three years, as a steep drop in domestic prices has left them unable to recover even their production costs.
Bangladesh Bank (BB) has asked four state-run banks to submit a work plan for the next three years to improve their financial health, which had turned fragile during the Awami League-led government’s regime due to political interference and irregularities.
HSBC Bangladesh’s profit rose 9 percent year-on-year to Tk 1,086.13 crore in 2024, thanks to an increase in interest income.
The Chief Adviser’s Office has recently formed an eight-member committee to assess the proposed merger of several investment-related agencies under the single umbrella of the Bangladesh Investment Development Authority (Bida).
Bangladesh is stepping up its efforts to attract foreign direct investment (FDI) through sweeping reforms, a more stable macroeconomic environment, and targeted incentives.
A few days ago, famous Bangladeshi cricketer Tamim Iqbal suffered a major heart attack during a match. Around the same time, Bollywood actor Saif Ali Khan was attacked in his own residence.
OpenAI CEO Sam Altman announced Monday that the company behind ChatGPT will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organization.
`The government will not allow cattle imports ahead of Eid-ul-Azha as there is a higher supply of animals than demand in the country, Fisheries and Livestock Adviser Farida Akhter said yesterday.
The BCS Taxation Association has called to immediately rescind the draft ordinance that proposes dissolving the National Board of Revenue (NBR) and replacing it with two separate entities -- the Revenue Policy Division and the Revenue Management Division.
The number of policyholders failing to pay their insurance premiums on time declined in 2024 from the previous year, but the rate of discontinued policies remains high -- reflecting fragile customer confidence in the local insurance sector.
The Bangladesh Bank (BB) has applied to the finance ministry seeking a one-month extension after a majority of banks, including listed lenders, failed to finalise their annual financial statements by the April 30 deadline.
Business leaders and policy experts in Bangladesh have urged the interim government to adopt predictable tax policies and accelerate digitalisation of the tax system in order to foster investor confidence and drive sustainable economic growth.
The country’s flagship textiles and readymade garments (RMG) industries are reeling from a crippling gas crisis, threatening an estimated $70 billion in investments amid mounting global trade uncertainty over new US tariffs.
BB seeks govt approval to extend deadline
The BCS Taxation Association has called to immediately rescind the draft ordinance that proposes dissolving the National Board of Revenue (NBR) and replacing it with two separate entities -- the Revenue Policy Division and the Revenue Management Division..Under the draft "State Policy and
It is worth looking beyond the immediate economic cost of the IMF loan
The country has a higher supply of sacrificial animals than demand, says Fisheries and Livestock Adviser Farida Akhter
