New rates effective from today
Consumers are likely to pay more for a range of home appliances, from rice cookers and clothing irons to air conditioners (ACs), as the government phases out value-added tax (VAT) exemptions on locally manufactured electronics.
The government has introduced stricter regulations on the import of gold bars and ornaments under newly updated baggage rules while offering some leniency in other areas.
The country’s trade deficit narrowed by 2.60 percent in the first ten months of the current fiscal year compared to the same period a year ago, thanks to a rise in export earnings coupled with subdued imports.
The government’s latest tax measures are likely to put further strain on businesses, as tax burdens have increased even though economic recovery remains sluggish, experts warned yesterday.
The government has proposed a 3.55 percent rise in the budget allocation for agriculture, food, livestock and fisheries in the next fiscal year, setting aside Tk 39,620 crore.
Bangladesh’s readymade garment (RMG) industry is the powerhouse of the national economy, accounting for nearly 85 percent of export earnings and employing millions, particularly women from vulnerable communities.
Shifts in US trade policy could hold back further progress in lowering inflation, a senior US central bank official said Tuesday, as President Donald Trump’s sweeping tariffs ripple through the economy.
Indices of the Dhaka Stock Exchange rose on the last day of trading yesterday before the beginning of the Eid festival, recovering from the previous day’s losses.
Alongside existing exemptions for spouses, parents, and children, the government has proposed tax exemptions on donations made to siblings as part of its latest fiscal measures.
Chattogram Port has added to its fleet 15 new four-high straddle carriers, an essential type of container-handling equipment.
The government approved the purchase of 200 double-cabin pickups for the police and the import of 1.3 million tonnes of refined petroleum products to meet fuel demand in the second half of the year.
Bank branches in Dhaka experienced a massive surge in cash withdrawals and other banking transactions yesterday, the last working day before a 10-day Eid-ul-Azha holiday.
The Foreign Investors' Chamber of Commerce and Industry (FICCI) yesterday termed reform measures in the proposed national budget "positive" but warned that implementation of certain tax measures may lead to unintended burdens on industries and individuals.
Sonali Bank saw its earnings rise in 2024, driven by higher interest income.
The allocation for the power division in the national budget for fiscal year 2025-26 is around 30 percent less than that of the previous fiscal year, while it has been nearly doubled for the energy and mineral resources division. .The government has decided to cut electricity production c
The government has proposed a 3.55 percent rise in the budget allocation for agriculture, food, livestock and fisheries in the next fiscal year, setting aside Tk 39,620 crore..But agro-economists say the increase is far from sufficient to ensure the country’s long-term food security..<p
Other sectors will lose competitiveness if only one sector gets the benefit, the chamber says
The announcement came as a delegation from the Ministry of Agriculture and Environment led by Minister Do Duc Duy, visited the United States.
Typically, the Fed holds interest rates at a higher level if inflation is elevated and when inflation is low
Trump late Tuesday signed an executive proclamation that puts into effect from Wednesday his surprise announcement last week that he was taking the tariffs on steel and aluminum imports that had been in place since March to 50% from 25%.
Corruption remains a pervasive challenge across the country, undermining the effective implementation of the national budget, Anisuzzaman Chowdhury, special assistant to the chief adviser, said at a post-budget discussion yesterday.
The International Air Transport Association (IATA) estimates fewer than five billion air journeys will take place this year, compared with the previously forecast 5.22 billion.
Bangladesh recorded a sharp rise in remittance inflows in May, as migrant workers sent more money home in the run-up to Eid-ul-Azha, which falls in early June.
US President Donald Trump’s tariffs, his call to “drill baby drill” and especially a decision by Opec+ to hike crude output quotas have oil prices trading at lows not seen since the Covid pandemic.
Mission Green Bangladesh took the initiative. Over 5,000 trees were planted, with the active participation of 1,700 volunteers
The signing ceremony was held on June 3 at the BEF office in Police Plaza Concord
bKash, a leading mobile financial services (MFS) provider, has presented 14 individuals with Hisense deep freezers and 43-inch Hisense smart TVs for receiving the highest amount of remittance through its platform during the first week of a special campaign ahead of Eid-ul-Azha..JM Taslim K
The Mastercard Center for Inclusive Growth, in partnership with commerce platform ShopUp, has launched an initiative titled Porshi, aimed at equipping women-led small businesses in Bangladesh with the digital tools and skills necessary to flourish in the modern economy..Supported by the Ga
ACI Motors Limited, an automobile enterprise and a subsidiary of ACI Limited, has recently signed a strategic partnership deal with the Chinese technology firm EcoFlow to introduce a new line of portable energy solutions tailored for the Bangladeshi market..FH Ansarey, managing director of
Chinese investors have shown interest in strategic sectors in Bangladesh — including textiles, renewable energy, electronics, and agribusiness — signalling a new phase of bilateral investment cooperation, according to the Bangladesh Investment Development Authority (Bida)..The interest was
Mastercard, a leading global digital payment solutions, has joined forces with Star Cineplex to unveil the “Mastercard–Star Cineplex Exclusive Discount Campaign 2025”, launched in anticipation of Eid-ul-Azha..Running from June 1 to June 15, the campaign offers Mastercard credit cardholders
Mamun Rashid has been appointed chairman of BD Venture Limited, a technology-oriented venture capital firm in Bangladesh..Rashid is a seasoned finance professional, policy advocate, and corporate leader with nearly four decades of experience spanning banking, consultancy, and institution b
Watch today's episode of Star Explains to find out more
Watch to find out more in today's episode of Star Explains with Ahsan
In recent years, treasury bills and bond interest rates have exceeded those of savings certificates
When prices of widely consumed staples like potatoes, edible oil, sugar or onions spike and remain inflated for extended periods, it understandably hits the poor and low-income people where it hurts the most: in their wallet.
Migrant Bangladeshis sent home $2.39 billion in October
Evidence-based policymaking and timely impact evaluations are essential to ensure development efforts lead to real progress, Nobel laureate economist Abhijit Banerjee said yesterday..“Evidence is not costly. Relative to the scale of many government programmes, it's actually quite cheap,” s
Structural Engineers Limited (SEL), a leading commercial real estate agency in Bangladesh, recently organised a three-day event titled “Experience SEL” at the SEL Orchard Convention Hall, located at the Orchard Point Shopping Complex in the capital’s Dhanmondi..The event drew prominent arc
BRAC Bank PLC has entered into a strategic partnership with Green Delta Insurance PLC, with the objective of providing life and health insurance coverage to 50,000 women remittance beneficiaries by 2025..Md Shaheen Iqbal, deputy managing director and head of treasury and financial institut
AB Bank PLC has unveiled three new Shariah-compliant deposit schemes for its customers: AB Maahir, AB Islamic DPS, and the AB Hajj Deposit Scheme..Syed Mizanur Rahman, managing director and CEO of the bank, inaugurated the schemes at a function held at the bank’s head office in the capital
Mastercard, the global digital card payment services provider, has unveiled a new promotional initiative titled the “Eid Electronics Campaign”..Under this campaign, Mastercard cardholders can avail themselves of an array of discounts and opportunities to win exclusive rewards across electr
ONE Bank PLC has recently signed an agreement with the National Pension Authority (NPA), marking a significant step towards enhancing pension-related services in Bangladesh..Md Mahiuddin Khan, executive chairman of the NPA, and Shabbir Ahmed, managing director (current charge) of the bank,
Can we industrialize without destroying ourselves? Or will the future generation look back at our actions and ask, “Our ancestors built the economy but destroyed the land that fed it?”
The proposed Telecommunication Network & Licensing Regime Reform Policy 2025 includes several forward-thinking provisions but also contains critical ambiguities
The three-day blockade was called over the handover of the NCT to a foreign operator
