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The Dhaka Chamber of Commerce & Industry (DCCI) yesterday urged the government to cut the corporate tax rate by 2.5 percentage points in the next fiscal year to align it with the regional average rate. “If the government cuts the corporate tax rate, it will boost local and foreign investment,” …

Every industry, instead of just the garment sector, should be allowed to import fire safety equipment at reduced rates to safeguard workers’ rights and broaden Bangladesh’s image abroad, said entrepreneurs at a meeting yesterday. High duties often make it impossible for small and medium entrepreneurs to avail adequate protection measures, …

Agriculture Minister Dr M Abdur Razzaque said the government is formulating roadmap for quick increasing of rice production considering annual demand of the staple food. “The government is formulating roadmap for increasing huge rice production within 1-2 years,”he said. The minister said this while exchanging views with the journalists following …

Stocks ended almost flat in the outgoing week, as cautious investors opted to book profit after some companies reported lower-than-expected quarterly earnings. The week featured five trading days as usual — the first two days saw massive drop while the market pared the losses in the last three sessions. Week …

The government revenue earnings from the Dhaka Stock Exchange grew by 20.82 per cent in January compared with that in December of the ongoing fiscal year. In January, tax revenue was Tk 39.69 crore against December’s Tk 32.85 crore. In January of the ongoing fiscal year, tax revenue from the …

Bangladesh’s digital education ventures, especially pivoted by EdTech startups, are expanding fast in the emerging new normal with foreign fund infusions, sources say. A phenomenal development is taking place in this vital sector in the interregnum emanating from long closure of regular classes amid the lingering global pandemic, they add. …

The Bangladesh Bank should raise the private sector credit target and review other major goals by conducting the mid-term review of the monetary policy statement for 2021-22, said analysts. They also urged the central bank to withdraw the lending cap and depreciate the taka further against the US dollar in …

Bangladesh has disbursed 59 per cent of the total credit support unveiled by the government to protect businesses, the economy and the poor since the coronavirus pandemic hit the country more than one-and-a-half years ago. The government was swift in its response when it came to introducing stimulus packages after …

Farmers are expanding cultivation of hybrid rice to reap benefits of higher yield than inbred varieties and profit from sale of the staple food. And overall cultivation of hybrid rice during the Boro season hit at 12.11 lakh hectares of land in the fiscal year 2020-21, the highest on record. …

Finance Minister AHM Mustafa Kamal said Bangladesh made unprecedented development in the last 10 years, especially in the fields of agriculture, industry, trade and services. He thanked the International Fund for Agricultural Development (IFAD) for its support to develop the rural economy including agriculture, rural infrastructure, climate change issue and …