Current News

Gas distribution companies asked the National Board of Revenue to return Tk 1559.48 crore which was realised as additional tax at source on gas bills from fiscal years 2015-16 to 2021-22. The companies said that the NBR realised the tax on gas bills instead of the companies’ distribution margins, making …

Concreting of the inner containment dome of the reactor building has started at the unit- 2 of the Rooppur Nuclear Power Plant (RNPP). According to a message received on Saturday, the work is being carried out by the TrestRosSEM, a branch of the Rosatom Engineering Division. “The final stage of …

The government has lined up a roughly Tk 50 crore project aimed at developing and expanding the production of muslin fabrics in the country. Under the project, styled “Bangladesh’s Golden Tradition Muslin Yarn Making Technology and Recovery of Muslin Fabrics (Phase-2)”, a training centre will be set up at the …

Bangladesh’s payment ecosystem is poised to leapfrog to become a very large substantial payment market within the South Asia and Asia Pacific region in the next few years, said Vikas Varma, chief operating officer for South Asia at Mastercard. “The signs of economic growth and prosperity, especially in urban areas, …

Oil prices have dropped by a quarter since June and could fall further if a nuclear deal is reached with Iran as it would bring more crude to the market, yet inflation remains stubbornly high. Crude prices soared to $140 per barrel in early March after Moscow invaded Ukraine, raising …

The Chattogram seaport has became the 64th busiest port among the top 100 container ports across the world. The ranks have been detected in terms of annual container handling in 2021, according to Lloyd’s List, one of oldest shipping journals in the world. In 2020, the port held the 67th …

There has been a growing preference for using cash recycling machines (CRMs) in recent years since the introduction of the technology in Bangladesh in 2017. The machines that had been set up by financial institutions, to help clients deposit, withdraw and transfer money instantly almost doubled in the last financial …

Inward remittance has continued the rising trend in the current fiscal year starting from July 1, which may help overcome acute foreign exchange crisis in the country. Inward remittance grew 16.30 percent year-on-year to $1,171 million or Tk 111.24 billion (Tk 95 per US Dollar) in the first 16 days …

Prices of locally produced fruits experienced a sharp hike as the demand for imported fruits declined. This was caused by further imposition of regulatory duty, depreciation of the Taka against dollar, and 100% cash margin on letter of credit (LC) opening which led to hike in price by at least …

The government has resumed electricity generation from diesel-fired power plants to improve the power supply situation from next month. “We have already started generating electricity from diesel-fired plants. It will help boost power generation significantly,” State Minister for Power and Energy Nasrul Hamid said. He informed the power producers have …