News

After witnessing a downward trend in the last session, stocks today rebounded in the Dhaka and Chittagong stock exchanges as investors remained active on sector-wise issues. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 26.48 points or 0.41% to settle at 6,544.83. Two other indices …

Experts at a webinar on Monday said that income tax, value added tax (VAT), and customs management system of the National Board of Revenue (NBR) need to be more taxpayer-friendly. Speedy completion of various automation activities of the NBR and better coordination among the three departments should be focused in …

The businesses experienced a buoyant sale during Durga Puja this year, compared to the last two years. This year’s Puja, the biggest festival for Hindus in the country, started with Mahashashthi on Sunday. Traders expressed their happiness with last-minute crowd sales in the various markets of the capital. They said …

Bangladesh has sought $6.15 billion in loan support from the World Bank to implement a total of 54 projects in the next three years. A formal proposal has been put forward to the Washington-based lending agency to obtain the required loans from the lender’s soft loan window International Development Agency …

Soaring inflation descended to 9.1 per cent in September from a decade-high 9.8 per cent in August by official count, under sobering impact of slowly improving global supply system. Planning Minister MA Mannan told the FE Wednesday that the August figure, 9.8 per cent, was the highest after the year …

The Bangladesh Garment Manufacturers and Exporters Association has requested the government to readjust the diesel price on the local market in line with the price fall of the item on the international market. The BGMEA on Monday sent a letter to prime minister Sheikh Hasina saying that the demand for …

Deposits in poor’s bank accounts declined by 18.61 per cent in the second quarter ended in June 2022 compared with that in the same period of the past year. The hard-core poor’s deposits in bank accounts stood at Tk 201.37 crore at the end of June 2022 against Tk 238.84 …

The government today extended the reduced 5 per cent value-added tax on edible oil for another three months to continue the relief for consumers from the indirect tax burden. The extension up to December 31 comes after the benefit expired on September 30, according to a notification by the finance …

The government today reduced the palm oil (super) price by Tk 8 per litre and raised the sugar price by Tk 6 per kg. The new price will come into effect soon as refiners will publish a circular to this effect by tomorrow, Senior Commerce Secretary Tapan Kanti Ghosh told …

The world must cut greenhouse gas emissions by at least a quarter before the end of this decade to achieve carbon neutrality by 2050. Progress needed toward such a major shift will inevitably impose short-term economic costs, though these are dwarfed by the innumerable long-term benefits of slowing climate change. …