Real-Estate & Infrastructure

Although banks are registering increased deposits, tax collection from interest earnings of savers has slowed down significantly amid the fall of the interest rate. The National Board of Revenue (NBR) logged Tk 7,486 crore as withholding or advance income tax on interest earnings of savers in fiscal year 2020-21, according …

The Ministry of Commerce has accepted the proposal for issuing trade licenses for at least five years instead of a one-year renewal culture to improve the ease of doing business. The Business Initiative Leading Development (BUILD) came up with the proposal at its ninth Trade and Investment Working Committee (T&IWC) …

Export and import activities between Bangladesh, and India, Nepal, and Bhutan via Panchagarh’s Banglabandha land port will remain suspended for eleven days starting from today (September 30, 2022) for Durga Puja and Eid-e-Miladunnabi. The port will resume trade from October 10, reports our Thakurgaon correspondent quoting Abul Kalam Azad, in-charge …

The government extended the tenure of Hilsa export to India until October 5 next. The Commerce Ministry on Tuesday issued a circular in this regard. The tenure of the previous export order is scheduled to expire on September 30. Only seven traders who were allowed earlier for export of the …

The government yesterday placed more orders to buy fertiliser in order to augment the stock for the vital agricultural input to ensure smooth cultivation of crops in the coming seasons, particularly the boro when Bangladesh’s main rice crop is produced. In a virtual meeting, chaired by Finance Minister AHM Mustafa …

Country’s Leading private airlines US-Bangla Airlines received “Best Domestic Airline of the Year-2022” award for its consistent quality service in air transport sector. Besides, US-Bangla Airlines also received Silver Award in ‘Best Regional Airline’ and ‘Best On-time Flight Departure’ category and Bronze Award in ‘Best Economic Class Food’ category, reports …

National Board of Revenue (NBR) collected Tk 8,733 crore of revenue from value added tax (VAT) in August – showing a 20 percent year-on-year growth. NBR’s collected VAT revenue in August is Tk 519 crore more than the target. In this regard, NBR member (VAT) Moinul Khan said that government …

The National Board of Revenue has been struggling for years to meet its revenue targets. NBR officials said that the reasons were limited resource crisis including lack of skilled manpower and absence of cooperation with other stakeholders. Tax collection by the National Board of Revenue fell 8.59 per cent or …

Country Director of the Asian Development Bank (ADB) to Bangladesh Edimon Ginting noted that the overall trend of the country’s economy is ‘positive’. “The overall trend of the economy is still positive. But, if you can make the right policy, then you can make the economy stronger going forward,” he …

The government purchase committee yesterday gave the nod to two public agencies to buy a total of 90,000 tonnes of fertiliser from Qatar and Morocco under a state-to-state contract to augment the country’s fertiliser stock for growing food in coming seasons. Of the amount, the Bangladesh Agriculture Development Corporation (BADC) …