Current News

bKash has given the country’s burgeoning freelancer community reason to cheer as they can now receive payments through the mobile financial service (MFS) provider within a few seconds. bKash has already signed a deal with Payoneer, an online payment gateway service provider that allows users to send or receive payments …

Deep cuts in yield rates send net sales of national savings certificates (NSCs) into negative territory in December, raising prospect for banks to wallow in deposit. The net negative sales of NSCs — designed as government borrowing tools — amounted to around Tk 4.36 billion in December 2021 against Tk …

Twenty-five banks are suffering from a collective default loan of Tk 974.4 crore after several non-bank financial institutions (NBFIs) failed to pay back funds despite maturity, in another sign of feeble state in the financial industry. The fragility of the NBFI sector came to the fore three to four years …

The Metropolitan Chamber of Commerce and Industry (MCCI) yesterday demanded the government reduce corporate tax in the national budget this year as well in order to bring the rate to a rational level. The government reduced corporate tax by 2.5 percentage points in each of the last two budgets, bringing …

Turnover at the Dhaka Stock Exchange (DSE) fell by about 20 per cent yesterday as investors adopted a wait-and-see approach even though major indices continued to move upward. Many investors think the market will drop again if profit-taking ensues and so, they opted for a wait-and-see approach, according to a …

The foreign investors’ chamber yesterday urged the revenue authority to formalise the adoption of mobile financial service (MFS) and agent banking as a mode of collection or payment in all tax laws. They called for consultation with the Bangladesh Bank to reduce transaction costs to encourage businesses to adopt MFS …

The government launched the Digital Business Identification (DBID) system for the e-commerce businesses in the country as all kinds of online business entities like websites, Facebook pages and apps from now on would have to take registration in such system. Commerce Minister Tipu Munshi formally inaugurated the DBID system at …

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said the government is working to keep the gas price within the tolerable level of people. “We’re watchful so that any rise in gas price doesn’t create public discontent,” he said while talking to reporters during a visit to …

Cotton production in Bangladesh has been low as farmers prefer other cash crops to the white fibre, completely missing out on at least a $3 billion domestic market. The country managed to produce only 1.77 lakh bales of cotton last year, which was insufficient to meet the demand of even …

Dhaka Chamber of Commerce and Industry president Rizwan Rahman on Sunday stressed formulating national way forward strategies for local and export market competitiveness, rational elimination of non-tariff barriers for ensuring a smooth LDC graduation status. He made the comments at a press conference on the current economic situation and the …