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The flow of remittance to Bangladesh fell sharply in November as the country’s expatriates continue to prefer informal channels for sending their money. Expatriate Bangladeshis sent $1.55 billion in November, down 5.48 per cent from a month earlier and 25 per cent year-on-year, according to data from Bangladesh Bank. This …
Read More »Steps against money launderers to be made public soon
Finance Minister AHM Mustafa Kamal yesterday said the media would soon be informed about measures the government has taken against culprits who laundered money abroad in the past two to three years. The government is taking legal steps and the culprits are being punished through legal procedures, he told a …
Read More »Get ready for LDC graduation challenges
Prime Minister Sheikh Hasina yesterday asked the business community to take necessary preparations for the possible challenges they will face due to the graduation of Bangladesh to a developing country. “We may face many challenges here. But we’re always ready to face the challenges… We, the Awami League government, have …
Read More »Inflation rises to a 5 year high
According to the data, non-food inflation rocketed to 6.48% last month from 6.19% a month ago The rising prices of various commodities in the country, as well as in the international market, have begun to have an impact, especially on non-food products. The increase in the general inflation was driven …
Read More »NBR extends tax return submission deadline up to Dec 31
The National Board of Revenue (NBR) extended the deadline for submission of income tax returns by another one month up to December 31. The NBR has taken the decision following request from the various concerned stakeholders, said Sayed A Momen, Director, Public Relations of the Revenue Board while talking to …
Read More »Stocks open sharply higher after BB-BSEC meeting
Stocks opened sharply higher on Wednesday as the central bank and the securities regulator have agreed to work jointly on bourse-boosting measures. A high-voltage meeting on Tuesday between two regulators on the capital market agreed for resolving any complex issues through discussion for ensuring sustainable development of the country’s capital …
Read More »Omicron variant raises new fears for pandemic-hit world economy
Just as it was recovering from the body blow of the Covid-19 pandemic, the global economy has taken yet another hit from the Omicron variant of the virus, which has led to a raft of new travel restrictions. First reported to the World Health Organization in South Africa less than …
Read More »BB forms committee to probe unregistered financial institutions
The Bangladesh Bank (BB) authorities have formed a special committee to probe into the illegal financial transactions of unauthorised and unregistered financial institutions and as well as the microcredit financial institutions of the country. Kazi Sayedur Rahman, Deputy Governor of the Bangladesh Bank, has been made the Chairman of the …
Read More »NBR should focus on widening tax net: stakeholders
The National Board of Revenue should focus on adoption of automation systems and coordinating with other entities to widen the tax net at the root level to boost revenue generation and minimise the tax burden for regular taxpayers, said stakeholders. They made the remarks at an event arranged by the …
Read More »Business revival lifts credit growth to 13-month high
Private sector credit growth in Bangladesh accelerated to 9.44 per cent in October, the highest in 13 months as the economy is running in full swing, shaking off coronavirus fallout. The containment of the second wave of virus infections has largely encouraged businesses to go for expansion, bankers say. The …
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