Current News

The weighted average lending rate of 18 banks dropped below 7% in April

The dual rules regulating the bitumen sector are taking a heavy toll of tax on the local producers and granting tax waiver and other privileges to the importers — creating an uneven competition in the market.

Speakers stressed on Sunday the need for quick vaccination to develop people’s immunity; otherwise the country’s export may face a setback.

Stocks opened marginally lower on Monday as the shaky investors continued to book profit on quick-gaining stocks.

Only 14 per cent of the annual development programme (ADP) of the proposed budget was directly youth-focused, a SANEM study revealed on Sunday.

The central bank yesterday drew up a detailed guideline on post-import financing (PIF) to end the misuse of loans extended to pay for imported goods and bring discipline in the foreign exchange regime in the banking industry.

Speakers at a virtual discussion on Wednesday put utmost importance on signing a comprehensive bilateral Free Trade Agreement (FTA) with China as it would have a positive impact on Bangladesh’s exports to Chinese market.

The stock market opened sharply higher on Thursday with the key index of the major bourse crossing the 6,100-mark thanks to increased investor participation.

Bangladesh Garment Manufacturers and Exporters’ Association (BGMEA) President Faruque Hassan has urged the Commerce Ministry to ease export procedures for the RMG industry so that the sector could address current challenges and move ahead.

The reconditioned car importers sought 45 per cent depreciation in duty for import of reconditioned cars and withdrawal of supplementary duty on import of widely used microbuses.