Powdered milk imports are spiralling on the back of increased demand from a section of consumers on health concerns related to locally produced liquid milk and higher use by
Read More »First big US offshore wind project hits snag
Trump administration infighting is holding up approval of the first major US offshore wind energy project, with agencies sparring over whether the proposal does enough to protect the fishing industry, according to interviews and agency documents.
Read More »‘Market is big enough for growth’
As public transport in Bangladesh is not adequate, there is scope for the ridesharing services to grow further, Quazi Zulquarnain, lead, Uber Bangladesh, tells Dhaka Tribune in an interview with Ahmed Shawki
Read More »One-third of NBFIs in dire straits
Imprudent lending, regulatory lapses blamed Financial health of at least one-third of Non-Bank Financial Institutions (NBFIs) is alarming, thanks largely to Bangladesh Bank’s oversight failure, lack of management accountability and regulatory actions.
Read More »IDCOL seeks $166m loan to make textile sector energy efficient
The Infrastructure Development Company Limited is one of the two local direct access accredited entities empowered to handle GCF money
Read More »5% tax at source for up to Tk5 lakh in savings tools, says Mustafa Kamal
The 10% tax at source provision included in the budget would remain unchanged for investment exceeding Tk5 lakh The government will deduct only 5% tax at source on interest income from the savings instruments up to Tk5 lakh with effect from July 1, Finance Minister AHM Mustafa Kamal said on …
Read More »Experts for speeding up project work
Experts on Monday said that although the country’s economy is expanding with a steady GDP growth rate of 8.1 percent, it fails to ensure full implementation of the budget as the project works are often delayed resulting in rise in expenditure.
Read More »BIFC losses mount as no progress in loan recovery
Losses of struggling Bangladesh Industrial Finance Company keep mounting with the non-bank financial institution making no progress in recovering its non-performing loans, especially those from the largest defaulter, Major (retd) Abdul Mannan.
Read More »Pharma ingredient makers demand more tax benefits
Bangladesh API and Intermediaries Manufacturers Association has demanded more tax benefits in line with a cabinet decision and the National Active Pharmaceutical Ingredients (API) and Laboratory Reagents Production and Export Policy for the sector.
Read More »Stocks gain for 3rd day on MPS hopes
Dhaka stocks increased for the third day on Monday as investors continued buying shares amid expectations that the monetary policy statement (MPS) to be declared by Bangladesh Bank tomorrow would be capital market friendly.
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