Current News

The government has set revenue collection target at Tk 3.97 trillion for 2019-20 fiscal year to reduce dependency on foreign aid and grants. According to UNB, the new revenue target is about Tk 1.0 trillion higher than the current fiscal. The National Board of Revenue (NBR) has been tasked with …

The GDP growth rate and its corresponding data sources in Bangladesh remain largely inconsistent causing a “growth conundrum(Puzzle),” according to a research firm. The Dhaka-based South Asian Network on Economic Modeling (SANEM) said the country’s drivers of economy are export and remittances and both have been fluctuating in recent years, …

The central bank has decided in principle to exempt banks’ investments in non-listed companies from capital market exposure, a move that can give banks plenty of room for fresh investments in the stock market. The decision came at a meeting between the Bangladesh Bank, the Bangladesh Securities and Exchange Commission …

The Dhaka Stock Exchange is set to scrutinise the financial statement of Coppertech Industries after allegations surfaced that it had provided fake information to get approval for its initial public offering. The decision, which came yesterday in a board meeting at the DSE office, was taken in response to a …

Ramadan commodities have seen a retail price increase in Chattogram this year although their wholesale rates remained a bit lower compared to those in the previous year. Cheaper global prices of the commodities—edible oil, chickpeas, lentil, dun peas, sugar and dates—along with huge imports made in the last four months …

The bank’s board of directors asked for a written explanation of the source of his deposits National Credit and Commerce (NCC) Bank Limited board of directors has given the bank’s Managing Director Mosleh Uddin Ahmed seven days to explain the presence of Tk35cr in his bank accounts.

The apex trade body of the country has termed the Value Added Tax (VAT) and Supplementary Duty (SD) Act-2012, as it is in its present form after changes to it, still ‘not prepared’ and ‘much-lingered’ in respect of its re-evaluation. The comments of the Federation of Bangladesh Chambers of Commerce …

he government is set to fix the size of the development budget at Tk 202,721 crore for 2019-20, up 21.39 percent from the current fiscal year, as it looks to mobilise a higher amount of foreign aid piled up in the pipeline. As of November last year, the amount of …

Japanese telco SoftBank Corp said on Wednesday it would spend $4 billion to up its stake in Yahoo Japan Corp and turn the internet company into a subsidiary, a move that would help boost its profit by 24 percent this year. The telco said it would buy 456.5 billion yen …

Emirates has recently offered a “My Emirates Pass”, turning the boarding pass into an exclusive membership card facilitating discounts of up to 50 percent in over 500 outlets across the United Arab Emirates.