News

The country’s textile manufacturers on Monday expressed fears of suffering huge financial losses due to failure in maintaining export deadlines as production at more than 50 mills had remained almost suspended for a lack of gas supply.

Value-added tax collection from large-scale companies witnessed a 9.17-per cent growth in the July-March period of the current fiscal year 2020-2021 despite dismal economic activities amid the Covid-19 outbreak in the country.

The central bank also asked banks not to adjust the compensations with any other liabilities of the bank

Commerce Secretary Md Jafar Uddin had assured people on Saturday that during Ramadan, prices will be strictly monitored to keep the market in favour of the people

The government has formulated a draft `Made in Bangladesh – ICT Industry Strategy’ aimed at turning Bangladesh into a manufacturing hub, enhancing export of local products, attracting foreign investment and creating employment.

The National Board of Revenue (NBR) has withdrawn 5 percent Advance Tax on import of refined palm oil in a bid to control the price of edible oil in the local market.

Weavers of clothing items such as sari and panjabi may witness their sales nosedive in the upcoming Eid-ul-Fitr after most of their items aimed at Pahela Baishakh have remained unsold because of a surge in coronavirus infections and subsequent strict lockdown measures.

Operation of the Bangladesh Electronic Funds Transfer Network, the country’s first paperless electronic inter-bank funds transfer system, is yet to be restored after five days of suffering a technical glitch due to connectivity disruption.

Businesses on Sunday demanded a set of benefits, including reduction and waiver of income tax and value-added tax rates, in the forthcoming national budget for the fiscal year 2021-2022.

‘No proposal from you (business community) is irrational’