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Business

LNG projects to cost Bangladesh $50b: Report

Business —9 November, 2024 19:23

The development of new liquefied natural gas (LNG) power projects and import terminals could cost the Bangladesh economy an estimated US$50 billion, reveals…

LNG projects to cost Bangladesh $50b: Report

Onion import duties scrapped

In an effort to keep onion prices affordable, the National Board…

No liquidity crisis, Tk 5,585cr support provided to 7 banks

Bangladesh Bank has assured the public that there is no liquidity…

Govt approves bulk imports of rice, wheat, sugar, LNG, fertiliser

The Advisors Council Committee on Government Purchase (ACCGB) on Wednesday approved a number of proposals to procure rice, wheat, sugar, LNG, fertiliser to meet local demands and award…

NBR: No need for any hard copies in online tax submission

The National Board of Revenue on Tuesday said hard copies need not be submitted to VAT office after filing online returns, coefficient declarations,etc. The NBR said that it has been…

Govt inks €2.97m grant agreement with IOM

The Economic Relations Division (ERD) of the Ministry of Finance signed a grant agreement with the International Organization for Migration (IOM) worth €2,970,297. Md. Shahriar…

Capital gains tax over Tk 50 lakh set at 15%

The National Board of Revenue (NBR) on Monday reduced the tax rate to 15 percent on capital gains above Taka 50 lakh from selling shares of listed companies on the stock exchanges…

BSEC to form body to accelerate trade settlement cycle

The Bangladesh Securities and Exchange Commission (BSEC) has decided to form a committee to find a way out for speeding up trade settlement cycle. The commission took the decision…

BCC is haven for Awami-linked entrepreneurs

A Tk 1.59 billion project launched eight years ago by the Bangladesh Computer Council (BCC) has sparked controversy, with critics accusing the BCC of functioning as a rehabilitation…

TIB claims $12-15b laundered annually over 15 years

Bangladesh has lost US$12-15 billion annually due to money laundering during Awami League-led government, said Dr Iftekharuzzaman, executive director at Transparency International…

Bangladesh explores avenue to boost revenue collection

Bangladesh has significant potential for mobilising revenue collection, as highlighted by a recent official assessment on revenue buoyancy, a measure reflecting how tax revenues respond…

Diesel, kerosene prices cut by 50 paisa for November

The government has reduced the retail prices of diesel and kerosene by Tk 0.5 to Tk 105 per litre from Tk 105.5 for the month of November while the prices of octane and petrol were…

Rashidul new BASIS president, Sohel SVP

M Rashidul Hasan has become the new president and Mostafizur Rahman Sohel senior vice president of Bangladesh Association of Software and Information Services (BASIS).This development…

NBR upgrading system to international standards

The National Board of Revenue (NBR) has initiated steps towards data automation, aiming to implement an international-standard risk analysis system to better identify tax evaders. …

Govt approves LNG import, 4 other products

The government will import LNG, fertliser, soybean oil, sugar and chickpea to meet the local demands.Advisors Council Committee on Government Purchase (ACCGP) in a meeting, with Finance…

Stocks rebound after 4-day fall

Trading in the Dhaka Stock Exchange (DSE) rebounded on Tuesday, with all indexes closing higher as the prices of 312 companies rose after a four-day decline. The DSE saw increased…

Hasina-linked tycoons siphoned $17b from banks

Bangladesh Bank Governor Ahsan H Mansur has accused prominent business tycoons linked to the deposed Sheikh Hasina administration of colluding with the country’s military intelligence…