Business
Japan keen to invest more in manufacturing sector in Bangladesh
Business —9 June, 2024 23:01
Japanese Ambassador to Bangladesh Iwama Kiminori has expressed his country's willingness to invest more in the manufacturing sector in Bangladesh. The envoy…
Over 22.73 lakh livestock surplus in country after fulfill Eid demand
Livestock officials and experts claimed that there is no shortage…
FBCCI raises spectre of 'crowding out'
The Federation of Bangladesh Chamber of Commerce and Industry…
Post budget reaction: ICAB warns of inflation risk linked to bank borrowing
The Institute of Chartered Accountants of Bangladesh (ICAB) on Saturday welcomed the proposed budget for the fiscal year 2024-25 for changing some rules of income tax. The ICAB said…
21 organisations receive National Productivity Award
A total of 21 organizations today received the "National Productivity and Quality Excellence Award-2022" for their significant contributions to the industrial sector through maintaining…
TOAB demands withdrawal of VAT in tourism sector
Tour Operators Association of Bangladesh (TOAB), the apex tourism association of the tourism sector, demanded withdrawal of the 15 percent value added tax, imposed on the tourism sector…
Finance Minister at post-budget briefing: 'Wait 6 months for measures to take effect against inflation'
Finance Minister Abul Hassan Mahmood Ali on Friday said the country must wait for 6 months to bring inflation under control. He said the government is doing everything to control inflation…
CPD sees ‘high ambition’ in budget to tame inflation
The Centre for Policy Dialogue (CPD) has termed the government's target to tame inflation within 6.5 percentage as 'highly ambitious' goal which marked nearly double digit in recent…
American Chamber expresses concern over turnover tax hike
American Chamber of Commerce in Bangladesh (AmCham) expressed concerns over the 15 percent standard rate for value added tax which will create negative impact on imported goods. In…
Budget FY25: Uncertainty surrounds VAT exemption for Metro Rail tickets
No decision has been made yet on extending the VAT exemption for Dhaka Metro Rail tickets, which is set to expire on June 30. Finance Minister Abul Hasan Mahmood Ali did not…
Corporate tax cut to 25% proposed
The government is all set to curtail corporate income tax by 2.5 percentage points in a bid to encourage compliance with a condition of promoting cashless transactions. Finance Minister…
Tax free income ceiling remains at Tk 3.5 lakh
The government has retained the tax-freeincome limit at Taka 3.5 lakh for individual taxpayers for the fiscal year(FY25). "I propose to keep the tax-free income thresholds of natural…
97.70 lakh Bangladeshi expatriates work in 176 countries
From 2009 to 2023, a total of 97,07,250 workers from Bangladesh, including 10,85,117 female workers, have been employed in 176 countries across the world. Finance Minister Abul Hasan…
Health sector sees a little uplift in the new budget proposals
Though he emphasised the government's commitment to bolstering the health sector, Finance Minister AH Mahmood Ali has slightly increased the allocation for the ailing healthcare system…
Budget FY25: GDP growth target set at 6.75%
Finance Minister AH Mahmood Ali on Thursday said it is expected that pursuing all the “prudent policy measures” will help achieve GDP growth of 6.75 percent in the…
Telecommunication law to be reformed
The government is set to introduce a new telecom law that aligns with technological advancements and promotes a business-friendly environment. “The draft, prepared by the Ministry…
Budget FY25 to allow legalisation of untaxed money with 15% tax
In the face of an adverse economic environment, Finance Minister Abul Hassan Mahmood Ali faces limited spending options for the upcoming budget. The dual challenges of a financial…