National,Front Page
The government plans to double the waste rates in producing apparel products from raw materials.RMG exporters will get maximum 28 per cent waste benefits on all products in the production and export from yarn to fabric and fabric to finish items.Sources said the Ministry of Commerce is likely to iss...
National,Back Page
Many of the bank loan borrowers are facing trouble repaying instalments trying to overcome the negative impact on business amid the Covid-19 crisis.Reports say that the country’s banking sector is in dilemma over recovery of loans disbursed under the stimulus packages as the large borrowers, a...
As the liquidity position in the public accounts is maintaining a rising trend, the government has planned to keep suspended its bank borrowing through both treasury bills or T-bills and bonds until today (August 31).On August 24, Bangladesh Bank informed all the scheduled banks and non-banking fina...
Country's pharma sector is going to step into a new phase of drug manufacturing to produce Active Pharmaceutical Ingredients (APIs) to consolidate its position in the local and overseas medicine markets.Healthcare, Acme, UniHealth and Ibn Sina have already started setting up factories in Munshig...
The National Board of Revenue (NBR) has beefed up its monitoring to check dodging of Value Added Tax (VAT) after detecting evasion of a huge amount of VAT by some firms recently.Sources said the internal audit of the NBR's Large Taxpayers Unit for VAT (LTU-VAT) has taken steps to keep 64 large V...
The government is planning special support for specialised textile mills to ensure uninterrupted supply of raw materials to the country's readymade garment industry, and enhance its capacity as a backward linkage industry.Sources said the Export Promotion Bureau (EPB) has suggested providing spe...
As part of the government's plan to create employment and help small entrepreneurs, banks and non-bank financial institutions have disbursed soft loan of Tk 6,255.65 crore among 58,261 new entrepreneurs across the country amid Covid-19."At the end of March this year, more than Tk 6,255.65 c...
School banking is on the rise with the total deposits in such accounts reaching over Tk 2,030 crore in May this year, despite the Covid-19 pandemic that has hit life and livelihood hard in the country.School banking is teaching the children how to manage their money and funds effectively. This progr...
As multinational development partners released funds amid Covid-19 that affected the economy badly, Bangladesh received a record US$710 crore, equivalent to Tk 60,350 crore, in foreign loans and grants in the just-concluded fiscal year 2020-21 (FY21). Of the total Tk 60,350 crore, around Tk 57,...
Credit disbursed by micro-finance institutions (MFIs) and the number of microcredit beneficiaries has increased all over the country amid the Covid-19 pandemic.Disbursement of loans by registered microfinance institutions increased to Tk 1403.17 billion at the end of June 2019 from Tk 1201.91 billio...
Export performance of Bangladesh missions abroad is on the rise with 28 missions achieving the export target and 21 registering export growth in July-June period of the fiscal 2020-2021 (FY21) compared to the corresponding period of FY20. The well-performing 28 missions are Canberra, Kua...
Wealthy taxpayers will now have to file statements of their total assets and liabilities, including those of their spouses, minor children or dependents as there are increasing allegations that such taxpayers are hiding their actual assets while filing statements. "From now, the wealthy ta...
The National Board of Revenue (NBR) will soon issue Statutory Regulatory Order (SRO) offering tax holiday to the country's promising pharmaceutical sector for setting up raw materials producing factories and laboratories.Sources said such type of tax holiday is usually given for 10 to 20 years.&...
Aiming at achieving the government' US$51 billion export target amid the Covid-19 pandemic, the Export Promotion Bureau (EPB) has planned to join a number of international trade fairs in the current fiscal year (FY22).A partial fair list-2021-22 has already been approved in the 140th meeting of ...
Bangladesh Bank (BB) has changed its loan reporting format for Non-Bank Financial Institutions (NBFIs) allowing borrowers in the housing sector more time to repay their loan installments, while from now, non-payment of such installments for 18 months will not be considered a default.If the term of a...
Bank & Insurance,Front Page
Bangladesh Bank (BB) has instructed banks to start disbursing a stimulus package of Tk 1,000 crore from next week for the tourism and hospitality sector, one of the most financially promising areas of the country, battered by the spread of Covid-19 pandemic. The stimulus package announced by t...
The export of 'Made in Bangladesh' bicycles has maintained a steady rise over the last few years with shipments of the item increasing 58 percent in the just concluded fiscal 2020-21.Bangladesh exported bicycles worth US$130.89 million in FY21, up US$58.05 million from US$82.84 million...
The government plans to set up four more virtual desks in country's missions abroad with a view to attracting foreign direct investment (FDI) and linking connection between local and foreign IT companies.The ICT Division has already started working to set up the desks in Japan, South Korea, Mala...
Small and medium enterprises will now enjoy an interest subsidy at 5 percent for a period of maximum one year as the banks are instructed to disburse funds from stimulus packages to support the sector, hit hard by Covid-19.During the period, all borrowers from CMSMEs will pay interest rate at 4 perc...
Individual taxpayers will have an opportunity to file their tax returns for the current fiscal year (FY2020-21) online using software in their mobile phone set.The National Board of Revenue (NBR) plans to introduce this artificial intelligence (AI)-based system to facilitate such return submission, ...
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