National,Front Page
As the use of electric vehicles (EVs) is increasingly becoming popular in the country, the government plans to bring EVs under the tax net in the budget for the next fiscal, 2021-22."We're actively considering bringing electric vehicles (EVs) under the tax net in the budget for FY22 due to ...
Information Technology (IT) professionals will get jobs more easily in the country's IT-ITES companies as the government is going to introduce a pre-employment assessment portal by the current month.State Minister for ICT Zunaid Ahmed Palak is expected to inaugurate the portal which will be oper...
Around 100 reputed companies of Japan, such as automakers Suzuki Motor Corp. and Mitsubishi Corp., plan to invest about US$1 billion in the Japan Economic Zone (EZ) at Araihazar in Narayanganj district.The Araihazar industrial park, which is likely to be operational by 2022, seeks new investments fr...
Bank & Insurance,Front Page
The government has taken initiative to keep the prices of essential commodities stable ahead of Ramadan by allowing sufficient stock of the items usually on high demand.Import of essential commodities is expected to increase ahead of the month of Ramadan as Bangladesh Bank (BB) has asked the commerc...
National,Back Page
Aiming to check misuse of bond facilities, the customs authorities of the National Board of Revenue (NBR) have imposed a cap on the annual entitlement for duty-free import volume of raw materials under the home consumption of the bond facility.As per the fresh order, a bond licence holder will now b...
In a fresh move Bangladesh Bank has put an upper limit on dividends declared by banks and non-bank financial institutions (NBFIs) for maintaining better liquidity to offset the economic impacts of Covid-19.The central bank has decided to increase by 5.0 percentage points the maximum ceiling of divid...
Rural marginal people across the country are getting benefits under the expanded social safety net programme (SSNPs) through the G2P (Government to Person) system.The system was launched by Prime Minister Sheikh Hasina as a part of her government's plan to alleviate poverty.At present, some 88.5...
All ministries and divisions have started making preparation to celebrate Bangladesh's graduation to the developing country from the list of the Least Developed countries (LDCs) under the dynamic leadership of Prime Minister Sheikh Hasina.Bangladesh achieved outstanding scores in two consecutive...
Business people are likely to have a moratorium on payment of loan installments extended as Bangladesh Bank (BB) is actively thinking of doing so amid a slowdown in economic activities, for another wave of the Covid-19 pandemic.Business people are pursuing the central bank to extend the payment paus...
Bank & Insurance,Back Page
As per the government’s digitisation initiatives, bank accounts are also modernising with digital platforms that offer hassle-free services to rural people including farmers. In continuation, a good number of banks have recently started using modern software to provide better banking ser...
Country's clothing and textile sector has sought continuation of the government's policy support, including withdrawal of some taxes and duties for the next five financial years.The government support is sought to help the export earning industry recover from the Covid-19 fallout...
Freelancers of the country are finally going to receive 10 percent cash incentive against their earnings from exporting services.The decision was taken in a recent meeting of the finance ministry, sources said.Now what the freelancers have to do is to provide necessary documents supporting &nb...
Bangladesh Economic Zones Authority (BEZA) has so far received investment proposals worth around US$27.07 billion from local and foreign business entities, mainly as the result of various government steps to attract new investments.The proposed investments may create over 10 lakh job opportunities i...
The National Board of Revenue (NBR) has worked out five strategies to balance the revenue collection shortfall which stood at Tk 307.91 billion in July-December period of the current fiscal year 2020-21 (FY21).The 'Budget Management Panel' of the finance ministry took the decision in a meeti...
The country’s small, medium and other micro entrepreneurs are finally going to have loans for their businesses as the Bangladesh Bank has recently disbursed another loan amount worth Tk 100 crore. For Cottage, Micro, Small and Medium Enterprises (CMSMEs) that are facing financial hardship...
With an aim to boost agricultural and other processed food exports, the Export Promotion Bureau (EPB) has started issuing ‘Fit for Human Consumption’ certificate, which is also known as a health certificate, as per global standard.Welcoming the government move exporters said that this st...
Business
With the emergence of retail super-chains, grocery shopping in the country's urban area has gone under a radical change.During this transformation, department store chain market Shwapno emerged as a leader because it pursues the “best price with quality and value” motto for shoppers....
Discrimination is not unknown in Bangladesh when it comes to the inclusion of transgender people in society, especially in terms of employment opportunities.The situation, however, is changing steadily and the transgender community is slowly finding a place in mainstream employment.Private televisio...
With the industrial production steadily bouncing back, the overall import payments increased by 11.85 per cent or $528 million in December month-on-month last year. Import payments, a major indicator of a nation’s economic state, witnessed a 10.1per cent growth or $409million in No...
Bangladesh is the second most favourite Asian country in supplying global online workers, according to a report of the Asian Development Bank (ADB). "The top three Asian countries that provide online workers — India, Bangladesh, and Pakistan—comprise 52 percent of the global o...
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