Bangladesh Bank Lowers Cash Margin for Eco-Friendly Car Imports
The Bangladesh Bank reduced the cash margin required for getting letters of credit (LCs) for eco-friendly automobile imports, taking effect […]
Economy
NBR Plans to Increase VAT on restaurants, hotels, clothing
The National Board of Revenue (NBR) wants to increase the value-added tax (VAT) on eateries from 5% to 7.5%. The
VAT Raised on Key Goods in Bangladesh: Consumers to Face Higher Prices
In Bangladesh, the authorities are set to raise the VAT to 15% from 5% for goods such as restaurant meals, sweets,
Bangladesh’s Rice Production Expected to Fall in 2024-25, USDA Reports
According to the U.S. Department of Agriculture (USDA), rice production in the coming 2024-25 season in Bangladesh will be 3.66 crore
By 2039, Bangladesh’s GDP will Overtake Switzerland and Sweden
Bangladesh now ranks 37th out of 189 nations with a GDP of $434 billion. The London-based Centre for Economics and
Bangladesh’s Garment Industry: 6.23% Export Growth Despite Labour and Energy Issues
Bangladesh’s readymade garment (RMG) sector has shown resilience in 2024, with exports growing by 6.23% in the first 11 months
Bangladesh’s Foreign Reserves Hit $26.9 Billion: A Closer Look
Bangladesh’s foreign currency reserves have surged to $26.9 billion, marking a significant milestone for the country’s economy. This boost is
S Alam Group’s Loan Defaults Lead to Land Auction by Janata Bank
Janata Bank, a state-owned institution, has put up land belonging to S Alam Group’s company, S Alam Sugar Refinery Industry
Chattogram Port Breaks Container Handling Record
Chattogram Port, the busiest seaport in Bangladesh, is on track to set a new record in container handling by the
Bangladesh Bank Sets Tk123 Dollar Purchase Rate: A Move to Stabilize Exchange Rates
Banks in Bangladesh have decided not to purchase expatriate earnings in dollars at rates exceeding 123 taka. This decision comes