Business-Economy

Savings certificate rules relaxed, no tax return submission needed

Staff Correspondent: The government may lift the requirement to submit proof of income tax return filing when purchasing savings certificates. Currently, the purchase of savings certificates worth over Tk 500,000

BIDA chairman announces $800m investment in Laldia container terminal

Staff Correspondent: Bangladesh Investment Development Authority (BIDA) Executive Chairman Chowdhury Ashik Mahmud Bin Harun on Thursday announced that an $800 million investment will be made centering existing container terminal at

From next FY, parliament takes control of tax exemptions, capped at 5 years

Staff Correspondent: Starting from the next fiscal year, the National Board of Revenue (NBR) and the finance ministry will no longer have the authority to grant exemptions on tax, VAT,

Bangladesh’s PMI drops 8.8 points in April

Staff Correspondent: Bangladesh’s overall Purchasing Managers’ Index (PMI) score in April saw a decrease of 8.8 points from March to reach 52.9. Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka,

Govt to reduce gas for power supply, divert it to meet industrial crisis

Staff Correspondent: The government is eyeing reducing gas supply for power generation and diverting it to overcome the existing industrial gas crisis. In addition, from May to August, four additional

GED projects gradual economic recovery for Bangladesh

TDS Desk: The General Economics Division (GED) of the Planning Commission has projected a gradual economic recovery for Bangladesh, buoyed by favorable trends in exports, remittances, a stable exchange rate,