Business-Economy

Double VAT on LNG may go as it bleeds Petrobangla, industries

Staff Correspondent: State-owned Petrobangla had to cough up Tk1.13 crore in taxes for every one million cubic metres (mcm) of LNG it imported in FY24 – an exorbitant sum that

IMF believes BD economy on right track: Salehuddin Ahmed

Staff Correspondent: Bangladesh’s economy is stable and moving in the right direction, the International Monetary Fund (IMF) believes, said Salehuddin Ahmed, adviser to the Ministry of Finance. He, however, noted

Over 60 large borrowers seek loan restructuring amid mounting losses

Staff Correspondent: At least 60 institutions have applied to the Bangladesh Bank for loan restructuring, citing losses stemming from factors beyond their control. The applications concern defaulted loans ranging from

Bida summit aims to shore up investor confidence as FDI falls 20pc in Jul-Feb

Staff Correspondent: Recognizing the urgent need to reverse the decline in foreign direct investment (FDI) in recent years, the interim government has launched several initiatives, including a major investment summit

Govt plans Panchagarh EZ to drive RMG growth, economic expansion in North

Staff Correspondent: The government plans to establish the Panchagarh Economic Zone to foster the growth of textiles, readymade garments (RMG), and agro-processing industries, with the aim of attracting more foreign

US tariffs: Bida holds meeting with business leaders

Staff Correspondent: The Bangladesh Investment Development Authority (Bida) is holding a meeting with business leaders on Saturday (April 5) at its office in Dhaka regarding the tariffs US President Donald