Business-Economy

BUILD proposes flat 10pc VAT rate

Staff Correspondent: Business Initiative Leading Development (BUILD) – a private sector think tank – has proposed setting a flat value-added tax (VAT) rate at 10%, suggesting that it could help

Credit access drives rural transformation in Bangladesh: Study

Staff Correspondent: A new study published in Nature Portfolio highlights that increased access to credit significantly promotes rural transformation in Bangladesh by enhancing agricultural production and non-farm employment opportunities. The

Next budget to see cuts in tax waiver: NBR Chairman

Staff Correspondent: NBR chairman Md Abdur Rahman Khan on Wednesday announced that next national budget may witness a significant cut in tax exemption system. “This time (in budget for 2025-26

‘Efforts underway to further reduce essential goods prices’

Staff correspondent: Finance Adviser Dr. Salehuddin Ahmed said that the prices of essential goods have not increased compared to the previous year. Speaking about the impact on consumers, he acknowledged,

Govt to procure one cargo LNG from spot market

Staff Correspondent: The government today approved a proposal in principle for procuring one cargo LNG from the spot market to meet the emergency need for gas. The approval came from

Cash reserve ratio lowered to 3pc for slow deposit growth

Staff Correspondent: The Bangladesh Bank has reduced the cash reserve ratio (CRR) to 3%, effective from on Wednesday in response to slowing deposit growth. Deposit growth in Bangladesh’s banking sector