Business-Economy

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

How some banks mobilised record deposits despite low industry growth

Staff Correspondent: When the country’s banking sector experienced its lowest deposit growth in recent history, some private commercial banks excelled, setting records in deposit mobilisation even through the economic crisis

BKMEA seeks outstanding Tk7,000cr cash assistance before Eid

Staff Correspondent: The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) has requested the Finance Division to release Tk7,000 crore in outstanding cash assistance for exports before Eid-ul-Fitr. BKMEA President Mohammad