Business-Economy

BD receives $2.97 bn in remittances in May

Staff Correspondent: Bangladesh received $2.97 billion in remittances in May, marking the second-highest monthly inflow in the country’s history, according to Bangladesh Bank data. The surge comes ahead of Eid-ul-Adha,

Intelligence agency warns of spice market volatility ahead of Eid

Staff Correspondent: An intelligence agency has warned of a volatile aromatic spices market ahead of the holy Eid-ul-Azha festival. The spice market is heating up though there is no shortage

Tax exemptions for key industries to go, sweeping tax hikes planned

Staff Correspondent: In a significant fiscal policy shift, the Bangladeshi government is set to withdraw numerous tax exemptions for key local industries in the upcoming national budget. These changes, anticipated

69pc overwhelmed by ‘excessive’ VAT on essentials

Staff Correspondent: About 69 percent of low-income people view the value-added tax (VAT) on essential items as excessive, according to a survey, with most seeing it as a significant financial

Agricultural credit recovery increases by 8pc in July-March

Staff Correspondent: The recovery of agricultural credits has increased by 8 per cent during the first nine months of the current fiscal year 2024-2025 (FY25) compared to the same period

News published about merger of 6 banks by July false: BB

Staff Correspondent: Bangladesh Bank has expressed regret over publishing incorrect information regarding the merger of six banks by July this year. Some newspapers recently published reports quoting BB Governor Ahsan