Business-Economy

Forex reserves may hit $35b by end of fiscal year: BB governor

Staff Correspondent: Bangladesh Bank Governor Ahsan H Mansur expressed optimism that the country’s foreign exchange reserves will climb to between $34 billion and $35 billion by the end of the

Half of banks fall short as default loans mount

TDS Desk: The steady rise in non-performing loans has sharply eroded the financial health of Bangladesh’s banking sector, with half of the country’s domestic banks failing to maintain mandatory provisions

New microcredit bank in the offing, to operate on social business model

TDS Desk: The interim government has moved to institutionalise the “social business” model championed by Chief Adviser Muhammad Yunus, unveiling a draft ordinance to establish a specialised “Microcredit Bank”. Designed

NBR moves to shift VAT on LPG at import stage to cut tax evasion

Staff Correspondent: The National Board of Revenue (NBR) has moved to simplify the taxation process for Liquefied Petroleum Gas (LPG) by proposing a 10% Value Added Tax (VAT) levy at

Committee reviews Chevron proposal for gas exploration without tender

TDS Desk: The Energy and Mineral Resources Division has moved to re-examine an investment proposal submitted by Chevron Bangladesh Limited as part of efforts to expand domestic gas exploration. A

Govt eyes BDT 200 billion by issuing Islamic treasury bills

TDS Desk: Revenue income alone cannot fully cover operating and development spending of the country. This prompts government to borrow each year from domestic and foreign sources, with a large