Business-Economy

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

BD targets global trade alignment with sweeping tariff changes

Staff Correspondent: As Bangladesh prepares to graduate from Least Developed Country (LDC) status in 2026, the government is planning significant structural reforms in the FY2025–26 budget. These reforms aim to

SMEs squeezed by rising costs, credit crunch, political chaos

Staff Correspondent: Bangladesh’s small and medium enterprises (SMEs) – the backbone of its industrial sector – are under mounting pressure as production slows, costs surge, and access to finance remains