Business-Economy

Low imports, low confidence, low growth: Is Bangladesh in a slow-burning crisis?

Staff Correspondent: When Bangladesh’s annual imports plummet by $10 billion, the economic fallout extends far beyond that figure. Experts and business leaders warn that the true cost could be double,

Online tax return submission to be mandatory from next FY

Staff Correspondent: Starting from the fiscal year 2025-26, individual taxpayers in Bangladesh will no longer be allowed to submit income tax returns manually, as online submission is set to become

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