Business-Economy

Decline in rod sales threatens Tk7,50,000cr investment

TDS Desk: Sales of construction rods have plummeted by 70% in the past four months, posing a significant threat to investments worth Tk7,50,000 crore across 200 steel rerolling mills, according

NBR reduces customs duty, exempts regulatory duty, advance tax on air purifiers import

TDS Desk: The National Board of Revenue (NBR) Tuesday said the import cost of each air purifier will reduce to Taka 7,000 from Taka 1,500 depending on the type as

Tk1.77 lakh cr default loan cases settled with just 20pc recovery

TDS Desk: Bank officials say the key reasons for these loans being defaulted include indiscriminate loan disbursement in collusion with bank directors and related institutions, overvaluation of collateral, and the

Govt stops subsidized vegetable, onion sales

TDS Desk: Subsidised sales of vegetables, onions and potatoes ended last month, and the government would not resume the programme seeing it did not leave a noticeable impact on markets,

Govt plans highest rice imports in 7 yrs

TDS Desk: The interim government is planning to import seven lakh tonnes of rice, the highest in about seven years, to build its staple food reserves. The government initially planned

BFIU prepares to recover Tk15,000cr from seized accounts

TDS Desk: The Bangladesh Financial Intelligence Unit (BFIU) has taken steps to initiate legal proceedings to recover Tk15,000 crore allegedly accumulated through suspicious transactions and money laundering. Over 350 accounts,