Business-Economy

Govt set to scrap VAT hikes on mobile bills, medicines, restaurants

TDS Desk: The interim government has decided to return to the old duty regime for mobile bills, medicines and restaurants, and halt last week’s VAT hikes. Furthermore, new VAT hikes

Inflation rate to come down to 7% by June-July: BB governor

TDS Desk: Bangladesh Bank (BB) Governor Ahsan H Mansur has expressed his optimism that the inflation rate is expected to come down to seven percent by June-July of the current

VAT, SD hikes dampen sales, businesses in slump

TDS Desk: The hike, implemented in the middle of the fiscal year, has led to a significant surge in prices across various sectors. Fruits, vegetables, and other essential commodities have

Tk4,500cr pipeline planned to feed Bhola gas to energy-poor South

TDS Desk: Officials say the state-owned Gas Transmission Company Limited (GTCL) will construct the 205km pipeline. It is set for completion in 2029. Initially, it was planned as a shorter

Textile millers urge cenbank steps to clear $44m payment stuck in banks

TDS Desk: According to the Bangladesh Textile Mills Association (BTMA), the amount represents “Accepted/Matured” bills under 961 back-to-back letters of credit (LCs) opened with banks for export-oriented apparel factories in

Govt plans jobs for laid-off workers of 16 Beximco factories

TDS Desk: To facilitate this, the government will work in coordination with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the Bangladesh Export Processing Zones Authority (Bepza), and the Bangladesh