Business-Economy

NBR cancels VAT hike for auto workshops

TDS Desk: The National Bureau of Revenue (NBR) on Monday announced it has cancelled the decision to hike VAT on auto workshops and motorbike repairing garages by 5% to 15%,

Bangladesh Bank to offer special loan rescheduling facility

TDS Desk: Bangladesh Bank is set to introduce a special loan rescheduling scheme for genuinely affected defaulters, providing extended repayment periods and interest waivers. For this, the central bank aims

Why Bangladesh’s RMG leans to imported yarn, fabrics despite local supply

TDS Desk: Industry insiders warn the growing reliance on imports could place local spinners at considerable risk. Recent data from the National Board of Revenue shows the scale of the

Teams to be sent abroad to identify laundered assets: Finance Adviser

TDS Desk: The government is going to send teams to Dubai and other countries to identify assets held abroad by Bangladeshi taxpayers and bring the money back to the country,

Islami Bank demonstrates resilience, gains customers’ trust

TDS Desk: Islami Bank Bangladesh PLC has showcased remarkable resilience, achieving a 5% growth in deposits year-on-year as of December 2024. Despite challenges in the banking sector, the bank has

Top borrowers Beximco, S Alam now top defaulters, posing threat to dozens of banks

TDS Desk: The country’s top two borrowers, Beximco and S Alam Group, have emerged as the top defaulters following the fall of the Sheikh Hasina-led government, leaving over a dozen