Business-Economy

Top earners face 30pc tax again as inequality rises

Staff Correspondent: After five years, the income tax rate for the highest bracket is likely to revert to 30 percent in the upcoming fiscal year as part of the government’s

Strong external sector bolsters economic recovery hopes: GED

Staff Correspondent: The Planning Commission’s General Economics Division (GED) expects an economic recovery bolstered by a favorable external sector with positive exports, remittance growth, and a stable exchange rate. “While

Payment of wages, festival allowances: Around 200 factories at risk of labour unrest before Eid

Staff Correspondent: Around 200 factories, including textile and readymade garments, in different industrial zones are at risk of labour unrest as, according to law-enforcement agencies, these units are unlikely to

Cooling likely to get costlier in FY25 budget

Staff Correspondent: In the next fiscal year’s budget, the prices of refrigerators and air conditioners (ACs) are expected to increase. The proposed budget includes plans to double the Value Added

Banks snapping up windfall from gaping interest spread

Staff Correspondent: Banks are bagging a windfall from gaping spread between lending and deposit interest rates that banking experts dub a violation of relevant guidelines and international best practices. On

Inflation eased in April for monetary, fiscal measures: Planning Commission report

Staff Correspondent: Inflation in Bangladesh declined in April, supported by a combination of tight monetary policy and targeted fiscal interventions, according to the “Economic Update and Outlook: May 2025” report