Business-Economy

RMG export totals $32.64b during July-April period

Staff Correspondent: Country’s RMG exports witnessed a healthy trend during the July-April period of the current fiscal year (FY25) totaling $32.64 billion, marking a significant 10 percent growth. According to

NBR plans advance tax on 200 duty-free imports

Food, fertilisers, raw materials: Staff Correspondent: In a move poised to disrupt supply chains and drive up costs, the National Board of Revenue (NBR) plans to impose a 2% Advance

BD received $735mn in remittances in May’s first 7 days

Staff Correspondent: Bangladesh received US $735 million in remittances in the first seven days of May, showing a 23.3 percent year-on-year growth compared to the same period last year. According

Gold price decreased by Tk1050 per bhori from Sunday

Staff Correspondent: Bangladesh Jewelers Association (Bajus) has reduced the price of gold by Tk1050 per bhori, to be effective from Sunday. According to the new price, the price of a

Govt’s 5,238MW grid-tied solar push faces tepid response from investors

Staff Correspondent: The government’s ambitious push to install 5,238 megawatts of grid-tied solar power at 55 sites across Bangladesh has hit a stumbling block. Despite repeated deadline extensions for tender

Private banks post record profits, big losses

Staff Correspondent: Twenty-two private banks have disclosed their profits and losses in 2024 so far, with several banks seeing record net profits and several other accounting big losses. Profits rose