Business & Economy
NBR exempts tax on income from universal pension scheme
Business Report :The National Board of Revenue (NBR) has exempted tax on incomes to be earned under the Universal Pension Scheme. Besides, it has also...
Trade deficit shrinks sharply as imports dip
Business Report :Bangladesh’s trade deficit in the first quarter of the current 2023-24 fiscal year (July 2023-June 2024) dipped by 76 per cent year-on-year to...
NRB Bank gets BSEC nod to raise Tk100cr thru IPO
Business Desk :NRB Bank Ltd, a fourth-generation private sector commercial bank, has received approval from the Bangladesh Securities and Exchange Commission (BSEC) to raise Tk100...
IMF and Jordan reach agreement on $1.2 bn loan program
AFP, Washington :The International Monetary Fund said Thursday it had reached agreement with Jordan on a new four-year loan program worth around $1.2 billion to...
Walton receives ‘National Export Trophy’
Business Desk :Country’s capital market listed electronics company Walton has received ‘National Export Trophy’ in recognition of its outstanding contribution to the export of electrical...
BB unveils 4,400c refinancing schemes for small borrowers
Business Desk :Small borrowers will now be eligible for credit guarantee facilities under two new refinancing schemes of Bangladesh Bank (BB).The refinancing schemes, totalling Tk4,400...
Global fashion brands to raise purchase prices for BD-made clothes
Reuters :Global fashion retailers including H&M and Gap are committed to raising purchase prices for Bangladesh-made clothing to help factories there offset higher workers’ wages,...
Power Grid Company suffers Tk 626 crore loss in FY23
Business Desk :The Power Grid Company of Bangladesh Ltd incurred a massive Tk 626.48 crore loss in the financial year ended June 30.The state-run power...
RMG exports to US drop by 23.33pc in 9 months of 2023
Business Desk :Bangladesh’s readymade garment (RMG) exports to the United States in January-September of the ongoing calendar year declined by 23.33% to $5.78 billion, against...
Meghna Cement’s profit falls 72pc in FY23
Business Desk :Meghna Cement Mills – a concern of the Bashundhara Group – experienced a 72% decrease in profit and a 57% decline in revenue...
