Debapriya Bhattacharya, who led the committee behind the White Paper on Bangladesh's economy, has said the interim government has increased value-added tax (VAT) "inconsiderately".  "We are astonished by how carelessly VAT has been raised," he said during

Toyota subsidiary Hino Motors has agreed to pay $1.6bn (£1.3bn) and plead guilty to deceiving US regulators about the amount of emissions produced by its diesel engines. The truck company will also be banned from exporting its diesel engines to the country for five years. It

“The future does belong to ICT.” BRAC Bank’s managing director and CEO, Selim RF Hussain, reaffirmed his belief in front of an audience of over 200 at the 9th BRAC Bank-The Daily Star ICT Awards 2024. BRAC Bank believes in integrity, innovation, and inclusiveness.

The interim government has decided to halt plans to increase VAT on mobile bills, medicines, and restaurants, according to Mohammad Belal Hossain, a member of the National Board of Revenue (NBR), and Barrister Md Badruzzaman Munshi, the organization’s Second Secretary. The

Jewellers have raised the price of 22 carat gold by Tk1,155 to Tk1.39 lakh per bhori (11.664 grams) due to a hike in the price of pure gold in the local market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the

A Dhaka court has ordered the freezing of 68 bank accounts and the seizure of 16 immovable properties owned by S Alam Group Chairman Md. Saiful Alam and his family. The Metropolitan Senior Special Judge, Md. Zakir Hossain Galib, issued the order on Tuesday (Jan 14) following a petition

Bangladesh signed a Memorandum of Understanding (MoU) with Pakistan today (January 14) for the import of rice. The agreement was signed between the Directorate General of Food, Bangladesh, and the Trading Corporation of Pakistan (TCP). Mr. Md. Abdul Khaleque, Director General of the

Electric car sales rose by 25 percent globally last year, surging in China but slowing in Europe, according to figures published Tuesday by the British consultancy Rho Motion. A record 17.1 million battery electric vehicles (excluding plug-in hybrids) were sold last year across the

A high-level business delegation of 30-member from Pakistan has arrived in Dhaka for a five-day visit starting January 11.  The delegation from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is visiting Bangladesh at the invitation of the Federation of

While country’s economy is on a path of improvement, the instability in the essential commodity market remains a major challenge for society. The unavailability and price hikes of essential goods are increasing the daily expenses of the general population. Due to high prices, many

The Japan International Cooperation Agency (JICA) has signed an agreement with Bangladesh’s Economic Relations Division (ERD), the Ministry of Environment, Forest, and Climate Change (MoEFCC), and the Bangladesh Forest Department (BFD) to implement a groundbreaking project aimed at

Bangladesh Bank governor Dr. Ahsan H. Mansur today (January 11) said that the government plans to hire international lawyers to recover laundered money.  He also said: "Commission will also be offered as an incentive for recovering large sums of money." Dr. Mansur

An increase in industrial gas prices will inevitably result in higher consumer prices, warned former FBCCI president Abdul Awal Mintoo.  He urged the government to address illegal gas connections and curb wastage as measures to control the rising fuel subsidy burden. BNP leader

Trade Adviser Sheikh Bashiruddin today (Jan 8) said Trading Corporation of Bangladesh (TCB) from now on will conduct its activities through 'Smart Family Card' instead of paper management. He made the remark during inaugration programme of TCB's Smart Family Card for the

Facing pressure from the International Monetary Fund (IMF), the interim government’s mid-fiscal year decision to raise VAT on 65 items—including medicine, powdered milk, biscuits, juice, fruits, soap, and sweets—has triggered widespread backlash from businesses. 

Turkish Trade Minister Omer Bolat, along with a large delegation of business representatives, will visit Bangladesh's capital Dhaka on Thursday to explore new cooperation opportunities and strengthen economic ties between the two countries. The visit will focus on potential

The government has decided to double gas prices for new connections in industries and captive power plants.  Entrepreneurs will now need to pay over twice the current rates for gas in new factories. A proposal has already been sent to the Bangladesh Energy Regulatory Commission

Managing directors (MDs) of five more banks have been sent on mandatory leave for banking reforms, following recommendations from the central bank. The banks affected are Exim Bank, Union Bank, Global Islami Bank, Social Islami Bank, and ICB Islami Bank. According to Bangladesh Bank

The BASIC Bank was collectively plundered by the Prime Minister's Office, Ministry of Finance, Bangladesh Bank, and its Board of Directors.  Sheikh Abdul Hye Bacchu, a favourite of the former Prime Minister's family and then-chairman of BASIC Bank, led this looting. At

World food commodity prices declined by 2.1 per cent in 2024 compared to the previous year, mainly due to falls in cereals and sugar, the FAO said on Friday. Last year, the UN Food and Agriculture Organ­isation’s price index for cereals dropped 13.3 compared to 2023 and its