hajj pilgrims

Diplomats say at least 550 pilgrims died during hajj, mostly Egyptians

Diplomats on Tuesday said at least 550 pilgrims died during the hajj, underscoring the gruelling nature of the pilgrimage which again unfolded in scorching temperatures this year. At least 323 of those... Read more »
bangladesh yen

Smart move. Bangladesh turns to loans in yen to ease repayment pressure

In a move to manage risks associated with rising interest rates and a volatile US dollar, the government has decided to take some loans from the development partners in Japanese yen instead... Read more »

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tesla musk

Tesla shareholders voting yes for Musk’s $56 bln pay package, CEO says on X

Tesla shareholders are voting to approve a $56 billion pay package for Elon Musk and to move the electric vehicle maker’s legal home to Texas, Musk said on social media platform X... Read more »
Moody’s Predicts Further Decline for Bangladesh’s Taka Amid Currency Policy Shift

Moody’s Predicts Further Decline for Bangladesh’s Taka Amid Currency Policy Shift

Bangladesh’s taka is expected to plunge further into record-low territory as the central bank loosens its control over the currency, according to Moody’s Ratings. Young Kim, an analyst at the rating firm... Read more »
Modi

Indian PM Narendra Modi Plans Bilateral Visit to Bangladesh

Indian Prime Minister Narendra Modi is set to visit Bangladesh later this month, marking his first bilateral trip following his re-election. Initially, Bangladeshi Prime Minister Sheikh Hasina was slated to visit India... Read more »
"ADB Commits $400 Million for Bangladesh's Climate Resilience"

ADB, Bangladesh Sign $250m Loan Agreement to Enhance Social Protection

The Asian Development Bank (ADB) and the government of Bangladesh have signed a $250 million loan agreement to bolster Bangladesh’s social protection system. Md. Shahriar Kader Siddiky, Secretary of the Economic Relations... Read more »
Sheikh Hasina

PM Sheikh Hasina Invites Sri Lankan Investment in Bangladesh Tourism

Prime Minister Sheikh Hasina today sought Sri Lankan investment in Bangladesh’s tourism sector, emphasizing mutual benefits for both nations. During a courtesy meeting with Sri Lankan President Ranil Wickremesinghe in New Delhi... Read more »
Shareholders to face taxes on loans taken from listed companies

Shareholders to face taxes on loans taken from listed companies

A new clause has been incorporated in the proposed Finance Bill, suggesting that loans taken from public limited companies by its shareholders be treated as dividends and subject to taxation. Some directors... Read more »
fbcci

FBCCI Urges Extension of Economic Zone Benefits

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called for an extension of existing facilities for economic zones for an additional five years. In the national budget presented on... Read more »
budget ict sector

Budget Proposes Tax-Free Status for 19 ICT Sectors in 2024-25

In the proposed budget for the fiscal year 2024-25, Finance Minister Abul Hasan Mahmood Ali announced tax exemptions for 19 sectors within the Information and Communication Technology (ICT) industry. This initiative aims... Read more »