nbr vat

NBR says Installing Electronic Fiscal Devices behind increased VAT collection

The installation of Electronic Fiscal Devices or EFD machines in business establishments is reaping its benefits, said the National Board of Revenue (NBR). The businesses which used to pay Tk5,000-6,000 per month... Read more »
inflation bangladesh

November Inflation in Bangladesh Shows Marginal Downturn to 9.49%

In November, the overall point-to-point inflation rate in the country exhibited a marginal decline to 9.49 percent, attributed primarily to decreases in both food and non-food inflation. The monthly Consumer Price Index... Read more »

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export import bangladesh

Challenges in November Offset Overall Growth in Bangladesh’s Export Sector

Export earnings for the current fiscal year (FY24) from July to November reached $22,232.28 million, marking a 1.30 percent growth compared to the same period last year, according to the latest data... Read more »
remittance

Bangladesh Receives $1.93 Billion in November Remittances, Eases Dollar Crisis

In the farewell month of November, Bangladesh received remittances totaling $1.93 billion, equivalent to 193 crore dollars in local currency (approximately 21,181 crore 75 lakh taka at the exchange rate of 109.75... Read more »
BGMEA

BGMEA Joins Hands with Simon Project for Comprehensive Health Data Collection in RMG Sector

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has expressed its endorsement for the Simon Project, an initiative led by the Simon Institute in London, UK, and jointly funded by Associated British... Read more »
IMO Council

Bangladesh’s Debut Victory in IMO Council Signals Maritime Leadership 2023

Bangladesh has emerged victorious in the International Maritime Organization (IMO) council election 2023 in category C, securing 128 votes out of the 175-member council. This marks the first time Bangladesh has won... Read more »
dollar trade bangladesh

Dollar Slides as Traders Bet on Fed Rate Cuts Amid Inflation Battle

The US dollar continued its decline on Wednesday as traders increased bets on the Federal Reserve cutting interest rates in the coming year, fueled by optimistic statements from officials regarding the battle... Read more »
bangladesh agriculure secretary

Agriculture Secretary Outlines Vision for Bangladesh’s Agro Export Growth

Agriculture Secretary Wahida Akter announced plans to establish an international laboratory in Bangladesh to issue accredited certificates, supporting the roadmap for exporting agricultural products. The country is also developing a world-class packaging... Read more »
Tipu Munshi

Tipu Munshi Highlights Awami League’s Focus on Commodity Price Control in Election Manifesto.

Commerce Minister Tipu Munshi underscored the pivotal role of controlling commodity prices, emphasizing its special importance in the upcoming general election as a key aspect of the Awami League’s manifesto. While addressing... Read more »
FBCCI

FBCCI Urges Govt to Extend Income Tax Return Deadline Amidst Implementation Challenges

In a letter signed by FBCCI president Mahbubul Alam, the trade body emphasized that taxpayers faced challenges due to the recent implementation of the new Income Tax Act-2023. The complexities introduced by... Read more »