Bangladesh

Farhad Chowdhury: The overall export earnings of the ready-made garment sector increased by 2.86 percent in the first 11 months of the current financial year, but the revenue in non-traditional markets increased by 6.47 percent. Relatively good growth in non-traditional markets is seen as positive by exporters and economists.According to…

Weak baggage rule main cause Zarif Mahmud: Those concerned say that gold smuggling has become a tactic by taking advantage of baggage rules. As the days go by, the tactics of gold smuggling have also changed.Ali Akbar, Rafiqul Islam and Md. Rubel landed at Hazrat Shahjalal International Airport from Dubai…

Staff Correspondent: Before the flood in Sylhet region is over, there is fear of heavy flood again across the country. Due to climate change and global warming, and monsoon activity during the normal monsoon period, the flood situation in the country could turn ‘catastrophic’ due to heavy rains.Flood forecasters have…

Staff Correspondent: The Jatiya Sangsad (JS) yesterday passed the Tk 7,97,000 crore national budget for FY25 with a prime focus on maintaining economic stability and augmenting steps to materialise the government’s “Smart Bangladesh” vision.Despite the global volatile condition and adversities, the budget for the next fiscal eyed a 6.75 percent…

Corrupt officials worried Honest are uncomfortable Staff Correspondent: There is panic among the corrupt officials and employees of various government departments as the information of large amount of illegal wealth of several officials including former IGP Benazir Ahmed and National Board of Revenue officer Matiur Rahman has come to light.Apart…

Mahfuz Emran: Bangladesh received $22.168 billion of remittances last year, which is the second highest in the country’s history. Last year, remittance flows to the country increased by more than three percent. However, the cost of expatriates to send this remittance has increased a lot. Especially in the last quarter…

Indian debt in Railways Farhad Chowdhury: The 57 km railway from Parbatipur in Dinajpur to Kaunia in Rangpur is to be laid with Indian loan. The six-year project expires in 2023. The project has not started yet. Feasibility testing is still going on. It is supposed to end next December.…

Enayet Karim: Foreign workers took more than three times the amount of remittance flow sent by expatriates to the country in foreign currency for salary. In the 24 years from 2000 to 2023, the remittance flow of expatriates increased 11 times. At the same time, the tendency of foreign workers…

Staff Correspondent: A few years of high growth in global remittance flows will slow down in 2023. Global remittance flows have increased nominally during this period. This has had an impact on remittance receiving countries. Remittance growth was negative in many countries. In 2023, remittance flows to Bangladesh increased by…

Staff Correspondent: The money bill has passed yesterday, reducing the income tax rate for the rich. The environment surcharge on company cars for the wealthy is waived to ‘justify’ the tax. Also, the National Board of Revenue (NBR) will not audit the tax file if the return shows 15 percent…