Corporate

Industry Desk: Bangladesh’s total RMG exports has recorded a healthy year-over-year (Y0Y) growth of 9.09 percent for the July-April period of the current fiscal year (FY2022-23), according to the latest data released by the Export Promotion Bureau (EPB).The country’s total RMG export during this period reached US$38.57 billion, out of…

Staff Correspondent: Bangladesh’s Gross Domestic Product, or GDP, has grown by 6.03 percent in the ongoing 2022-23 fiscal year, according to State Minister for Planning Dr Shamsul Alam.The slower than forecast growth rate was shared by the state minister at a press conference following a meeting of the National Economic…

Staff Correspondent: Salman F Rahman, Prime Minister’s Private Industry and Investment Adviser, has said the Airbus aviation deal was signed to address the current shortage of aircraft of the state-owned Biman Bangladesh Airlines.“There are demands for more flights on the Dhaka-Sylhet-London route. Chattogram residents also want direct flights to London…

Staff Correspondent: The National Board of Revenue (NBR) is planning to appoint ‘agents’ to raise revenue. These agents will locate taxpayers with taxable income and TIN (Taxpayer Identification Number) in remote areas of the country. It will also encourage and assist them to submit their returns.In return a portion of…

Zarif Mahmud: The effect of falling value of rupee against the dollar is also falling in the budget. Additional allocation should be kept for payment of additional interest. This pressure has been created since the current financial year. This pressure will increase in the next financial year.The Ministry of Finance…

Mahfuz Emran: Export earnings and remittance flows, the two main sectors of foreign exchange earnings in the country, declined in April.Export earnings fell by 16.5 percent and remittances by nearly 17 percent. Reducing the income in these two sectors will increase the pressure on the foreign exchange management. At the…

Mahfuja Mukul: Tax exemptions in the current budget to bring back money laundered abroad have not yielded any results. In the 9 months (July-March) till last March, not a single person took that chance and not a single rupee returned home.In this situation, the National Board of Revenue (NBR) is…

Staff Correspondent: Rajdhani Unnayan Kartipaksha (RAJUK) and corruption have become synonymous. Rajuk has transformed into a profit-making and profitable organization, not a people-friendly one. It is rare for a common citizen to get services without bribery. For example, a bribe of Tk 50 thousand to Tk 2 crore has to…

If wants to fly again Mahfuja Mukul: Capital market listed United Airlines Limited wants to fly again. The airline’s operations have been suspended for nearly seven years due to management irregularities. That is why eight United Air planes have been stuck at Hazrat Shahjalal International Airport for a long time.…