Corporate

Effect of Floor Price Staff Correspondent : The capital market plays an important role in keeping the wheels of the economy moving in the developed world. But the opposite is the case in Bangladesh. Investors are losing money in the clutches of the manipulation cycle. Foreign investment has also halved.…

Staff Correspondent: Internet connection is playing a key role in the formation of digital Bangladesh through the use of information technology in various sectors of the country. Through this, it has become possible to integrate even remote rural areas and cities of the country as per the need. As a…

Staff Correspondent: In the 15 years from 2008 to 2023, Tk 92,261 crore have been lost from the banking sector through various financial irregularities.This information was given in a media briefing titled ‘Economy of Bangladesh 2023-24: Ongoing Crisis and Actions’ at CPD office in Dhanmondi on Saturday (December 23) morning.Fahmida…

Zarif Mahmud: The National Board of Revenue (NBR) has listed 480 establishments to pay maximum VAT at the national and district levels in the financial year 2021-22. The list is given to Bangladesh Bank for verifying the credit information of these institutions. A verification of the list showed that 427…

Staff Correspondent: About 84 percent of Bangladesh’s total export earnings come from the garment industry. However, the country’s apparel market is US-Europe centric. As a single country, the largest market for Bangladeshi garments is the United States. Entrepreneurs are leaning towards new or unconventional markets by reducing their dependence on…

Staff Correspondent: The government has taken the initiative of strict monitoring to control the abnormal price increase of onion. District administrators have been given the responsibility of market maintenance in the district. Also, the officers of Consumer Rights Protection Department will also be in the field. They will ensure sale…

Zarif Mahmud: One of the driving forces of public life is the skyrocketing price of electricity and gas. A large part of the country’s economy is controlled by these two affiliates. With this, the import of capital equipment is almost at a standstill due to the dollar crisis for a…

NBR investigation unvailed Staff Correspondent: Four mobile phone operators – Grameenphone, Robi, Banglalink and Airtel – have been given illegal VAT benefits of around Tk 153 crore by the collecting agency VAT LTU (Large Taxpayer Unit). Interest of Tk 152.80 crore was levied on the companies for failing to pay…

Staff Correspondent: Earlier there was no liability on foreign ‘back to back’ LCs for import of raw materials for the export sector. Due to not being able to pay the liabilities on time in this sector since the time of Corona, there is arrears. As of last June, the outstanding…

Impact of global political crisis Staff Correspondent: Other import including industrial raw materials are less, strictness in development projects, withdrawal of duty on consumer goods are the main reasons.The government has taken a policy decision to cut Tk 33,900 crore from the revenue target in the budget for the current…