The cabinet on Thursday approved the proposed national budget for the fiscal year 2021-22. The budget was approved on Thursday, during a special meeting presided over by Prime Minister Sheikh Hasina, held at the cabinet room in the Jatiya Sangsad building, sources at the parliament

Google and Amazon have acquired Business Identification Number (BIN) from the National Board of Revenue last week to run their business in Bangladesh while ensuring value added tax (VAT) compliance. They will now pay a 15% VAT on revenue earned from the country. Google and Amazon

The US and China's top trade negotiators have held "candid, pragmatic" talks, in their first meeting under the Biden presidency. US Trade Representative Katherine Tai and Chinese Vice Premier Liu He held a virtual meeting on Thursday. Both sides said they discussed the

Bangladesh Jatri Kalyan Samity Secretary General Mozammel Hoque Chowdhury recently said that use of low-quality bitumen wastes a lot of public money and investment of vehicle owners. The common people of the country have to bear the burden of state expenditure, including the sufferings

A huge volume of money is being laundered through over-invoicing in the name of bitumen import. Analyzing the volume of bitumen import, quality and international market price, it was found that around Tk 14,000 crore has been laundered through over-invoicing in the name of bitumen

The price of the cement is going to be hiked in the local market in the face of raw material import adversities. The problems relating to shipping of the clinkers and other raw materials are responsible for the price hike, source said. Cost and freight of clinker at Chattogram port

Bangladesh Jewellers' Association (BAJUS) has decided to increase the price of gold in the domestic market again within two weeks by Tk 2,041.20 per bhori as the price of gold is increasing in the international market. The new rate will be effective from Sunday (May 23), says a

The restaurant owners on Saturday placed their demands including allowing restaurants to reopen following health guidelines or to serve maintaining 50 percent capacity. Imran Hasan, secretary general of the association, placed a written statement in this regard at a press briefing.

Finance Minister AHM Mustafa Kamal on Wednesday said that the provision for whitening undisclosed money would remain in the national budget for the next fiscal. He also said the government would continue this until the undisclosed money is legalized fully.  The Finance Minister

Low-quality bitumen is being imported and used frequently in road construction as the item does not face proper testing. It has been learnt that imported bitumen is entering the country without any certification and approval from Bangladesh Standards and Testing Institution (BSTI),

In a major development, a private firm or consortium will run the two new underground crude oil storage facilities planned in Odisha and Karnataka in a move that discards an earlier plan by the government to build these reserves through the public sector Indian Strategic Petroleum

Premier Cement Mills Ltd’s consolidated earnings per share (EPS) as well as net profit growth surged in third quarter (Q3) for January-March, 2021. The board of directors of the company in a virtual meeting on Saturday (May 8) approved the third quarter (Q3) un-audited financial

The European Parliament has ratified the post-Brexit EU-UK trade deal - a key move to ensure that tariff-and quota-free trade continues. The Trade and Co-operation Agreement (TCA) has been operating provisionally since January. MEPs voted in favour by 660 votes to 5, while 32

The European Parliament is expected to ratify the post-Brexit EU-UK trade deal, amid tensions including a French threat of reprisals against the UK. The Trade and Co-operation Agreement (TCA) has been operating provisionally since January and is expected to be ratified by MEPs later on

Bashundhara Group, the largest industrial conglomerate of the country, has got the ‘Intellectual Property Protection Award’. Bangladesh Copyright Office under the Ministry of Cultural Affairs has recognised the business group for registering highest intellectual property in

Low-quality bitumen is being imported into the country in absence of a proper monitoring system, causing a huge loss for the government. As low-quality bitumen has been used in building and repairing roads across the country, roads get dilapidated within a short period of time. The

Nagad, the digital financial arm of Bangladesh Post Office, has recently surpassed the 4 crore users’ landmark. Nagad, the fastest-growing mobile financial service of this kind in the world, has also gone past Tk 400 crore mark of the daily transaction in just two years of its

The entrepreneurs of Bangladesh are exposed to a hostile taxation system which is detrimental for expansion of local and foreign investments, said Apex Footwear Ltd Managing Director Syed Nasim Manzur. Investors are facing stepmother behaviour from the authorities concerned, he said,

Bashundhara City Shopping Mall, the country’s largest shopping centre and a concern of Bashundhara Group, will remain open on Tuesday (April 13). Habibur Rahman, general manager of Bashundhara City, said on Monday (April 11) that despite the weekly holiday (Tuesday), the mega

The Bangladesh Bank has rescheduled timings of transactions in commercial banks from 10:00am to 1:00pm for next two days. According to a circular issued by the central bank on Sunday, the public transactions will take place as per new schedule on Monday and Tuesday. However, the