Business

Banks’ loan recovery in the first quarter of 2019 was 9.68 percent higher than a year earlier, but given the extraordinary rate at which default loans are increasing it seems below par. Between January and March, banks recovered Tk 2,448 crore bad loans, according to data from...

বাজেট পাসের এক মাসের মাথায় সঞ্চয়পত্রে বিনিয়োগে পরিবর্তন এনেছে সরকার। এতে ক্ষুদ্র সঞ্চয়কারীদের কিছুটা ছাড় দেওয়া হয়েছে। সব ধরনের সঞ্চয়পত্রে যাদের পাঁচ লাখ টাকা পর্যন্ত বিনিয়োগ আছে, তাদের অর্জিত মুনাফায় কর দিতে হবে ৫ শতাংশ। এর বেশি সঞ্চয়পত্র থাকলে ১০ শতাংশ কর দিতে...

Bangladesh has made substantial progress in achieving price and macroeconomic stability. It has succeeded in maintaining inflation in modest single digits range, while also achieving high growth, due in a significant part to sound macroeconomic management. Until recently, monetary policy gained traction due to its operational autonomy...

China’s economy continued to weaken in July, bolstering the case for greater policy support to shore up growth as talks over the trade dispute with the US continue. The slowdown is seen in a Bloomberg Economics gauge aggregating the earliest available indicators on market sentiment and business...

Asia markets were mostly down Monday, with investors cautious ahead of US-China talks in Shanghai this week and amid more civil unrest in Hong Kong. Two-day discussions begin on Tuesday with a Washington delegation led by White House Trade Representative Robert Lighthizer. But analysts are pessimistic about a resolution to the...

A three-day apparel sourcing exhibition ‘Apparel Textile Sourcing Canada (ATSC)’ will begin at the International Centre in Toronto of Canada on August 19. “Like many other countries, Bangladeshi business entities will take part in the tradeshow for promoting Bangladeshi products in the Canadian market,” Export Promotion Bureau...

The central bank may set a 1.5 percentage points lower private sector credit growth target for the second half of the year amid the shrinking demand for credit. For instance, private sector credit growth hit a six-year low of 11.29 percent in June, according to data from...

চলতি মাস থেকে নতুন ভ্যাট আইন (মূল্য সংযোজন কর ও সম্পূরক শুল্ক আইন) বাস্তবায়ন হয়েছে। সব ধরণের পণ্য ও সেবায় ১৫ শতাংশের একক হার না রেখে বেশকিছু পণ্য ও সেবায় হ্রাসকৃত হারসহ কয়কটি ক্ষেত্রে ছাড় দেওয়া হয়েছে। তা সত্বেও নতুন করে কাঁচামাল আমদানিতে অগ্রিম কর (অগ্রিম ভ্যাটের...

Bangladesh garment exporters facing trouble in operations recently demanded a faster and efficient service from the customs houses of Dhaka, Chattogram and Benapole ports. There is a trust deficit regarding services between customs officials and bond facility users, said Rubana Huq, president of the Bangladesh Garment Manufacturers...

The European Union (EU)–Vietnam Free Trade Agreement (EVFTA) signed late last month includes commitments to implement International Labour Organization (ILO) core standards. Vietnam is now revising its Labour Code, which, if adopted, will represent major progress towards alignment with the ILO 1988 Declaration on Fundamental Principles and...