Economy

The government, without fixing any timeframe, called on factory owners to pay monthly wage and festival allowance to workers properly before the Eid-ul-Azha holiday starts in phases. The call came after the 44th meeting of the Crisis Management Core Committee under the Ministry of Labour and Employment...

The earnings are 26.77% higher than the target of $5 billion set for the year, according to the Export Promotion Bureau (EPB) data released on Thursday Bangladesh's export earnings from services sector rose by 46.06% to $6.33 billion in the last fiscal year riding on higher...

The country’s leading medicine exporter Beximco Pharmaceuticals Limited has commenced export of a blood pressure drug, Nadolol, to the US market. Nadolol tablets (20mg, 40mg and 80mg) are the generic equivalent of Bristol-Myers Squibb’s Corgard tablets for treating hypertension and angina pectoris (chest pain). This is Beximco’s...

Germany is going to provide 200 million euros, or Tk 1,846.6 crore, to Bangladesh to implement a number of development projects, the Economic Relations Division (ERD) said in a statement. Of the fund, 172 million euros will be provided as economic cooperation and 28 million euros as...

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...

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...