Textile millers seek central bank intervention over unpaid $35 million

Dhaka, June 13 -- Textile millers have sought the central bank's intervention to secure payments for raw materials supplied to apparel exporters under back-to-back letters of credit (LCs) opened by co... Read More

China, Bangladesh launch joint venture for 100MW solar power plant

Dhaka, June 13 -- A new 100 megawatt (MW) solar power plant will be built at Madarganj of Jamalpur district by December 2025 with an investment of US$170 million. A joint venture (JV) agreement betwe... Read More

Ready to cut 21pc costs on mobile usages if govt withdraws SD and surcharge: telecom operators

Dhaka, June 12 -- Telecom operators said on Wednesday that they could reduce mobile phone usage costs by 21 per cent if the government withdraws the current 20 per cent supplementary duty (SD) and 1.0... Read More

Ready to cut 21pc costs on mobile use if SD and surcharge withdrawn: Telecoms

Dhaka, June 12 -- Telecom operators said on Wednesday that they could reduce mobile phone usage costs by 21 per cent if the government withdraws the current 20 per cent supplementary duty (SD) and 1.0... Read More

Digital solutions important enabler to society: EU head of delegation

Dhaka, June 10 -- Digital solutions are an important enabler to empower youth and advance society, said Charles Whiteley, head of the EU Delegation to Dhaka, on Monday. He made the remark while inaug... Read More

Stocks open lower as budgetary measures fail to meet investors' expectations

Dhaka, June 9 -- The market opened lower on Sunday, the first session after unveiling the national budget, as investors were not happy with the budgetary measures on the capital market. Market operat... Read More

BSEC allows two IT companies to raise Tk 100 million

Dhaka, June 9 -- The capital market watchdog has allowed two small information technology companies to collect Tk 100 million by issuing common shares. Bangladesh Securities and Exchange Commission (... Read More

Bring 20 million urban population under tax net to spare poor from burden: Economist

Dhaka, June 8 -- Approximately 20 million urban people, representing the top 10 per cent or 13 million households, should be brought under direct income tax as their income accounts for 45 per cent of... Read More

eCAB expresses mixed reaction to proposed budget

Dhaka, June 7 -- The e-Commerce Association of Bangladesh (e-CAB) has expressed a mixed reaction to the proposed budget for the fiscal year 2024-25, noting the extension of the tax exemption period fo... Read More

Increased supplementary duty to burden telecom industry: AMTOB

Dhaka, June 6 -- The government's decision to increase an additional 5 per cent supplementary duty on mobile services, raising the total from 15 per cent to 20 per cent, will create further burden on ... Read More

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