The National Board of Revenue (NBR) announced on Monday that it will reduce the import VAT on all types of edible oil to 5% and remove the other taxes until March 31, aiming to ease inflationary pressures during Ramadan. Ramadan is expected to begin in March next year. In a

Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency's price rise by more than 50% since Donald Trump's victory in the 5 November election. The world's largest cryptocurrency briefly passed $106,000 (£83,890), before falling back

Pakistan has expressed its interest in importing medicine from Bangladesh. Pakistan High Commissioner to Bangladesh Syed Ahmed Maroof conveyed the message during his meeting with Health Adviser Nurjahan Begum at her office on Sunday (Dec 15). Highlighting Bangladesh’s

The Bangladesh Jewelers' Association (BAJUS) has announced a decrease in gold prices, with the new rates set to take effect from Sunday (Dec 15). As per the announcement on Saturday (Dec 14), the price of 22-carat gold has been reduced by Tk 1,773 per bhori (11.664 grams), bringing

Switzerland has decided to withdraw the Most Favoured Nation (MFN) status granted to India, a move that will have significant tax implications for Indian companies operating in the European nation. This decision comes after an adverse ruling from the Indian Supreme Court regarding a

Oil supply is set to outpace global demand next year even as Opec+ members extended cuts in efforts to prop up prices, the International Energy Agency (IEA) said today. Eight members of the alliance, including Saudi Arabia and Russia, agreed earlier this month to maintain supply cuts

The government has approved separate proposals for purchasing refined fuel oil, crude oil, and a shipment of LNG (liquefied natural gas). The decision was made during the 16th meeting of this year’s Advisers Council Committee on Government Purchase (ACCGP), held at the Cabinet

Some private banks in the country are grappling with severe liquidity crises. Despite receiving financial support from the Bangladesh bank (BB), they remain unable to resolve their challenges, leaving them unable to fulfill customer cash withdrawal demands.  Over the past few

Finance Adviser Dr. Salehuddin Ahmed has called on everyone to fulfill their tax and VAT obligations to contribute to the nation’s development and benefit from government services.  Underscoring the importance of compliance in revenue collection, he also said that

China has launched an antitrust investigation into chip giant Nvidia in what appears to be Beijing’s latest act of retaliation against Washington’s sanctions on Chinese tech companies. Chinese state media said on Monday that the California-based chipmaker was being

The Bangladesh Bureau of Statistics (BBS) is launching the country’s fourth Economic Census from December 10 to 26, aiming to provide an updated understanding of the structural changes in the economy.  The census will utilize digital tools, marking the first fully paperless

A legal dispute has emerged involving allegations that forged non-judicial stamps were used to prepare documents for the transfer of a majority of shares in Transcom Limited, which were subsequently submitted to the Registrar of Joint Stock Companies and Firms (RJSC). Reports submitted by

Take Trip Limited marked its first anniversary on Thursday (December 5). In its short journey, the company has emerged as a significant online travel agency (OTA) in Bangladesh, serving over 4,500 B2B clients. Take Trip Limited remains committed to delivering top-notch service to

The price of Bitcoin has for the first time broken past the $100,000 mark, hitting a new record high. The value of the world's biggest cryptocurrency has been boosted by hopes US President-elect Donald Trump will adopt crypto-friendly policies. The milestone was reached hours

Bashundhara Toiletries has supported a ‘sales carnival’ programme of marketing department at Dhaka University to share practical knowledge among the students. DU treasurer Jahangir Alam Chowdhury inaugurated the two-day carnival on Wednesday marking the golden jubilee

The rupee depreciated 13 paise to close at an all-time low of 84.73 (provisional) against the US dollar on Monday, on disappointing macroeconomic data and broad strength of the American currency in the overseas markets.  Forex traders said Asian currencies were down after Trump

The nation’s business sector is grappling with mounting challenges, characterized by widespread anxiety, fear, and uncertainty. Foreign stakeholders remain wary of the country’s safety, spurred by travel advisories tied to a deteriorating law-and-order situation.

Energy giant Chevron has planned to invest in new gas exploration activities in Bangladesh in an effort to boost the country's energy security, senior officials of the US-based company said on Tuesday. Chevron officials said they were happy that the Interim Government has started

Jewellers have reduced gold prices by Tk1,481, bringing the cost of one bhori (11.664 grams) to Tk1,37,227 in the local market. This drop comes following a decrease in tariffs on pure gold. The Bangladesh Jeweller’s Association (BAJUS) Standing Committee on Pricing and Price

Toggi Shipping and Logistics Limited (TSLL), a business wing of Bashundhara Group, has been awarded as the highest revenue contributor to Mongla Port, one of Bangladesh’s major seaports. In the fiscal year 2023-2024, TSLL managed approximately 50 mother vessels at Mongla Port,