Business

The government has set a revenue collection target of Tk 5,41,000 crore in the proposed national budget for 2024-2025 fiscal (FY25). Finance Minister Abul Hassan Mahmood Ali revealed this target while placing the national budget for FY25 at the Jatiya Sangsad on Thursday (June 6). “Given all these reforms and initiatives to augment revenue collection, a total of Tk. 5,41,000 ...

The government intends to half the source taxes on 20 essential commodities, including paddy, rice, wheat, potatoes, fish, and meat, in the national budget for fiscal year 2024-25, which will be unveiled Thursday (June 6). Finance Minister Abul Hassan Mahmood Ali will unveil the national budget at 3 pm. This is the 53rd budget in the country and the 25th ...

New banknotes featuring the portrait of King Charles III have now entered circulation, but it may be some time before they are commonly seen in wallets and purses. The new Bank of England notes will gradually replace those which are damaged, or will be issued when demand increases. The King is only the second monarch to appear on these notes, ...

Finance Minister Abul Hassan Mahmood Ali is set to unveil a proposed Taka 7,96,900 crore national budget for the next fiscal year (FY25) at Jatiya Sangsad (JS) on Thursday (June 6). He will announce the budget amid the growing challenges of containing inflation, maintaining a sound foreign currency reserve, a stable exchange rate and generating more revenues. This will be ...

Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. The wide-ranging fraudulent testing at Japan’s top automaker involved the use of inadequate or outdated data in collision tests, and incorrect testing of airbag inflation and rear-seat damage in crashes. Engine power tests were also ...

Pubali Bank PLC and UCB Fintech Company Ltd has signed an agreement for fund transfer facilities between Pubali Bank’s mobile banking apps (PI) and UCB Fintech’s (Upay Wallet), says a press release. Md Rabiul Alam, DGM and head of Alternative Delivery Channel (ADC) Division of Pubali Bank, and ATM Tahmiduzzaman, additional managing director and company secretary of UCB Fintech Company ...

After being closed for 20 days, import of onions from India started again through Hili land port in Dinajpur district on Tuesday. Traders have started importing Indian onions as the price of domestic onions increased in the country’s markets. Two trucks loaded with Indian onions entered Hili Port around 5 pm. Through this, the import process started. It was known ...

The government has fixed the prices of salted-rawhides of sacrificial animals for the upcoming Eid-ul-Azha, increasing the prices by Tk 5 per square foot compared to the prices of previous year. The prices of treated rawhides of sacrificial cows have been fixed at Tk 55 to Tk 60 per square foot (sqft) in the capital city and Tk 50 to ...

The Department of Tourism of Bhutan notified that it has revised its policy for Bangladeshi tourists. As per the new policy, Bangladeshi tourists will have to pay only USD15 as Sustainable Development Fees (SDF). The amount is equivalent to the fees levied on Indian tourists, said the Ministry of Foreign Affairs on Monday. Under the new policy, 15,000 Bangladeshi tourists ...

State-ownwed Trading Corporation of Bangladesh (TCB) started selling rice, lentil, sugar and soyabean oil among some one crore family cardholders across the country at subsidized rates on Sunday ahead of Eid-ul-Azha. State minister for commerce Ahasanul Islam Titu inaugurated the month-long sale operation at Sheikh Fazlul Haque Moni playground, Pallabi, in the capital at 9:30am. A cardholder can buy a ...