Business

The austerity in public spending will continue in the next fiscal year’s Annual Development Programme (ADP) in a bid to ease the escalating tension over economic uncertainty. The Planning Commission is likely to resort to priority-based ADP fund release in FY 2023-24 like the current fiscal year, the commission suggested. No unnecessary new projects will be picked up while special ...

Bangladesh Bank has started releasing new taka notes for exchange from Sunday, on the occasion of Eid-ul-Fitr, at specific branches of scheduled banks. The central bank in a notification said that until April 17 (except weekends and public holidays), these notes will be available through certain branches of banks in the Dhaka region and through the offices of Bangladesh Bank, ...

Some traders started their business by making makeshift shops on south side footpath of Bangabazar and under the flyover as it would need two or three days to clear the debris there. More than 500 traders were seen started selling their products, which they able to save from the devastating fire, on Saturday morning. Workers are busy to remove the ...

The massive fire at Bangabazar Market was finally doused on Friday morning, more than 75 hours after it broke out early Tuesday. The fire was doused around 9:30am, according to the media cell of the Fire Service and Civil Defence. The fire originated around 6:10am Tuesday at Adarsha Market of Bangabazar Shopping Complex, burning several thousand shops to ashes. Forty-eight ...

Bangladesh Railway has started selling advance train tickets today to ensure hassle-free journey for Eid-ul-Fitr holidaymakers Holidaymakers will be able to purchase their tickets online and through mobile apps. According to the state-run organisation’s Eid-centric work plan, online ticket sale will begin today while the sale of advance return tickets will start from April 15. Passengers can buy tickets ten ...

The government has reduced the price of sugar by Taka 3 per kg. As per the fresh price, the refined loose sugar will be sold at Taka 104 per kg while the packaged sugar will be sold at Taka 109 per KG. The new price will be made effective from April 8. The Ministry of Commerce issued a notification today ...

No private universities will be paid income tax for now, as per Appellate Division of the Supreme Court verdict. An eight-member HC bench, led by Chief Justice Hasan Foez Siddique, pronounced the judgement on Thursday dismissing the review petition. On June 28, 2007, National Board of Revenue (NBR) issued a gazette notification, imposing the 15 per cent income tax on ...

British billionaire Sir Richard Branson’s rocket company Virgin Orbit has filed for bankruptcy in the US after failing to secure new investment. The satellite launch company halted operations weeks ago but it hopes to find a buyer for the business. The company, based in California, announced last week that it would cut 85% of its 750-strong workforce. Earlier this year, ...

Inflation in Bangladesh rose to 9.33 per cent in March, which was 8.78 per cent in the previous month of February, said Planning Minister MA Mannan on Tuesday (April 4, 2023). Presenting the Bangladesh Bureau of Statistics (BBS) data on inflation, MA Mannan stated it to journalists after a meeting of the Executive Committee of the National Economic Council (ECNEC) ...

Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling up to 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide. Higher oil prices would help fill Russian President Vladimir Putin’s coffers as his country wages war on Ukraine and force Americans and others to pay ...