Business

Bangladesh must prioritise quality enhancement and compliance with international standards to maintain export competitiveness in the post-LDC period, said the national strategy paper on LDC graduation. The current economic model of Bangladesh, driven by export-oriented garments and a protected import-competing sector and based on low wages and minimal regulations, has reached its peak, it added. The next phase of structural ...

The Dhaka Stock Exchange (DSE), the country’s main capital market, indexes saw a downtrend in the first hour on Sunday. On the day, the trading record in the DSE showed shares and units of 2.92 crore were exchanged through 31893 transactions. In this time shares and mutual funds worth Tk 81.3 crore were traded. In this time, a total of ...

Bangladesh Jewellers Association (BAJUS) has announced a hike in gold prices, effective from Sunday, raising the cost of 22-carat gold to Tk 142,266 per bhori (11.664 grams). The new price marks an increase of Tk 2,823 per bhori from the previous rate of Tk 137,449, as per a press release issued by Masudur Rahman, Chairman of the BAJUS Pricing and ...

Bangladesh Jewellers Association (BAJUS) has announced to increase the price of 22-carat gold by Tk 1,994 per bhori as the price of pure gold has gone up in the local market. BAJUS announced the price hike on Thursday (November 21) through a media statement, and it will be effective from Friday (November 22). After the adjustment, the new price of ...

The Sultanate of Brunei has offered to export 12-18 LNG (liquefied natural gas) cargoes to Bangladesh under a long term contract of 10 years, with an option to extend the deal for a further five years. According to a document seen by UNB, the Brunei Energy Services and Trading (BEST) Sdn Bhd, sent the offer to Bangladesh state-owned Rupantarita Prakritik ...

The US aviation giant Boeing sent out its first redundancy notifications on Monday as part of a previously announced plan to cut its global workforce by 10 percent. Boeing intends to cut almost 2,200 jobs in the US state of Washington, which is home to many of its oldest factories, according to a statement released Monday. Companies in the United ...

The global credit rating agency Moody’s Ratings has downgraded Bangladesh’s long-term rating to B2 from B1. The rating outlook has been changed to “negative” from “stable” earlier due to mayhem in the financial sector and political risk in Bangladesh. A Moody’s rating is an opinion of the creditworthiness of an issuer or the credit quality of a specific obligation. Moody’s ...

The National Board of Revenue (NBR) has extended the income tax returns submission date to December 31, considering application of taxpayers. The NBR issued an order to this end on Sunday (November 17) extending the deadline by one month. In a statement, the NBR’s public relations division announced that the deadline extension came in response to requests from taxpayers across ...

The Anti-Corruption Commission (ACC) has summoned 13 top officials of Bangladesh Bank (BB) in investigation into the allegations of laundering thousands of crores of money by S Alam Group and its associates. A letter, signed by investigation officer deputy director Yasir Arafat, was sent to the central bank governor. The 13 officials have been asked to appear before the ACC ...

The National Board of Revenue has extended the time for filing income tax returns by one month. The NBR issued an order in this regard today (17 November) extending the deadline to 31 December 2024, which applies for both online e-returns and physical paper submissions. Submissions within the period will not face any penalties. As per the Income Tax Act, ...