Business

Bangladesh Railway has planned to add an extra 162 passenger coaches to trains for the increased number of passengers during the Eid tips. Meanwhile, tickets for these carriages will be available online 12 hours before train departure. According to Bangladesh Railway, there will be 60 broad-gauge and 102 meter-gauge coaches among the additional coaches. In line with the decision of ...

The unemployment rate has unexpectedly risen to its highest level for two and a half years, official figures show. The rate climbed to 4.4% in the three months to April, the highest since September 2021. Despite the increase, wage growth remained strong, with earnings continuing to rise faster than prices. There was another increase in the inactivity rate, bringing it ...

The Asian Development Bank (ADB) and the government of Bangladesh today signed a $250 million loan agreement to further strengthen Bangladesh’s social protection system. Md. Shahriar Kader Siddiky, Secretary, Economic Relations Division (ERD), and Edimon Ginting, Country Director, ADB, signed the loan agreement on behalf of Bangladesh and ADB, respectively, at a ceremony at ERD in the capital Monday, BSS ...

Bangladesh Road Transport Corporation (BRTC) will operate “Eid special bus services” beginning June 13 to ensure a smooth and comfortable journey of Eid holidaymakers like the previous year. The selling of advance tickets commenced on Monday and will continue till June 18, according to a press release, UNB reports. Passengers can purchase advance tickets from various BRTC depots across Dhaka, ...

Banks have been asked to be kept open in the industry-related areas on a limited scale on June 14, 15, and 16 to facilitate the sale of export bills. Bangladesh Bank (BB) in a notification stated that on the occasion of Eid-ul-Azha, in order to facilitate payment of salaries and bonuses to the workers, employees and officials working in the ...

Finance Minister Abul Hassan Mahmood Ali today said that Bangladesh could overcome all the challenges of the LDC graduation if the right policies and strategies are put in place. “Our strengths lie in our hardworking people, vibrant entrepreneurs, the young generation and people friendly government under the leadership of Hon’ble Prime Minister Sheikh Hasina,” he said. The Finance Minister said ...

Tour Operators Association of Bangladesh (TOAB), the apex tourism association of the tourism sector, demanded withdrawal of the 15 per cent value added tax, imposed on the tourism sector in the budget for the fiscal year 2024-25. Mohammed Rafeuzzaman, president of TOAB, came up with the demand in a meeting with the President of Federation of Bangladesh Chamber of Commerce ...

India’s smartwatch shipments stagnated for the first time, rising marginally by 0.3 per cent (year-on-year) in the first quarter (Q1) of 2024, a new report said on Thursday. According to Counterpoint Research, the top three OEMs’ (original equipment manufacturers) combined market share dropped to 66 per cent in Q1 from 77 per cent a year ago. “The overall market, which ...

All kinds of ice creams are set to become costlier as the government is imposing 5 per cent more supplementary duty on ice cream. The total supplement duty on ice cream will be 10 per cent, instead of existing 5 per cent. This move aims to increase revenue collection and tax compliance in FY25. Finance Minister AH Mahmood Ali is ...

The prices of many products and services may be costlier or cheaper as Finance Minister Abul Hassan Mahmood Ali on Thursday proposed some changes to tariff on those in the 2024-25 national budget. Prices of commodities and services that are likely to increase –talk time in mobile phone and internet, tobacco, cigarretes, rolling paper, air conditioners, refrigerators, water filter, led ...