Business

The National Board of Revenue (NBR) has initiated the budget preparation process for the fiscal year 2024-25 (FY25) as it has sought budget proposals from different trade bodies, and other relevant stakeholders including professional organizations, research firms, intellectuals and taxpayers from all strata. The NBR has asked all the chambers and trade associations to send their budget proposals before the ...

The Post Office chairman has stepped down amid ongoing tensions around the Horizon IT scandal that saw hundreds of sub-postmasters wrongly convicted. The organisation said Henry Staunton had been asked to leave the post by Business Secretary Kemi Badenoch. She said the company was “rightfully” under heightened scrutiny as the public outcry over the scandal continues. “I felt there was ...

Businesses and entrepreneurs of the United Arab Emirates (UAE) are interested to invest in Bangladesh and thus hiring skilled manpower from the country. Mahbubul Alam, the president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), assured all kinds of support to the investors of UAE in this regard. Mahbubul Alam, president of the FBCCI, and Mohammad Ali ...

  Hundreds of thousands of UK expat pensioners are set to miss out on a key financial boost this year, warns the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech organisations. The warning from Nigel Green of deVere Group, which has more than 80,000 expat clients globally, comes as UK state pension ...

Bangladesh Bank (BB) has included the Chinese Yuan in the Real-Time Gross Settlement (RTGS) system. The Chinese currency will come into trade settlement on RTGS from February 4, as per a BB circular issued on Thursday. In September 2022, BB started automated clearing operations in five foreign currencies (US Dollar, Pound Sterling, Euro, Japanese Yen and Canadian Dollar). Following this, ...

Uber, the ridesharing app, has announced the appointment of Nasheed Ferdous Kamal as the Country Head for Uber Bangladesh. Nasheed is a seasoned leader with over 18 years of experience in marketing, product and pricing strategy, new business development, customer lifecycle management, revenue and base growth, said the company on Wednesday, reports UNB. Before joining Uber, Nasheed was the General ...

Bangladesh Competition Commission (BCC) has fined two leading poultry farms – Diamond Egg Ltd and CP Bangladesh – Tk 3.5crore for artificially increasing the prices of eggs through alleged manipulation of prices. The judgment of the two case was published on Wednesday. Earlier, the BCC gave a final order in this regard on Monday last. The copy of the order ...

Bjarke Mikkelsen has stepped down from his role as the chief executive officer (CEO) of Daraz group, citing personal reasons, the e-commerce group said in a notice on its website today. James Dong, who is also the CEO of Lazada Group, will take over the role of Daraz’s chief executive in addition to his existing responsibilities. Daraz and Lazada are ...

Coca-Cola, one of the country’s leading beverage companies, has announced Ju-un Nahar Choudhury as the new Managing Director of Coca-Cola Bangladesh Limited. She is the first Bangladeshi to take on the role of Managing Director for this fortune 500 company. In this role,Choudhurywill work closely with bottling and business partners, customers and other external stakeholders in the country, reports UNB. ...

Garment shipment to the USA, the single largest export destination of Bangladesh, almost doubled in the last five years thanks to the tariff war between the United States of America and China and the presence of competitive prices of the locally made apparels. After having two strong years in 2021 and 2022, apparel export to the USA fell 8.68 percent ...