Debapriya slams 'inconsiderate' VAT hike by interim govt
“We are astonished to see how inconsiderately the value-added tax was increased,”
Analysis | With turbulence ahead, Bangladesh has to tread lightly
Bangladesh's economic growth is projected to slow to 4.1% in FY25, its weakest since the pandemic, driven by political instability, inflation, and industrial disruptions, with recovery hinging on reforms and political stability
Treasury yields dip as banks boost investments
Interest rates on Treasury bills and bonds have fallen as banks intensify their investment in government securities, with rates decreasing by 10 to 29 basis points
Govt to review VAT rates on several essential goods amidst backlash
In response to widespread criticism, the government is revisiting recently imposed VAT increases on essential goods, with adjustments expected soon
WB forecasts grim outlook for Bangladesh as political turmoil dents economic momentum
Bangladesh's economic growth is forecasted to slow to 4.1% in FY25, the weakest pace since the pandemic, as political instability dampens investor confidence and industrial activity
NBR in a tight spot over VAT and duty hikes
National Board of Revenue (NBR) faces pressure as business groups threaten to halt operations and take to the streets unless the government rolls back the recent hikes in VAT and gas prices
VAT and duty hikes spike up prices of kitchen market commodities
A sweeping increase in VAT and supplementary duties, coupled with a proposed hike in gas prices, has led to significant inflation across various commodities and services
Govt to purchase rice from India, Pakistan, LNG from UAE
Petrobangla would purchase another one cargo LNG from M/S Vitol Asia Pte Ltd Singapore with around Taka 663.04 crore with per MMBtu LNG costing $13.82
Pressure prompts NBR to roll back tax hikes on medicine, mobile data and restaurants
The National Board of Revenue is poised to revise the Value Added Tax and Supplementary Duty rates on mobile phone talk time and internet, medicine and restaurants following public discontent over recent tax hikes
Fresh loan irregularities detected at Islami Bank: BB
Bangladesh Bank has identified new loan irregularities at Islami Bank Bangladesh, implicating its executive committee chairman, Abdul Jalil, in the violations
VAT on hotels and restaurants reverts to 5%, NBR to issue order today
National Board of Revenue (NBR) will issue an order on Thursday reducing the VAT for the hotel and restaurant sector back to 5%, as confirmed by a senior NBR official
Analysis | Interim govt eyes major economic gains in talks with China
China remains a critical partner for Bangladesh, serving as its largest trading and development partner
Investors’ apprehension grows as VAT and duties weigh on market confidence
Investors are increasingly pulling out of the stock market due to rising taxes and an uncertain economic climate, with fears of inflation and unproductive returns overshadowing potential growth
Govt raises interest rates on key savings certificates
Internal Resources Division has announced increased interest rates for five national savings schemes, effective from 1 January
ADP implementation dips amidst political tensions, records lowest in 5 years
The implementation of Annual Development Plan (ADP) has reached a five-year low, with just 18% completed in the first half of the fiscal year
US tops in remittance inflows to Bangladesh for 3 months: BB
The data shows that approximately US $1.4 billion in remittances came from the US during this period
CA asks authorities to bring all investment agencies under one umbrella
"We want the Korean EPZ to be the model for everyone in Bangladesh"
Latest News
- SSF denies allegations of sheltering crime accused in DG's residence
- Bangladeshi girls start World Cup with victory
- Rupa Huq criticises APPG report on Bangladesh as 'one-sided'
- BNP urges govt to revoke VAT-duty hike on over 100 products
- Govt vows zero tolerance against shrine attacks
- Debapriya slams 'inconsiderate' VAT hike by interim govt
Top News
- 1BNP urges govt to revoke VAT-duty hike on over 100 products
- 2SSF denies allegations of sheltering crime accused in DG's residence
- 3Bangladeshi girls start World Cup with victory
- 4Govt vows zero tolerance against shrine attacks
- 5ACC arrests former BFIU chief Masud Biswas
- 6Debapriya slams 'inconsiderate' VAT hike by interim govt