Tax holiday creates 29,000 jobs in 46 years BUILD study reveals

The existing tax holiday facility is inadequate to attract investments and generate employment optimally, speakers said Sunday. They said restrictions on the sector selection, complex procedures, and mistrust between policymakers and investors are the major reasons...

Poverty declining at a slower pace

BBS report shows 1.2 pc annual drop in poverty in 2010-2016 compared to 1.7pc during 2005-2010 Poverty continues to decline but at a slower pace since 2010 though the country has recorded more than 6.5 percent economic growth annually during the period, according to...

Higher import payments strain forex reserves

The country’s foreign exchange reserves have come under pressure after higher external payments against import of oil and construction materials for mega projects. The reserves shrank on Wednesday after a routine payment to the Asian Clearing Union (ACU) against...

Exports fetch $3 billion in April

Exports grew 2.69 percent year-on-year to $3.03 billion in April riding mainly on the higher shipment of apparel items, official data showed yesterday. Last month’s receipts, however, fell short of the government’s monthly target of $3.08 billion by 1.52 percent. The...

Remittance inflow rises 10pc in Jul-Apr period

The flow of inward remittances grew by 10.01 per cent in the first 10 months of this fiscal year (FY) as the exchange rate of local currency maintained a depreciating mode against the US dollar. The Bangladeshi nationals working abroad sent home US$ 13.03 billion...

Foreign investors demand 5pc corporate tax cut

Foreign investors in Bangladesh yesterday demanded cuts in corporate tax at least 5 percentage points to attract foreign funds and create expansion opportunities for businesses. “We proposed reducing the corporate tax in phases so that the government’s revenue...

Trade gap crosses $10 billion in July-Feb

Country’s bilateral merchandise trade gap with the rest of the world crossed $10 billion mark in the first eight months of the current fiscal year (FY19), according to the latest statistics of the central bank. The merchandise trade deficit stood at $10.70 billion in...