Category: Business

CPD Calls for Raising Tax-Free Income Limit to Tk 4 Lakh to Ease Inflation Burden

March 16, 2025

The Centre for Policy Dialogue (CPD) has urged the government to raise the tax-free income limit to Tk 4 lakh in the upcoming fiscal year’s budget, citing rising inflation and increasing financial strain on taxpayers. At a discussion today, at its office in Dhaka’s Dhanmondi, the think tank presented its recommendations for the national budget […]

Bangladesh Bank Forms New Departments to Tackle Money Laundering and Terrorism Financing

March 14, 2025

Bangladesh Bank has established four new departments aimed at preventing money laundering and terrorist financing. The central bank issued a circular today announcing the formation of the Money Laundering and Terrorist Financing Prevention Department, Bank Inspection Department-9, Inspection Compliance Department, and the Islamic Banking Regulations and Policy Department. Previously, the Bangladesh Financial Intelligence Unit (BFIU) […]

High Court: Beximco Group to Manage Its Own Affairs; Receiver Not Needed

March 12, 2025

The High Court (HC) today ruled that the appointment of a receiver to oversee Beximco Group is no longer necessary, allowing the conglomerate to resume independent management of its affairs. However, the court upheld the functions performed by the receiver, appointed by Bangladesh Bank on November 10 last year, saying they were legally justified. The […]

Portrait of Syed Manzur Elahi, chairman of Apex Group and a pioneer in Bangladesh’s footwear industry.

Apex Group Founder Syed Manzur Elahi Passes Away at 79

March 12, 2025

Syed Manzur Elahi, a towering figure in Bangladesh’s business landscape and chairman of Apex Group, has passed away at the age of 79. He breathed his last at 9:31 am local time in Singapore (7:31 am Bangladesh time) today while undergoing medical treatment. His son, Syed Nasim Manzur, confirmed the news. The family is currently […]

Business

Bangladesh’s Exports to SAARC Countries Just 4.47% of Total Trade

March 12, 2025

The South Asian Association for Regional Cooperation (SAARC) remains the least connected regional alliance in the world, with intra-SAARC trade accounting for just 5% of total trade among its member states, according to a recent report by Bangladesh Bank. Despite efforts to strengthen cross-border trade, political complexities and trade barriers continue to hinder economic integration […]

Bangladesh’s Forex Reserves Drop Below $20 Billion After ACU Payment

March 9, 2025

Bangladesh’s foreign exchange reserves fell below $20 billion today, down from $21.39 billion, after the country paid $1.75 billion in regional import bills through the Asian Clearing Union (ACU). The ACU, a payment settlement system for nine member countries, requires Bangladesh to clear import bills every two months. This recurring payment cycle temporarily reduces the […]

Business

Bangladesh’s Foreign Exchange Reserves Rise to $21.40 Billion

March 9, 2025

Bangladesh’s foreign exchange reserves have increased, driven by export earnings and remittances from Bangladeshis working overseas. As of March 6, the country’s reserves stand at $21.40 billion, up from $20.90 billion recorded on February 27, according to the latest data from Bangladesh Bank. Bangladesh Bank’s report highlights two key reserve figures based on different accounting […]

Trump Once Again Casts Doubt on His Commitment to NATO

March 7, 2025

WASHINGTON, 7 March 2025 (BSS/AFP) – President Donald Trump has once again raised doubts over the United States’ commitment to NATO, stating on Thursday that countries failing to invest adequately in their militaries do not deserve to be defended. “If they don’t pay, I’m not going to defend them,” Trump told reporters in the Oval […]

Tech Giants Criticise YouTube Exemption from Australian Teen Social Media Ban

March 5, 2025

SYDNEY, March 5, 2025 (BSS/AFP) – Australia’s decision to exempt YouTube from its pioneering ban on under-16s using social media has been described as “illogical” and a “mockery” by major tech companies, including Meta and TikTok, on Wednesday. Prime Minister Anthony Albanese introduced landmark legislation last year, aiming to prohibit social media use by children […]

Finance Adviser Salehuddin Ahmed speaks about Bangladesh economy

Decline in New Jobs Causing Some Hardship, But Economy Stable: Finance Adviser

March 5, 2025

Despite disruptions in business and a decline in trade, Bangladesh’s economy remains stable and is not on the brink of disaster, Finance Adviser Salehuddin Ahmed said today (March 5). Speaking to the media after two advisory council committee meetings at the Secretariat, Salehuddin said that while people’s earnings have been affected, the interim government has […]

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Category: Business

CPD Calls for Raising Tax-Free Income Limit to Tk 4 Lakh to Ease Inflation Burden

Bangladesh Bank Forms New Departments to Tackle Money Laundering and Terrorism Financing

High Court: Beximco Group to Manage Its Own Affairs; Receiver Not Needed

Apex Group Founder Syed Manzur Elahi Passes Away at 79

Bangladesh’s Exports to SAARC Countries Just 4.47% of Total Trade

Bangladesh’s Forex Reserves Drop Below $20 Billion After ACU Payment

Bangladesh’s Foreign Exchange Reserves Rise to $21.40 Billion

Trump Once Again Casts Doubt on His Commitment to NATO

Tech Giants Criticise YouTube Exemption from Australian Teen Social Media Ban

Decline in New Jobs Causing Some Hardship, But Economy Stable: Finance Adviser

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Messi’s Argentina Farewell Leaves a Nation in Tears

Lionel Messi Bids Emotional Farewell Ahead of Final International Appearance

Skyrocketing LPG Cylinder Prices Trigger Severe Distress in Feni

Smriti Mandhana Appointed Captain Following Harmanpreet Kaur’s Resignation

Ten-Year Sentence Issued for Double Murder in Manikganj

Indian High Commissioner Meets Army Chief in New Delhi Over Bangladesh

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