IsDB to give $241.3m for climate-resilient bridges
Extortion remains rampant, threatens business confidence
The National Board of Revenue (NBR) is set to propose zero import duties on an additional 100 goods in the upcoming national budget, aiming to boost bilateral trade with the United States and cushion higher tariffs on Bangladeshi products entering the American market.
Beijing condemned on Wednesday new US warnings on the use of AI chips by Chinese tech giant Huawei, vowing it would take steps against "bullying" efforts to restrict access to high-tech semiconductors and supply chains.
The protesting officials, under the banner of "the NBR Reform Unity Council," today announced a fresh five-day programme, demanding the immediate removal of the National Board of Revenue (NBR) chairman alongside the repeal of the new ordinance.
Companies importing goods into the United States from China are rushing to convert warehouses into facilities that are exempt from President Donald Trump's tariffs until they are ready to sell the merchandise.
Stocks gained in morning trade today, extending their positive run for the second consecutive day.
The Dhaka Chamber of Commerce and Industry (DCCI) today demanded an "investment-friendly atmosphere" to restore business confidence, citing concerns among entrepreneurs due to an unstable law and order situation.
The latest proposal by US President Donald Trump that foreign remittances sent from the US be taxed at 5 percent is a cause of major concern for Bangladesh. With Bangladesh as one of the leading recipients of international remittances, the country risks notable economic repercussions if ever such a proposal is implemented. During the first nine months of the 2024–25 financial year, remittances from the USA amounted to approximately $3.94 billion and accounted for more than 18 percent of the country's total remittance inflows. The amount highlights the significance of the Bangladeshi diaspora in the United States and their vital role in the national economy.
Only 0.1 percent of account holders have deposits of Tk 1 crore or more, and they collectively held almost 42 percent of the total deposits in the banking system in 2024.
