Fri, 16 May 2025, 03:48 am
Economy

Traditional tax source poses financial risks

A mid-term macroeconomic policy report released by the Finance Division has raised serious concerns over the country’s heavy dependence on Value Added Tax (VAT) as a principal source of revenue,

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Gross forex reserve drops to $24.17b

The gross international reserve of Bangladesh, according to the guideline of the International Monetary Fund, stood at $24.17 billion on Monday while the Bangladesh Bank’s conventional value of the foreign

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With higher spice prices, consumers feeling the pinch this Eid-ul-Azha

Prices of almost all spices have doubled in a year, and consumers are particularly feeling the pinch ahead of Eid-ul-Azha when consumption of spices is high. Despite sufficient stock and

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Chinese Billionaire Jack Ma Takes First Class In Tokyo

Alibaba founder Jack Ma gave his first lecture as a visiting professor at Tokyo College, which is a part of the University of Tokyo, last week, retreating further from his

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US adds Switzerland to currency monitoring list, eyeing China

None of the United States’ major trading partners has been designated as manipulating its currency — including China — the Treasury Department said Friday, although Switzerland was added to a

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Summit Oil and Shipping to build third LNG terminal in Bangladesh

The cabinet committee on economic affairs in a meeting on Wednesday agreed in principle with a proposal to establish the third liquefied natural gas terminal by Summit Oil and Shipping

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5kg rice to be added to TCB card: Tipu

Commerce Minister Tipu Munshi today said that each of the one crore family card holders under the state-run Trading Corporation of Bangladesh (TCB) would be provided 5 kilograms of rice

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Canada unemployment rises for first time in nine months

Canada shed 17,000 jobs in May, pushing up for the first time in several months the unemployment rate to 5.2 percent, the national statistical agency said Friday. The net job

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Persistent inflation, rising interest rates will weigh on global economy, OECD predicts

The global economy must steer through a precarious recovery this year and next as inflation keeps dragging on household spending and higher interest rates weigh on growth, banks and markets.

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Industries hit hard by energy crisis

Businesses are struggling to continue the operation of manufacturing units as an energy crisis and frequent power outages hit the industrial sector across the country. From apparel to primary textile

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