Tax benefit to spur growth of oceangoing shipping sector Bangladesh’s fleet of oceangoing vessels is expected to expand in the coming years after the National Board of Revenue eased age rules for ships to qualify for VAT exemption during imports and cut advance income tax. The revenue authority said it
Read MoreBB tightens rules to restore discipline in import financing The central bank yesterday drew up a detailed guideline on post-import financing (PIF) to end the misuse of loans extended to pay for imported goods and bring discipline in the foreign exchange regime in the banking industry. Previously, some delinquent borrowers
Read MoreStock market cap hits record high The stock market has risen to new heights with market capitalisation hitting a high point last week while overvalued shares still remaining a concern. Market capitalisation at Dhaka Stock Exchange (DSE) reached a record high of Tk 509,937 crore on Thursday. Similarly, the DSE’s
Read MoreMore low-cost loans for women borrowers Female borrowers would get at least 25 per cent of the stimulus fund dedicated to the farmers, underprivileged women, professionals, and micro-enterprises, said the central bank yesterday. The Tk 3,000-crore fund was rolled out in April last year as part of the Bangladesh Bank’s
Read MoreBangladesh GDP growth 2nd-best in South Asia The World Bank yesterday upgraded Bangladesh’s GDP growth forecast for this fiscal year by 2 percentage points to 3.6 percent, making it the second best-performing economy in South Asia behind the Maldives. In fiscal 2020-21, neighbouring India’s economy is forecasted to contract by
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