Tax collection more than doubles in April evenue collection surged 116 per cent year-on-year to Tk 19,326 crore in April, the highest monthly growth in the current fiscal year, which has seen lower tax receipts because of the economic slowdown. Receipts rose 13 per cent year-on-year to Tk 197,583 crore
Read MoreStocks pass 6,000 points after over 3 years Dhaka stocks yesterday crossed 6,000 points for the first time in more than three years thanks to increased participation of buoyant investors going after banking stocks. The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), rose by 22 points, or 0.32
Read More52pc users apply for power thru middlemen Fifty-two per cent of electricity consumers in Bangladesh apply for the connection through middlemen instead of going to the distribution offices directly, according to a new survey. The survey was conducted by Infrastructure Investment Facilitation Company, an advisory body of the government under
Read MoreMFS interoperability by December People will be able to transfer funds from their mobile wallets to other accounts belonging to another carrier and banks by December in a development that would give the mobile financial service (MFS) industry a massive boost. Bangladesh Bank has already completed the necessary tasks to ensure
Read MoreBig banks look for post-pandemic rebound of credit card revenue Big US banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses. Lenders, including
Read More