Tax revenue up as economy rebounds Tax-revenue collection in Bangladesh marks an upturn amid economic rebound, both globally and locally, following reopening from corona lockdowns. Transitional period in economy after the anti-Covid lockdowns has helped the tax authority hammer in a 14.55-per cent growth in the first two months of
Read MoreBB asks FIs to keep provision against ‘other assets’ All unadjusted prepaid entries, unadjusted prepaid legal expenses, protested (uncollectible debt) bills and other expenses or losses of financial institutions are now shown as ‘other assets’, classified as bad or lost. A central bank circular, issued Sunday, says the FIs concerned
Read MoreProspects brighten for GSP Plus as EU changes rules Bangladesh’s prospects of keeping exporting to the European Union duty-free have brightened as the bloc has proposed to update rules to allow a growing number of graduating LDCs to qualify for the preferential trade benefit. A least-developed country’s share in the
Read MoreDhaka Bank joins ADB’s trade and supply chain finance programme Dhaka Bank Limited has recently signed an agreement with Asian Development Bank (ADB) to engage in the latter’s Trade and Supply Chain Finance Programme (TSCFP) as a confirming bank to expand its trade facilities.As per the confirming bank agreement, the
Read MorePrivate sector credit increases 8.42 percent in August Credit flow to the private sector has been growing gradually as July and August figures show mainly on the back of demand for working capital. Private sector credit rose to 8.42 percent in August from 8.38 percent in July, according to the
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