Biz-Econ

The steady decline in credit card transactions by Bangladeshi citizens in India, first observed during the July Uprising last year, has grown more pronounced

The Anti-Corruption Commission, or ACC, has found evidence that mobile financial service provider Nagad “created excessive electronic money and laundered funds” through foreign companies.

With the interim government in place for six months after the changeover of power following the August uprising, the country’s foreign exchange market is currently witnessing a stable condition due to healthy flow of inward remittances and considerable foreign aid receipts alongside visible preventive measures against money laundering.

The government has increased the prices of all four types of gasoline by Tk 1 per litre.

Two foreign audit firms have begun evaluating the asset quality of six banks currently mired in financial irregularities and corruption.

Bangladesh`s gross foreign exchange reserves have crossed US$26 billion.

The International Monetary Fund on Tuesday expressed deep concerns to the Bangladesh Bank over the persistently high inflation in the country.

The National Board of Revenue (NBR) has reduced customs duty, Advance Income Tax and fully waived advance tax on import of dates to keep this iftar item beyond the purchasing power of commoners during the holy month of Ramadan.

India`s Adani Power has further reduced electricity supply to neighbouring Bangladesh as it seeks to recover more than $800 million in dues, according to data from Bangladesh`s grid operator and two sources familiar with the move.

Bangladesh Bank (BB) has asked bank officials and staffs in the four city corporations of Bangladesh to submit their tax returns online.

Two-day Bangladesh Remittance Fair will begin at Jamaica Performing Arts Centre in New York on October 20 to increase remittance flow from the USA to Bangladesh.