FICCI expresses concern over hikes in tax, SD
The Daily Star » Business
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1w ago
Increased costs of doing business could weaken operational capacity, the chamber said ..read more
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US top remittance source in Nov, Dhaka top recipient
The Daily Star » Business
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1w ago
The biggest source of all the remittance received by Bangladesh last November was the US, according to the latest report of Bangladesh Bank (BB)..Moreover, Dhaka secured the lion’s share of the foreign currencies..Bangladeshi migrants sent home $2,199.99 million in November. Of it ..read more
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Bangladesh has huge potential to attract investment
The Daily Star » Business
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1w ago
Bangladesh has significant potential for foreign investment due to its large pool of human resources, strategically advantageous location, and sizable consumer market, said PARK Young Sik, the South Korean ambassador to Bangladesh..He made the remarks during a courtesy meeting with Taskeen ..read more
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UK to ‘unleash’ AI to turbocharge economy
The Daily Star » Business
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1w ago
Prime Minister Keir Starmer is due Monday to outline an “action plan” to make the UK “the world leader” in artificial intelligence and spark Britain’s flagging economy ..read more
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US announces new restrictions on AI chip exports
The Daily Star » Business
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1w ago
The United States on Monday unveiled new export rules on advanced computing chips used for artificial intelligence, aiming to facilitate sales to allied nations and further curb access to countries like China ..read more
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China saw booming exports in 2024 as Trump tariffs loom
The Daily Star » Business
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1w ago
China’s exports surged to a record high in 2024, providing a much-needed boost for the economy as the prospect of biting tariffs imposed by US president-elect Donald Trump looms ..read more
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Bangladesh, Pakistan to form joint business council
The Daily Star » Business
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1w ago
The apex trade bodies of Bangladesh and Pakistan signed a memorandum of understanding (MoU) yesterday to form a joint business council to strengthen trade between the two countries ..read more
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Foreign fruits turn costlier for duty hike
The Daily Star » Business
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1w ago
Recent supplementary duty (SD) hikes on the import of fruits have dealt a fresh blow to people who were already cutting back on these delicacies since the imposition of regulatory duties in mid-2022..On January 9, the National Board of Revenue (NBR) increased the supplementary duty on the ..read more
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External debt rises slightly
The Daily Star » Business
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1w ago
Although Bangladesh’s foreign debt slightly increased in the first quarter of the current fiscal year 2024-25, the debt of private sector and public sector corporations decreased due to a lack of confidence in the banking sector and payment delays ..read more
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Paint makers decry tax hikes as demand slumps
The Daily Star » Business
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1w ago
The local paint industry is reeling from increased supplementary duties (SD), which threaten both revenue and the survival of manufacturers amid rising production costs and shrinking consumer demand, according to industry insiders ..read more
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