Eastern Bank Limited (EBL) has launched an auto loan scheme for customers purchasing brand-new BYD cars from CG Runner BD Ltd, according to a media statement Monday. An agreement to this effect was signed in Dhaka recently by M Khorshed Anowar, Deputy Managing Director and Head of Retail and SME B
India has proposed lowering the Goods and Services tax (GST) on small cars to 18 per cent from the current 28 per cent as part of sweeping consumption tax cuts, a government source said on Monday. The reduction, part of a programme of the deepest tax cuts announced by Prime Minister Narendra Modi
Another consignment of 202 metric tonnes of onions has arrived in Bangladesh from India through the Bhomra land port in Satkhira. The import of onions from India resumed through the land port after remaining suspended for four months and 20 days. Abu Musa, general secretary of the Bhomra C&F Agen
Green chilli prices jumped to Tk 350 a kilogramme in the city on Sunday, adding to the woes of consumers. Traders said heavy rain and flooding damaged chilli fields in many districts, destroying plants and reducing production. Imports have also remained suspended, tightening the supply. On Sunday
The government has allowed Sincos Automation Technologies Limited, a private company, to import 1.0 million tonnes of sugar and lentils for sale under the state-run Trading Corporation of Bangladesh's (TCB) sales drive. The Ministry of Commerce (MoC) recently granted approval through an official o
The National Board of Revenue (NBR) has directed that containers destined for Inland Container Depots (ICDs) must be moved from Chattogram port on the same day they are unloaded from vessels. If a full consignment cannot be transferred on the first day, the remaining containers must be shifted by
Oil prices were largely unchanged on Monday after a drop in early trade, as the United States exerted no further pressure on Russia to end the Ukraine war through measures to disrupt its oil exports following a meeting of the leaders of both nations. Brent crude futures dropped 6.0 cents, or 0.09
The yields on treasury bills (T-bills) fell further on Sunday as banks preferred to invest their excess liquidity in the risk-free securities. The cut-off yield, generally known as interest rate, on the 91-Day T-bills came down to 10.14 per cent on the day from 10.20 per cent of the previous level
The government has finalised its plan to expand the four-lane Dhaka-Chattogram highway into 10 lanes and is considering managing funds from both private investors and multilateral agencies due to the high cost estimated at Tk 620 billion. Officials said though the cost is lower than the earlier es
The president of the Bangladesh Ocean Going Ship Owners’ Association (BOGSOA) has called for urgent reforms in the shipping sector, warning that outdated laws, tax policies and bureaucratic delays are threatening billions of dollars in private investment. Azam J Chowdhury made the call at at
