Business

Sammilito Islami Bank Resumes Operations; Depositors Welcome Move

Dhaka: Sammilito Islami Bank PLC resumed normal banking operations for individual account holders today, allowing customers to apply for withdrawal of their principal deposits, with payments scheduled to begin from September 7. The resumption of opera…

Stocks Rebound on Bargain Hunting

Dhaka: Stocks rebounded strongly today after a prolonged downturn as bargain hunters picked up beaten-down shares, taking advantage of attractive price levels. The DSEX, the broad index of the Dhaka Stock Exchange (DSE), gained 39.2 points to close at…

Traders Assert No Price Hike for Essentials if Supplies Are Stable

Dhaka: Retailers, wholesalers, and corporate importers of essential commodities in Bangladesh have asserted that there is no justification for an increase in essential goods prices, provided that the supply remains consistent. They cautioned, however,…

Bangladesh’s Gross Forex Reserves Rise to $37.41bn

Dhaka: Bangladesh’s foreign exchange reserve stood at US$37.41 billion (gross), according to the latest data released by Bangladesh Bank (BB) today.

According to Bangladesh Sangbad Sangstha, the country’s gross foreign exchange reserve reached US$37…

Battery Maker JiuZhou Industry Evades Tk 317.92cr VAT

Dhaka: The Audit, Intelligence and Investigation Directorate, Value Added Tax, Dhaka of the National Board of Revenue (NBR) has detected VAT evasion amounting to Tk 317.92 crore by battery manufacturing company JiuZhou Industry Ltd following an intell…

Battery Maker JiuZhou Industry Evades Tk 317.92cr VAT

Dhaka: The Audit, Intelligence and Investigation Directorate, Value Added Tax, Dhaka of the National Board of Revenue (NBR) has detected VAT evasion amounting to Tk 317.92 crore by battery manufacturing company JiuZhou Industry Ltd following an intell…