Saturday 26 April 2025
           
Saturday 26 April 2025
       
Economy
8 E-commerce cos allegdly launder Tk7 b
In a disturbing revelation, eight e-commerce companies in Bangladesh have been found to have laundered approximately Tk 7 billion under the guise of online retail operations. This fraud has raised serious concerns, as the fraudulent activities of these companies are leaving consumers vulnerable and eroding trust in the digital marketplace.According to a special report by ...more
2.98 lakh unregistered e-commerce cos transact over Tk 50,000 cr
Currently, the number of e-commerce and f-commerce companies in the country is more than three lakh. However, out of which only 1,496 are registered. The remaining 298,000 companies are not registered. These unregistered companies are ordering and delivering millions of products every day. In return, the government is not getting any revenue.Unregistered institutions are illegally ...more
Tk 650 cr embezzled in  fake E-money scheme
In a shocking revelation, a central bank investigation has uncovered a massive fraud committed by ‘Nagad,’ the mobile banking service of the Bangladesh Postal Department. According to the findings, Nagad engaged in an unprecedented digital money-printing scheme with the backing of the state, resulting in the embezzlement of nearly Tk 650 crore in counterfeit e-money. ...more
Majority of investors  lack trust in BSEC leadership: Survey
A recent survey conducted by LankaBangla Securities has revealed widespread distrust in the leadership of the Bangladesh Securities and Exchange Commission (BSEC), with nearly half of respondents expressing no confidence in the regulatory body. The survey, which was conducted between December 15, 2024, and January 25, 2025, found that 49.5% of participants had no trust ...more
From Tradition to Innovation: stone field’s Taste Solutions to Redefine Bangladesh’s Flavour Landscape
Stonefield flavours, one of the fastest-growing flavour manufacturing multinationals in Asia, is gearing up to transform the taste landscape of Bangladesh with its insights-driven taste solutions. As tastemakers with deep regional expertise, stonefield has developed hyperlocal flavours tailored specifically for the Bangladesh market while also introducing an array of global flavours adapted for local preferences.To ...more
Private sector credit growth  slows to 1.41 pc
Credit growth in the country’s private sector has been quite slow for several years. It has slowed down even more in the last six months. In the first five months (July to November) of the current 2024-25 fiscal year, credit flow to the country’s private sector increased by only 1.41 percent. Earlier, this growth rate was ...more
31 recommendations unveiled to boost  investment, growth
The economic task force of Bangladesh’s interim government has unveiled a set of 31 comprehensive recommendations aimed at revitalizing the country’s investment climate and addressing long-standing challenges in economic development. Formed with the objective of steering the nation toward sustainable growth, the recommendations cover various sectors and highlight key areas of reform to attract both ...more
$234 b laundered abroad under Awami League govt
In a bid to trace and recover assets laundered by Bangladeshis abroad, the government is preparing to send a delegation to the United Arab Emirates (UAE) and several other countries. The initiative, aimed at tackling the ongoing issue of money laundering, was announced by Financial Advisor Dr. Salehuddin Ahmed during his address at the 9th ...more
Bangladesh’s GDP growth to decline to 4.1pc in FY25: WB
Bangladesh’s economic growth is projected to slow to 4.1% in the current fiscal year (FY25), marking the weakest pace since the pandemic, as political turmoil in mid-2024 eroded investor confidence and dampened economic activity, the World Bank reported on Thursday.In its latest Global Economic Prospects report, the global lender warned that heightened political uncertainty would ...more
NBR sets ambitious  revenue targets for  upcoming fiscal years
The National Board of Revenue (NBR) has unveiled an ambitious plan to boost revenue collection in the coming years, aiming for a significant increase in domestic revenue. For the 2025-26 fiscal year, the NBR has set a target of Tk 564,000 crore, marking a Tk 74,000 crore rise compared to the current fiscal year’s target of ...more
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