Chairman of the National Board of Revenue (NBR) Md Abdur Rahman Khan on Wednesday ruled out tax cuts for now, saying the government's priority is to boost revenue collection by widening the tax net. "Reducing corporate tax and tax deducted at source (TDS) rates is not possible at this stage. Inste
Bangladesh is likely to experience around 3,000 megawatts (MW) of load shedding on Thursday due to a significant gap between electricity demand and generation, officials said. Umme Rehana, Joint Secretary of the Power Division’s Planning-1 Branch, said the country’s electricity demand
The government will import 13 million litres of refined palm olein for sale at subsidised prices to low-income cardholders under the Trading Corporation of Bangladesh (TCB) programme. The finance ministry said in a statement that the oil will be procured from US-based Powerhouse General Trading LL
Modhumoti Bank inaugurated its “RowmariSadar Agent Point” under the control of the Modhumoti Melandaha Branch, located at the Upazila Chattar, Rowmari, Kurigram, on Wednesday, April 22, 2026. In a virtual inauguration ceremony, Md. Shafiul Azam, Managing Director & CEO of the bank, ina
UCB Bank PLC has entered into a Memorandum of Understanding (MoU) with the Bangladesh Investment Development Authority (BIDA) to integrate its banking services into BIDA’s Online One Stop Service (OSS) Portal. This strategic collaboration is designed to simplify and accelerate the investment
The country’s overall electricity generation is set to increase by around 1,982 megawatt (MW) from the first week of May as one closed unit of India’s Adani power plant and another unit of SS Power will come online by late April, joint secretary of Power Division under the Ministry of P
Energy Minister Iqbal Hassan Mahmood on Thursday announced that gas supply to Ashuganj fertiliser factory will resume from May 1, prioritising agricultural needs despite potential impacts on electricity generation. “Although power generation may be affected, we have decided to supply gas to
Business leaders in Bangladesh remain uncertain and hesitant about expanding operations and making fresh investments, largely due to concerns over energy supply, said Mahbubur Rahman, President of the International Chamber of Commerce (ICC). He noted that entrepreneurs are still unsure whether the
After one unit of an Adani power plant shut down due to a mechanical fault, pressure on the Bangladesh’s electricity system has increased further. On Tuesday, the maximum load shedding during the day was 2,044 megawatts, which rose to 2,495 megawatts on Wednesday. According to data from the
The long vehicle queues for petroleum in front of filling stations started shortening with increased fuel supplies and introduction of pass system particularly for bikers, said pump operators. “We witnessed with a sense of fright in past weeks long queues of octane/petrol dependent vehicles,
