Economists for targeting trade-based capital flight

An upward trend in imports once again amid calls for austerity from the highest levels of government has raised concern among economists as to whether truly effective steps are being taken to check trade-based capital flight, particularly through the practise of over-invoicing by the country's importers. The government has been looking

Economy offers reasons for optimism despite problems

Economists are hopeful that Bangladesh's economy will regain the growth momentum while reducing inflation and stabilising the exchange rate in the New Year. Despite higher inflation and fluctuating currency exchange rate, record defaulted loans, they are optimistic about the overall growth of the domestic economy, which is predicted by the

Housing loans surge amid rise in demand for properties

Banks and financial institutions are offering long-term housing loans to customers, creating opportunities to become owners of property. Some institutions are even approving loans within 48 hours of receiving the customer's application. However, most banks and financial institutions thoroughly verify the identity of the customer and the quality of his

Scientists find export potentials in Jellyfish

Jellyfish has always been considered an inedible and therefore useless catch by the fishing communities in the country's coastal districts. Despite never being considered as commercially viable, new research by Bangladeshi scientists indicates jellyfish can eventually become a source of export earnings. Like elsewhere, the coast of Bangladesh too plays

Tax evasion becomes rampant in country

Despite taking VAT registration, around 22 percent of companies are not submitting their VAT returns. A large number of individuals are also remaining out of the tax network despite having taxable income. A total of 26 lakh people or 52.41 percent of the taxpayers did not submit their income tax

Forex market may be more volatile: Experts for undertaking reforms

Despite Bangladesh Bank's measures to rein in forex spending, the crisis of US dollar drags on without any hint of ending anytime soon, experts say. Recent fall in inward remittances, earnings from exports, and a looming global recession are all signalling that the external account crisis will be prolonged further, they