Fire destroys 200 vehicles in Thailand's Mae Sot customs compound
Fire destroys 200 vehicles in Thailand's Mae Sot customs compound

A fire destroyed around 200 impounded vehicles in the Mae Sot customs compound late Tuesday evening. The fire broke out at approximately 7:30 p.m. at the newly constructed customs facility in tambon Tha Sai Luat, where around 800 vehicles were parked, reports Bangkok Post. Around 20 fire engines...

Govt's VAT, SD hike on 100+ products suicidal
Govt's VAT, SD hike on 100+ products suicidal

Dhaka Chamber of Commerce and Industries (DCCI) President Taskin Ahmed has urged the government to reduce expenses by 20% to save Tk50,000 crore and avoid burdening businesses with increased value added tax (VAT), supplementary duty (SD), and gas prices, reports UNB. Speaking at a press event in...

Top Japanese diplomat to visit Seoul amid political agitation
Top Japanese diplomat to visit Seoul amid political agitation

Japanese Foreign Minister Takeshi Iwaya will visit South Korea on Monday to strengthen security ties with Seoul and their mutual ally, the United States, amid regional challenges from North Korea and Chinas growing influence. Iwaya will be the first Japanese foreign minister to visit Seoul in...

E-commerce scam involving billions of taka fades into shadows
E-commerce scam involving billions of taka fades into shadows

Companies like Evaly, Alesha Mart, and E-Orange stand accused of defrauding customers of billions of taka, leaving thousands of affected customers without refunds or recourse. These once-prominent e-commerce platforms, which flourished during the Awami League government, have largely ceased...

Taka loses 12.72% value in 2024 as dollar strengthens
Taka loses 12.72% value in 2024 as dollar strengthens

The Bangladesh Bank (BB) increased the US dollar exchange rate by Tk12 in 2024, resulting in a 12.72% depreciation of the local currency, the taka, over the year, reports UNB. A central bank data analysis shows that the central bank fixed the dollar exchange rate at Tk122 on December 31,...