The National Board of Revenue (NBR) has found 265 luxurious cars like Mercedes, BMW and Land Rover roaming in the streets untaxed. NBR Chairman Md Ghulam Hussain revealed the information on Sunday at a pre-budget discussion between the finance minister…
Criticising the mindset of ministers and MPs in undertaking development programmes prioritising their respective areas or homes, Prime Minister Sheikh Hasina said development plans should be taken considering the highest benefit of the common people at the low cost. “Ministers,…
The Asian development Bank (ADB) will provide $ 250 million to Bangladesh for ‘Dhaka Environmentally Sustainable Water Supply’ to increase supply of surface water in the capital. Economic Relations Division (ERD) secretary Md Mejbahuddin and ADB new country director Kazuhiko…
The Asian Development Bank (ADB) has appointed Japanese national Kazuhiko Higuchi as the new Country Director for its Bangladesh resident mission. Mr. Higuchi succeeds M. Teresa Kho, who moved to become the Country Director for ADB’s resident mission in New…
Bangladesh’s foreign exchange reserves have reached yet another milestone by crossing $20 billion-mark, due mainly to buoyant remittance flow and declining import, the central bank officials say. Bangladesh Bank’s Forex Reserve and Treasury Management Department General Manager Kazi Sayedur Rahman…
Bangladesh’s GDP growth in the current fiscal year will stand at around 5.4 percent due to political turmoil it suffered, the World Bank forecast on Wednesday saying it is not bad if achieved finally. The political turmoil in the last…
Distribution of Taka 6.26 crore as special incentives among the farmers of 11 northern districts continues in full swing for enhancing Aus cultivation during this season, official sources said today.
Finance Minister AMA Muhith on Tuesday denied a news report that the government added Tk. 3,210 crore to the Revised Annual Development Programme for current fiscal year 2013-14. He said the revised outlay in the ADP remains unchanged at TK…
The Asian Development Bank (ADB) and the government of Bangladesh on Sunday signed an agreement for US$110 million in loans to support the country’s private sector infrastructure projects including in renewable energy.
Speakers at a seminar on Sunday urged the government to take steps for allocating sufficient fund for BADC in the next budget in a bid to ensure farmers’ rights.
The general point-to-point inflation rate slightly rose to 7.48 per cent in March from 7.44 per cent in February 2014 compared to 7.71 per cent in March 2013. The food inflation also marked a slight rise in March to 8.96…
Eminent professionals and members of the Institute of Informatics and Development (IID) at a meeting on Saturday observed that public policy without evidence and participation can make journey towards blind development. They made the observation while addressing the annual general…
Finance Minister AMA Muhith on Friday said the size of the national budget will be increased by three times during the present tenure compared to that during the last BNP-led alliance government. Speaking at a discussion after laying the foundation…
The planning ministry has got what it wanted for its Revised Annual Development Programme (RADP) despite a row with the finance minister. It had sought Tk 605.82 billion for its RADP but the finance ministry was in no mood to…
Bangladesh will need minimum US$ 74 billion of investment to bridge infrastructure gap by 2020 to remove poverty, says a new World Bank report. The report estimates that a total of US$ 74-100 billion is needed to develop infrastructure in…
Prime Minister and Leader of the House Sheikh Hasina on Wednesday told Parliament that the government would be able to announce new pay scale for government employees in the next fiscal. She said this while replying to a question from…
Finance Minister AMA Muhith on Tuesday said the government has sought budget support from the World Bank citing its outstanding overall economic performances. The Finance Minister made the request when visiting World Bank Vice President for South Asia Philippe Le…
The Asian Development Bank (ADB) on Tuesday projected that Bangladesh may achieve 5.6 percent GDP growth in the current fiscal against the government’s target of 7.2 percent. However, the Finance Minister during a half yearly statement on the economy revised…
Commercial farming of onion-seed is gradually being expanded everywhere in the region including its high Barind tracts side by side with onion in the wake of gradual rising of its demands.
The Asian Development Bank (ADB) has offered its assistance for Bangladesh to set up a deep seaport in the Bay of Bengal. “We’re working on the Dhaka-Chittagong Highway. We’ll work on seaport…deep seaport in the future,” ADB director general Juan…
Rupali Insurance, Social Islami Bank Limited, Beach Hatchery, and Mercantile Bank have recommended cash and stock dividends for the year ended on December 31, 2013. The Board of Directors of Rupali Insurance has recommended 10 per cent cash dividend and…
Political stability and the rule of law are essential for investment that can fuel economic growth, former caretaker government adviser AB Mirza Azizul Islam said on Saturday. “Investment will grow only when the political environment is peaceful,” he told a…
Finance Minister AMA Muhith on Monday hoped that the general point-to-point inflation rate by June this year would stand at 7.0 percent, down from 7.53 percent in December last year. He said he based his optimism on the normalization of…
Japan will provide 120 billion Yen – equivalent to US$1.18 billion – to Bangladesh under the Official Development Assistance, a spokesperson accompanying the visiting Japanese foreign minister said on Saturday.
Dr. Atiur Rahman, governor of Bangladesh Bank (BB), has had fruitful meeting with Seiji Kihara, vice minister of Ministry of Foreign Affairs (MOFA) of Japan. The Japanese vice minister appreciated BB’s proactive role in resolving issues raised by Japanese investors…
Industries Minister Amir Hossain Amu on Tuesday said emphasis will be given on an industry -and investment-friendly tax structure in the upcoming budget to encourage local industrial production. He made the remarks while talking to reporters after a meeting with…
Fisheries and Livestock Minister M Sayedul Haq on Tuesday said the ban on hilsa export will be lifted only when the local demand is met. The minister said this when he was asked to clear government’s position about the proposal…
The Chairman of Bangladesh’s National Board of Revenue (NBR), Ghulam Hussain, has indicated that the Government plans to reduce corporate income tax rates with effect from the next fiscal year, which starts on July 1, 2014. The highest corporate tax…
Minister for Finance AMA Muhith on Wednesday told Parliament that the current political situation in the country and ongoing global economic recesses have fallen direct and negative impacts on realising of government revenue, investment, import and export trade. “Resulting in…
The National Board of Revenue (NBR) has slashed revenue target by 8.08 percent from the projected figure of the 2013-14 fiscal. The revenue target was Tk 1,360 billion for the current fiscal.