Category: Finance

The government has failed to achieve the revenue collection target in the just-ended fiscal year as it fell short by almost Tk 3,000 crore due to ‘political instability, lower economic activities and fall in consumer goods import’.

The government on Wednesday agreed with the Asian Development Bank (ADB) on time-bound actions to improve the performance of the Bank’s portfolio in the country and achieve the 2013 development targets.

DHAKA: Director General of South Asia Department of the Asian Development Bank (ADB) Juan Miranda arrives Dhaka on Tuesday on a two-day official visit.

ASM Feroz Alam has been elected the chairman of Premier Leasing  and  Finance Ltd, says a press release. He is associated with Banking and leasing business.

The Bangladesh House Building Finance Corporation (HBFC) has earned a net profit of Tk. 151.79 crores in the fiscal year 2011-2012. During the year, the amount of loan disbursement is Tk. 294.84 crores. The amount of loan disbursed increased by…

Bangladesh’s foreign exchange reserve again crossed the $ 15-billion mark, totaling $ 15,291.74 million as of 26 June this year, up from $ 14,531.42 million on 30 May.

The Foreign Direct Investment (FDI) in Bangladesh has gone up by 13.75 percent in 2012, despite a weak global investment climate.

Ahead of the holy month of Ramadan, Trading Corporation of Bangladesh (TCB) has started selling essentials at fair prices through its authorized dealers in all eight districts of Rajshahi division on Sunday last, official sources said.

Dhaka North City Corporation and Dhaka South City Corporation on Sunday fixed the prices of beef and mutton for the upcoming Ramadan.

Speakers at a discussion here on Sunday said the private investment in the country needs to have a major boost for the fulfillment of the national goal to achieve the middle-income status by 2021.

After remaining stable for a long time, the rice market in Satkhira has become unstable with a sudden surge in price of the staple.

After remaining stable for a long time, the rice market in Satkhira has become unstable with a sudden surge in price of the staple. Price of per sack (60 kgs) of rice has increased by Tk140 to Tk160 at wholesale…

The average retail price of rice in Dhaka city has increased to Tk 31.5 per kg from Tk 25.9 over the first half of June, according to official statistics.

Investors have demanded higher interest rates to buy 1.5 billion Euros ($2 billion) of Portuguese debt as the bailed-out country’s economic recovery efforts struggle to gain traction.

National Board of Revenue (NBR) chairman M Ghulam Hossain on Wednesday said that the potential income tax payers in Bangladesh should not be less than 60 lakh considering the economic size and activities in the country.

Nearing the end of its term, the government is borrowing more and more from scheduled banks.

The Board of Investment Scrutiny Committee for approval of foreign loan/supplier’s credit on Tuesday cleared borrowing of US$ 154 million foreign loan against 15 private sector projects.

For long, Rajshahi is nationwide famous, especially for its tasty and delicious fruit mango that attracts people from allover the country every summer. Every year, acreage, number of trees and mango production is mounting. However, unfortunately, not a single mango-processing…

The US has said it will provide grants to help improve safety standards in Bangladesh garment factories.

Boro rice procurement drives of food department has been progressing fast in the district since May 19 amid much enthusiasm to the millers. Office sources said the government has fixed a target to procure 23,619 tonnes of boiled rice and…

The GDP growth in South Asia slipped to 4.8 percent in 2012, mainly reflecting a continued deceleration in India, slower growth in Sri Lanka and Bangladesh, and sluggish growth in Pakistan and Nepal.

The government has started procuring 77,836 tonnes of Boro rice and 18,271 tonnes of paddy from 10 districts of the country’s south-western region during this Boro season. The Department of Food has been procuring Boro rice and paddy since May…

Azerbaijan is keen to bolster economic ties with Bangladesh through forming a ‘Business Forum’ between the two countries.

Poultry farming has given a significant boost to the rural economy with more than 2,500 big, medium and small sized poultry farms. It also created job opportunities for hundreds of unemployed people in Netrakona district. Officials of the district livestock…

Announced national budget created mixed reactions in Sylhet, as proposed budget may ‘widen rich-poor gap’ and create frustrations among the investors. Most  leaders of the business community and professional organisations termed the proposed new budget “over-ambitious and not pro-people” and…

The government has provided subsidy to the tune of Tk 1,381.83 crore to 12 state-owned enterprises in the outgoing fiscal year (2012-13).

The price of reconditioned vehicles would be cheaper, or costlier, depending on the age of the vehicle with the government going back to the year-based depreciation system.

Despite criticisms by various quarters, the government wants to continue with the provision allowing undisclosed money in some specific areas in addition to buying plots and flats.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has termed the proposed budget for the fiscal year 2013-2014 as ‘trade and investment-friendly’ budget.

Noting that the major challenge for the government will be to implement the ambitious budget, renowned economist Dr Mustafa Kamal Mujeri on Thursday said the government should give more attention towards improving its implementation capacity to have better outcomes.