Finance Minister
Bangladesh continues to see robust remittance inflow; $922.10 mn in 10 days
According to Bangladesh Bank data, the country received $534 million during the same period last year while $572 million in the first 10 days of August last.
Officials at the central bank said the country has been witnessing an increased trend in remittance inflow since the government’s declaration of 2 percent incentives for remittance senders in July 2019 in
Cabinet body okays LNG import from int’l spot market
The Cabinet Committee on Public Purchase on Wednesday approved 10 procurement proposals including one to import of 3.490 million British thermal unit (mmbtu) of liquified natural gas (LNG) from international open spot market.
Govt to spend Tk 3,586cr to upgrade Sylhet-Tamabil Highway
The Executive Committee of the National Economic Council (Ecnec) on Tuesday cleared six development projects, including a Tk 3,586-crore one to upgrade Sylhet-Tamabil Highway into a four-lane one.
Padma Bridge project gets time extension up to 2022
The implementation tenure of Parma Bridge project, a mega project of the country, has been extended up to 2022 as its works suffered setback due to COVID-19 pandemic and floods.
Govt to spend Tk1,454 cr to improve power supply; project cleared
The Executive Committee of the National Economic Council (Ecnec) on Tuesday cleared five development projects, including a Tk 1454-crore one to ensure uninterrupted electricity supply to clients under the DPDC areas in Dhaka and Narayanganj cities.
Finance Minister optimistic about achieving huge revenue collection target
The government will be able to achieve the huge revenue collection target if other economic parameters remain sound in the days to come, hoped Finance Minister AHM Mustafa Kamal.
Expat Bangladeshis remitted record $2.6bn in July
Expatriate Bangladeshis have sent home $2.6 billion in July alone – the highest monthly remittance received in the country’s history – despite all sorts of troubles that accompanied the global coronavirus pandemic.
Village police to get 4th class status: Minister
State Minister for ICT Zunaid Ahmed Palak on Sunday said the government has taken an initiative to provide 4th class employee status to the 46,000 village police members across the country.
Faulty policy might offset govt bid for strong bond market
The government's move to develop a strong bond market to provide long-term financing through giving some amenities in the proposed budget for 2020-21 fiscal might not bring any positive change due to faulty policy in providing loans from other sectors.
Tax cut of non-listed companies unlikely to benefit people: Economists
The government's move to reduce corporate tax of non-listed companies is unlikely to bring any good result for the common people, rather the multi-national companies in the country would be the most beneficiaries, said economists.
"This is very much frustrating," Honorary Professor of Department of Economics of Dhaka University Abu Ahmed told UNB over telephone.
He said that these non-listed companies usually do not pay taxes properly and they usually hide income figures."These are mainly family based companies, there is no involvement of public interest."