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/ Economy / Bangladesh

BB to study digital currency as an alternative to crypto

Bangladesh Bank will conduct a feasibility study on the possibility of introducing a central bank digital currency (CBDC), backed by blockchain technology. Finance Minister AHM Mustafa Kamal revealed the plan in the proposed budget for the financial year 2022-23 in...

Social safety net widened

With the introduction of the Universal Pension system and the...

FinMin proposes tax cuts for 'Made in Bangladesh' brands to boost competitiveness

Finance Minister AHM Mustafa Kamal has proposed to reduce taxes...

Mobile phone sets to get costlier in budget FY 23

People will have to pay more for buying mobile handsets...

5.0m low-income families to get food assistance in FY23

Five million low-income households will get food assistance of 30...

Govt plans to construct 54 warehouses for safe chemicals storage

As part of the government initiatives to ensure a safe...

Around $4.0b invested in private economic zones, says Kamal

Finance Minister AHM Mustafa Kamal has said that the investment...

Agro-machineries get increased subsidy in budget FY23

Finance Minister AHM Mustaf Kamal has emphasised on agricultural modernisation...

Government cuts turnover tax for startups

Bangladesh plans to slash the turnover tax for startups to...

Cash incentive on remittance to remain unchanged at 2.5pc

Keeping the rate of incentive on sending remittance unchanged at...

Govt plans to impose 15pc VAT on laptop imports

The government plans to impose 15 per cent VAT on...

Bangladesh plans to borrow record Tk 1.0t from banks

After a deviation of two years due to the coronavirus...

Allocation of power and energy slashed in budget for FY23

The power and energy sector received an allocation of Tk....

Proposed budget to keep aside Tk 50b for jobless people

The government plans to set aside Tk 50 billion (5,000...

Kamal sees six major challenges for FY23 

Finance Minister AHM Mustafa Kamal saw six major challenges for...

Bangladesh cuts corporate tax rate to 27.5pc

Finance Minister AHM Mustafa Kamal has announced a corporate tax...

Amid price spike, inflation target set at 5.6pc for new fiscal

Bangladesh is targeting an average inflation rate of 5.6 per...

GDP growth target set at 7.5pc in FY23

Bangladesh has set a 7.5 per cent GDP growth target...

ADB approves $250m loan for Bangladesh social resilience programme

The Asian Development Bank (ADB) on Thursday approved a $250...

Kamal places budget of Tk 6.78 trillion for FY23

Finance Minister AHM Mustafa Kamal has unveiled the upcoming 2022-23...

Cabinet approves national budget for FY23

The Cabinet at a special meeting on Thursday approved the...

'Impose more taxes on luxury items to save forex reserves'

Bangladesh needs to be careful about imports and should impose...

Taka gains against dollar after serial depreciation

A turnaround comes as the Bangladesh taka gained 50 paisa...

Taxation recast can ‘cut income inequality’

Income inequality in Bangladesh goes gaping to worst level after...

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