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Sanem conference focusses  policy reforms to boost private sector investment

Sanem conference focusses  policy reforms to boost private sector investment

UNB 2021-05-30 22:40:15

Economists at a webinar on Sunday urged the government to focus on policy reforms to boost private sector investment which is essential to stimulate the post-COVID recovery process. They also remarke...

OKUP demands budget allocation equivalent to 10pc of remittances

OKUP demands budget allocation equivalent to 10pc of remittances

FE REPORT 2021-05-30 09:07:33

Ovibashi Karmi Unnayan Programme (OKUP) has demanded allocation equivalent to 10 per cent of total remittances, sent by migrant workers annually, in the upcoming national budget for ensuring the welfa...

Fiscal steps likely to make contractors tax-compliant

Fiscal steps likely to make contractors tax-compliant

DOULOT AKTER MALA 2021-05-30 08:53:10

The government is likely to impose fiscal measures in the upcoming budget that is expected to compel the contractors to become tax-compliant in case of realizing their bills, sources said. The contra...

Economists, businessmen for assessing pandemic effects, recasting taxation

Economists, businessmen for assessing pandemic effects, recasting taxation

FE REPORT 2021-05-30 08:35:49

Reforms in the taxation system, proper assessment of the pandemic impact on the economy and optimum utilisation of the stimulus packages remain key to making businesses competitive, stakeholders said...

‘Bangladesh is showcasing its economic rise’   

‘Bangladesh is showcasing its economic rise’  

FE ONLINE REPORT 2021-05-29 20:39:47

“From providing India with Covid relief materials to extending financial help to Sri Lanka in its hour of crisis, Bangladesh has started to showcase its economic rise, ” wrote Indian digit...

Agriculture to get increased subsidy in the upcoming budget

Agriculture to get increased subsidy in the upcoming budget

UNB 2021-05-29 17:53:10

Government subsidies in the upcoming budget for the fiscal year 2021-22 is likely increase by Tk 100 billion with the agriculture sector slated to get the highest allocation, official sources said on...

Strong recovery of global trade in goods is there, says WTO

Strong recovery of global trade in goods is there, says WTO

FE Online Desk 2021-05-29 11:33:04

After a steep but brief pandemic-induced decline in the second quarter of last year, global trade in goods is continuing to recover in the current year. The latest World Trade Organization (WTO) Goo...

Bangladesh's capital machinery imports record remarkable decline

Bangladesh's capital machinery imports record remarkable decline

FHM HUMAYAN KABIR 2021-05-29 09:26:11

The capital machinery import has declined notably in recent months, reflecting the negative impact the Covid-19 is having on the country's economy, analysts said on Friday. Statistics show the capita...

2nd wave of Covid may again widen budget deficit

2nd wave of Covid may again widen budget deficit

JASIM UDDIN HAROON 2021-05-29 08:04:43

Budget deficit has shrunk to some extent in the first nine months of the current fiscal year to March 2021 mainly due to higher revenue receipts. Economists, however, foresee a reversal in the trend...

Kuakata under threat of losing tourism potential due to pollution, mismanagement

Kuakata under threat of losing tourism potential due to pollution, mismanagement

FE ONLINE REPORT 2021-05-28 18:13:19

One of the biggest tourist spots in the country is under threat of plastic and sound pollution due to uncontrolled tourism, according to a report by the Marine Journalists Network. At least 50,000-60...

Chinese companies focus on ASEAN countries for business growth: Report

Chinese companies focus on ASEAN countries for business growth: Report

FE REPORT 2021-05-28 13:51:27

Majority of Chinese companies are focusing on ASEAN (Association of Southeast Asian Nations) region countries for their business growth over the next 12 months. This was revealed by the Standard Char...

Pandemic toll on Indian economy deepens

Pandemic toll on Indian economy deepens

Reuters 2021-05-28 11:57:58

India’s economic outlook has weakened again, albeit slightly, with worst-case scenario forecasts suggesting the toll from the coronavirus pandemic could be much deeper, stoking fears the job cri...

Facebook takes harder stance against misinformation

Facebook takes harder stance against misinformation

-- 2021-05-27 19:13:11

Facebook Inc said on Wednesday it would take ‘stronger’ action against people who repeatedly share misinformation on the platform. Facebook will reduce the distribution of all posts in it...

NBR to make fish farming less attractive for tax evaders!

NBR to make fish farming less attractive for tax evaders!

DOULOT AKTER MALA 2021-05-27 09:07:56

The National Board of Revenue (NBR) is likely to impose a higher rate of tax on income from fish farming in the next budget if the earnings exceed a certain ceiling, officials said. The government is...

Bangladesh urged to sign FTA with Malaysia

Bangladesh urged to sign FTA with Malaysia

FE REPORT 2021-05-27 09:03:09

Instead of sticking to the revenue loss issue, Dhaka should sign Free Trade Agreement (FTA) with Kuala Lumpur to attract investment, raise export and ensure jobs of Bangladeshis in Malaysia. This was...

Cap on cash transactions mobile financial services likely

Cap on cash transactions mobile financial services likely

DOULOT AKTER MALA 2021-05-27 08:40:31

The tax authority may impose a limit on cash transactions from merchant accounts through Mobile Financial Services (MFS) in the upcoming fiscal year (FY), sources said. The tax officials would not al...

Ministry proposes import tax on computer, laptop

Ministry proposes import tax on computer, laptop

ISMAIL HOSSAIN 2021-05-27 08:36:11

A ministry has proposed to impose 30-32 per cent tax on the import of computer and laptop to facilitate developing domestic industry, sources said. The Ministry of Telecommunication and ICT has put f...

Bangladesh's imports drop over 10pc in April

Bangladesh's imports drop over 10pc in April

Siddique Islam 2021-05-27 08:27:18

Bangladesh's overall imports dropped by more than 10 per cent or US$509.03 million in April last mainly due to the second wave of the Covid-19 pandemic, bankers said. Settlement of letters of credit...

FE budget webinar calls for additional support to address poverty, inequality

FE budget webinar calls for additional support to address poverty, inequality

FE REPORT 2021-05-27 08:20:51

The budget for the upcoming fiscal year (FY) should have more than usual policy supports designed to deal with the worsening poverty situation and rising income inequality due to Covid-19 pandemic, op...

Facebook, Instagram will now let users hide 'like' counts on posts

Facebook, Instagram will now let users hide 'like' counts on posts

-- 2021-05-26 20:34:27

If you post a photo to social media and you don't know how many people liked it, did you really post it? Instagram and Facebook users can now find out. Beginning Wednesday, those on both services wil...

Pakistan may seek aid from Bangladesh in 2030, former WB Adviser says

Pakistan may seek aid from Bangladesh in 2030, former WB Adviser says

BSS 2021-05-26 17:56:39

Highly praising Bangladesh’s economic growth and expressing concern over Pakistan’s current economic turmoil, a former World Bank (WB) adviser said that Pakistan could be seeking aid from...

Countries eager to reopen borders for tourism

Countries eager to reopen borders for tourism

-- 2021-05-26 15:14:43

Countries reliant on tourism are racing to reopen borders and revive economies decimated by the pandemic. The World Travel & Tourism Council (WTTC) estimates that the sector lost nearly $4.5 tril...

WhatsApp sues India govt, says new rules mean end to privacy

WhatsApp sues India govt, says new rules mean end to privacy

Reuters 2021-05-26 10:34:22

WhatsApp has filed a legal complaint in Delhi against the Indian government seeking to block regulations coming into force on Wednesday that experts say would compel the California-based Facebook unit...

Number of unapproved projects halved in next ADP

Number of unapproved projects halved in next ADP

FE REPORT 2021-05-26 09:16:03

The government has incorporated nearly half the last fiscal's unapproved projects in the next annual development programme (ADP) as part of a cautious move amid the Covid-19 pandemic. It has included...

Government's net borrowing target likely at Tk 320 billion

Government's net borrowing target likely at Tk 320 billion

FE REPORT 2021-05-26 08:41:54

The government is set to enhance, by over 50 per cent, the net borrowing target from National Savings Schemes to Tk 320 billion in the new fiscal year, up from the current fiscal's Tk 200 billion, sou...

Dhaka receives higher amount of foreign aid during Covid months

Dhaka receives higher amount of foreign aid during Covid months

FHM HUMAYAN KABIR 2021-05-26 08:37:18

The development partners released US$4.82 billion worth of assistance during the first 10 months of the current fiscal year (FY2020-21), according to official figures. The disbursement was exactly th...

Securities regulator, insurers to explore ways of covering risks

Securities regulator, insurers to explore ways of covering risks

JASIM UDDIN HAROON 2021-05-26 08:24:43

A move is underway to cover the risks associated with fixed-income financial instruments being approved by the securities regulator. The Bangladesh Securities and Exchange Commission (BSEC) has appro...

Global climate schemes putting a price on carbon emissions: WB Report

Global climate schemes putting a price on carbon emissions: WB Report

REUTERS 2021-05-25 20:55:22

A World Bank report on Tuesday showed more than a fifth of the world's greenhouse gas emissions are now covered by a price on carbon dioxide (CO2) emissions to help meet climate goals. A carbon cost...

India plans stimulus package to support economic growth

India plans stimulus package to support economic growth

Reuters 2021-05-25 14:18:52

India is preparing an economic stimulus package for the sectors worst affected by COVID-19, Bloomberg reported on Tuesday, citing people familiar with the matter. The finance ministry is working on p...

Experts suggest framing separate guideline for CMSMEs

Experts suggest framing separate guideline for CMSMEs

FE REPORT 2021-05-24 13:48:33

Speakers at a programme on Sunday suggested framing a separate guideline and better coordination between the regulatory bodies and financial institutions to ensure credit flow to informal sectors. Th...