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-- 2019-06-23 17:00:35
Prime Minister Sheikh Hasina has said her government plans to bring down the poverty rate of the country to a level less than that of the USA. "At present, we have brought down the poverty rate to 21...
FE Report 2019-06-23 10:38:08
Finance Minister AHM Mustafa Kamal on Saturday disclosed in parliament a list of the country's top 300 loan defaulters, who swallowed Tk 509.42 billion worth of bank money. This figure makes up aroun...
FE Report 2019-06-23 09:41:50
Bangladesh could not achieve its desired economic growth through the existing anti-export bias promoting protectionism, economists said on Saturday. They said the country set a higher growth target o...
-- 2019-06-22 21:47:49
Leaders of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) have promised to make a “peaceful and prosperous” Bay of Bengal region on the 22 yea...
-- 2019-06-22 17:43:32
The number of total loan defaulters in the country is now 170,390 and total amount of defaulted loans is over Tk 1.02 trillion (Tk 102,315.19 crore). Finance Minister AHM Mustafa Kamal gave the infor...
-- 2019-06-22 16:57:41
The number of total Tax Identification Number (TIN) holders in the country is now 40,37,429 (over 4.037 million). Finance Minister AHM Mustafa Kamal gave the information on Saturday in the parliament...
-- 2019-06-22 16:50:04
Bangladeshi expatriates have remitted US$15.06 billion till May in the current fiscal 2018-19, which is $1,462 million higher than same period of the last fiscal. Finance Minister AHM Mustafa Kamal g...
-- 2019-06-22 14:20:59
Paper traders on Saturday called on the government to reduce the import duty to five per cent from 25 per cent in the budget to help the local industry flourish. They made the call at a press confere...
FE Online Desk 2019-06-22 13:47:43
International Business Forum of Bangladesh (IBFB) said without establishing good governance and complying with the due diligence, the implementation of the new budget will not be possible....
Doulot Akter Mala 2019-06-22 10:38:10
The government projects an additional tax revenue of Tk 365.22 billion in the next fiscal year (FY), following the enforcement of the new VAT and Supplementary Duty Act-2012. The highest amount of Tk...
-- 2019-06-20 22:26:53
Former Agriculture Minister and Matia Chowdhury on Thursday strongly criticised the proposal for increasing tax at source on family savings certificate from five per cent to 10 per cent in the propose...
-- 2019-06-20 18:21:39
Around 2.57 million people are currently working in the country’s readymade garments (RMG) sector. State Minister for Labour and Employment Begum Monnujan Sufian gave the information while repl...
-- 2019-06-20 13:19:48
Indonesia plans to cut several different taxes to boost investment and accelerate economic growth, its finance minister said on Wednesday. Southeast Asia’s largest economy in the Q1 expanded 5....
-- 2019-06-20 13:08:05
A top RBA official has said a recent cut in interest rates would not be enough to revive economic growth, an unusually blunt declaration that led markets to narrow the odds on another easing as early...
Siddique Islam 2019-06-20 09:23:30
The International Monetary Fund (IMF) has expressed interest to know about the definition of wilful loan defaulters, which will be used for identifying them legally. The visiting IMF mission's intere...
-- 2019-06-19 21:24:58
Bangladesh has achieved the fastest growth in the Asia-Pacific economies comprised of 45 countries, according to the Asian Development Bank (ADB). In the outgoing fiscal year of 2018-19, the AD...
FE Report 2019-06-19 11:41:20
The point-to-point inflation in the month of May last was recorded higher than that of the previous month, according to official data. It was 5.63 per cent in May compared to 5.58 per cent in April,...
-- 2019-06-19 11:02:21
China’s Belt and Road Initiative (BRI) could speed up economic development and reduce poverty for dozens of developing countries, the World Bank has said in a report. The global lender said thi...
FE Report 2019-06-19 10:18:45
The new VAT law, to be effective from next month (July), will cause price hike of commodities at consumer level, the PricewaterhouseCoopers (PwC) has said. According to the new law, the products payi...
FE Report 2019-06-19 09:21:53
Achieving the 'biggest' revenue target would be a challenging task with so many tax exemptions proposed in the budget, the revenue board chief said on Tuesday. He said a Tk 3.25-trillion revenue targ...
Pulak Saha, Prabir Mitra, Dibyendu Das and Shahadat Hossain 2019-06-18 21:11:50
The government has finally notified that the new VAT law (VAT and Supplementary Duty Act, 2012 and Rules 2016) will go into effect from July 01, 2019. Consequent upon this, all rules, orders, statutor...
-- 2019-06-18 13:39:35
Bank Indonesia (BI), the central bank of the country, is expected to keep its benchmark interest rate steady at a policy review on Thursday, a Reuters poll showed. The poll also said that the BI may...
FE Report 2019-06-18 09:44:26
Former finance advisor Dr A B Mirza Azizul Islam expressed on Monday his dissatisfaction over the poor attention the budget paid to address the banking sector problems. "I am extremely disappointed a...
Doulot Akter Mala 2019-06-18 09:30:27
The budget proposal to keep the tax-free limit for individual taxpayers unchanged has evoked mixed reactions among business people and economists. Businesses wanted the ceiling to be adjusted with in...
-- 2019-06-17 18:41:28
Prime Minister Sheikh Hasina on Monday told Parliament that there is no liquidity crisis in the banking sector insisting that certainly there is money in banks. “It’s said there’s n...
-- 2019-06-17 18:27:42
The parliament has passed the supplementary budget of over Taka 151.66 billion for the outgoing 2018-19 fiscal to meet the increased expenditures under different ministries and divisions. Finance Min...
-- 2019-06-17 15:27:26
The ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries, according to a study. The...
FE Report 2019-06-17 09:54:00
The government said state-owned enterprises (SoEs) will incur a loss of Tk 56.7 billion in the next fiscal year, accentuated by rising price of fuel in the international market. The forecast is highe...
Siddique Islam 2019-06-17 09:40:27
The International Monetary Fund (IMF) has expressed concern over the rising trend in stressed assets in the banking sector. The Washington-based lender recommended that the quality of assets should b...
Mohammad Mufazzal 2019-06-17 09:35:42
A total of 209 listed companies will have to pay an additional Tk 107.92 billion if the proposed 15 per cent tax on 'reserves and retained earnings' is implemented. Officials concerned said a large n...
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