Search results for: Economy

Land acquisition a new problem area for RHD

Munima Sultana 2018-06-10 10:55:04

Money paid as compensation for acquiring private land now eats up the most part of cost of projects belonging to the Roads and Highways Department (RHD). The recent hike in the official rate of compe...

Monitor mega-projects strictly before polls: SANEM

FE Report 2018-06-10 10:51:59

A think-tank has called for strict monitoring of ongoing mega projects ahead of the national elections. "Instead of focusing on spending, we need to focus on the quality of the projects," said the he...

BD’s outbound investment more than triples

FE Report 2018-06-10 10:21:31

The outflow of foreign direct investment (FDI) from Bangladesh to other countries surged by more than three times in a year. The outward flow means Bangladeshi business entities or Bangladesh-based m...

Economic growth to fall short of target: IMF

FE Online Report 2018-06-09 19:31:53

The International Monetary Fund (IMF) has forecasted a slightly lower per cent of economic growth than the government target for the upcoming fiscal year 2018-19 (FY19) The IMF projected a 7.0 per c...

Tofail says the budget will help the poor also

-- 2018-06-09 18:12:43

Commerce Minister Tofail Ahmed on Saturday said the proposed budget will benefit everyone, rich and poor. Tofail said it while speaking as the chief guest of a zakat distribution ceremony in Sadar u...

FBCCI for stern action against loan defaulters

FE Online Report 2018-06-09 15:57:59

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Saturday demanded strict punishment against those involved in misappropriating bank loans. The apex trade body, at the same...

Reduction of highest layer of VAT rate to facilitate growth of economy: BUILD

FE Online Desk 2018-06-09 14:07:15

BUILD, a private think-tank said announcement on reduction of the highest layer of VAT rate will bring positive results to facilitate the growth of Bangladesh economy, said a statement. "The Financ...

China's May CPI up 1.8pc y/y

-- 2018-06-09 13:24:08

China's consumer price index, a main gauge of inflation, rose 1.8 per cent year on year in May, the same as the CPI growth in April, data from the National Bureau of Statistics (NBS) showed Saturday...

BD needs to boost productive investment: IMF

-- 2018-06-09 11:35:16

Bangladesh will need to boost productive investment by addressing infrastructure bottlenecks and strengthening the banking sector to keep ongoing momentum unhurt, the IMF said in its annual assessment...

CPD opposes corporate tax cut for banks, FIs

FE Report 2018-06-09 10:15:50

A think-tank has opposed the new budgetary proposal for slashing the corporate tax rate of banks and financial institutions (FIs). Such a move, the Centre for Policy Dialogue (CPD) said can no way he...

FICCI finds budget 'highly challenging'

FE Report 2018-06-09 10:11:00

The Foreign Investors' Chamber of Commerce and Industry (FICCI) has termed the proposed national budget for the next fiscal year (FY), 2018-2019, 'highly challenging'. In a post-budget reaction on Fr...

Continuation of tax-free threshold disappoints MCCI

FE Report 2018-06-09 00:48:28

Attaining the increased revenue target for the new fiscal will continue to be a major challenge, despite a rise in the number of tax payers, said a leading chamber. The National Board of Revenue (NBR...

Muhith hopes to achieve budget targets

-- 2018-06-08 19:46:54

Finance Minister Abul Maal Abdul Muhith has said all targets set in the proposed budget for next fiscal year (2018-19) are achievable. “Whenever we place a budget, then we definitely place it a...

'VAT proposal on online shopping a printing mistake'

-- 2018-06-08 16:20:57

The proposal to impose 5 per cent value added tax (VAT) on online shopping was printed mistakenly on the script of finance minister's budget speech. Chairman of National Board of Revenue (NBR) Md Mos...

Philippine total trade grows 8.8pc in April

-- 2018-06-08 15:19:05

The Philippines' total external trade in goods in April totaled $13.84 billion, posting a growth of 8.8 per cent from $12.73 billion recorded in April 2017, the Philippine Statistics Authority (PSA)...

Budget lacks clarity about source of fund: CPD

-- 2018-06-08 13:15:50

The Centre for Policy Dialogue (CPD) says the proposed budget lacks clarity about the source of fund and expenditure. It termed the projected revenue unrealistic and pointed out that there is no clea...

Argentina reaches $50b bailout deal with IMF

-- 2018-06-08 10:35:29

The International Monetary Fund has agreed to lend Argentina up to $50 billion as the country seeks to bolster its struggling economy. The three-year agreement must still be approved by the IMF board...

Budgetary deficit to soar by 12pc

FE Report 2018-06-08 09:56:04

The overall budget deficit is set to widen by nearly 12 per cent in Fiscal Year (FY) 2018-19 as the government's expenditures will exceed revenue income. The deficit is estimated at Tk 1.25 trillion...

Actual budget size shrinks

Jasim Uddin Haroon 2018-06-08 09:40:11

The rate of budget implementation in the country has been shrinking gradually over the years, according to government data. This implies that there is an increasing gap between the original budget...

Businesses express mixed reactions

FE Report 2018-06-08 09:35:02

The country's trade body leaders expressed mixed reactions on Thursday over the proposed budget for the next fiscal year (FY), 2018-19. Many of them were disappointed for not lowering corporate tax f...

Economists term the budget 'expansionary'

FE Report 2018-06-08 09:24:49

Prominent economists of the country have termed the latest budget 'expansionary as usual'. It has been formulated keeping in mind the upcoming national election, according to their opinions. They ha...

Interest, subsidy to eat up almost 30pc of revenue budget

FE Report 2018-06-08 09:18:30

Interest payment and subsidy will eat up almost 30 per cent of the revenue budget for the next fiscal year (FY). Finance Minister AMA Muhith proposed in his budget speech on Thursday an allocation of...

A benign and routine budget

Shamsul Huq Zahid 2018-06-08 09:14:42

As expected, Finance Minister AMA Muhith, on Thursday, in keeping with the past trend, placed even a bigger budget for fiscal year (FY) 2018-19 that appears benign, in terms of tax proposals, and sele...

5.0pc VAT on app-based ride-sharing services

-- 2018-06-07 19:36:43

The government has slapped a five per cent VAT on app-based ride-sharing services of the country. The National Board of Revenue (NBR) has issued an SRO in this connection, reports UNB. In the SRO, t...

Inflation target 5.6pc

FE Online Report 2018-06-07 15:37:03

The government has forecasted the inflation rate at a comfortable level of 5.6 per cent in the next financial year (FY) 2018-19.As for the outgoing FY2018, the target rate was revised up to 5.8 per ce...

Govt eyes 10m registered taxpayers by FY23

-- 2018-06-07 15:34:29

Bangladesh aims to raise the number of registered taxpayers to 10 million and increase the number of tax return filers to 8 million by the end of fiscal 2022-23. Finance Minister AMA Muhith announced...

Govt sets GDP growth at 7.8pc

FE Online Report 2018-06-07 15:21:41

The government has set a 7.8 per cent Gross Domestic Growth (GDP) growth target for the next financial year (FY) 2018-19, aiming to take it on the higher trajectory within next couple of years. The g...

Australia’s GDP growth jumps to 3.1pc

-- 2018-06-07 15:11:37

Australia’s economy is growing at an annual rate of 3.1 per cent, up from 2.4 per cent three months ago, largely thanks to mining commodities exports. Strong results in the mining exports have...

Muhith placing Tk 4.64 trillion-budget

FE Online Report 2018-06-07 13:13:34

Finance Minister AMA Muhith has been placing the last budget of this government for the fiscal year 2018-19. He started placing the Tk 4.64 trillion-plus budget before the parliament at 12:53 in the...

Plea to keep remittance inflow out of tax net

FE Report 2018-06-07 10:20:07

Non-resident Bangladeshis (NRBs) urged the government to keep their hard-earned money out of the tax net to encourage remittance of their earnings home. The Centre for Non Resident Bangladeshis (Cent...