Search results for: Economy

Be frugal in forex spending, suggests MCCI

FE REPORT 2022-06-11 09:00:26

Hailing the Tk 6.78-trillion national budget proposed amid ongoing global uncertainties, Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) suggests the government to be frugal in spending...

US annual inflation posts largest gain since 1981

-- 2022-06-10 23:46:31

US consumer prices accelerated in May as gasoline prices hit a record high and the cost of food soared, leading to the largest annual increase in nearly 40-1/2 years, suggesting that the Federal Reser...

Ukraine war: 11m to 19m may face hunger due to reduced commodity exports

-- 2022-06-10 19:22:43

Reduced exports of wheat and other food commodities from Ukraine and Russia risk leaving between 11 million and 19 million more people with chronic hunger over the next year, the United Nations' food...

Russia slashes key interest rate to pre-crisis level of 9.5pc

-- 2022-06-10 18:20:34

Russia's central bank has slashed its key interest rate to 11 per cent and said it saw room for more cuts this year, as inflation slows from more than 20-year highs and the economy heads towards a con...

‘Bangladesh conducts feasibility studies on 23 countries for inking trade deals’

-- 2022-06-10 18:07:01

Foreign Minister AK Abdul Momen has said Dhaka has already conducted feasibility studies on 23 countries for inking different kinds of economic deals while the country is opening up new markets to rea...

Bangladesh eyes JICA's support for economic development

-- 2022-06-10 17:59:16

While looking back on the cooperation with JICA so far, speakers at a seminar in Tokyo on Friday explored ways to further strengthen the partnership with Bangladesh in the future. They said reaching...

Budget falls short in addressing inflationary issues adequately: CPD

-- 2022-06-10 16:54:45

The Centre for Policy Dialogue (CPD) says the proposed budget for fiscal 2022-23 falls short of the mark in terms of addressing the inflationary issues facing the country and assuring citizens of keep...

Budget to make economy stronger, says Kamal

-- 2022-06-10 16:42:21

Finance Minister AHM Mustafa Kamal on Friday hoped that the implementation of the proposed national budget for FY2022-2023 would make the economy stronger and more vibrant. “Hopefully our econo...

Targeting 5.6pc inflation quite ambitious: SANEM

FE REPORT 2022-06-10 08:36:24

Due to the current context and shifting of global economic factors, the target of limiting average inflation to 5.6 per cent in the next fiscal is quite ambitious, said the South Asian Network on Ec...

Govt to borrow Tk 2.41tn to meet budget deficit

FE REPORT 2022-06-10 08:27:41

Government borrowing from both foreign and domestic sources is set to increase by more than 20 per cent in the next fiscal year to meet the budget deficit. According to the proposed budget, it's ex...

Chamber leaders hail budget, make their points

FE REPORT 2022-06-10 08:27:25

Different chamber leaders hailed the budget for the new fiscal year and also came up with their own suggestions in their instant reactions. Hailing the proposed budget for the fiscal year 2022-23,...

'Inflation-control tools not enough'

FE REPORT 2022-06-10 08:25:29

Economists expressed mixed reaction over the proposed budget as those who talked to the FE were critical of government measures meant to tame inflationary pressures on public life in particular. Dr...

CPD sees measures 'insufficient', 'incomplete'

FE REPORT 2022-06-10 08:24:51

The Centre for Policy Dialogue (CPD) terms the proposed budgetary measures to overcome existing challenges in fiscal year (FY) 2022-23 'insufficient and incomplete'. It says people of the upper-inc...

Budget skips austerity

JASIM UDDIN HAROON 2022-06-10 08:16:05

Higher growth through economic rebound on higher spending by holding fired-up inflation in check features a Tk 6.78-trillion new budget the government announced Thursday. With inflationary pressure o...

Bangladesh to lift income tax return exemption for NRBs, digital service providers

-- 2022-06-09 22:05:22

The finance minister has proposed withdrawing the provision of exempting expatriate Bangladeshis and digital service providers from submitting income tax returns.Presenting the FY 2022-23 budget on Th...

Government to cut utility services for tax, VAT dodgers

-- 2022-06-09 22:01:53

Finance Minister AHM Mustafa Kamal has called for measures to empower the authorities to snap the utility connections, such as gas, electricity and water, to those who fail to pay undisputed taxes. H...

VAT imposed on meditation services in FY23

FE ONLINE REPORT 2022-06-09 21:16:36

The government has proposed to impose VAT on meditation services again after three years of exemption. “I propose to withdraw the existing VAT exemption on ‘Meditation Services’, sa...

Importing aircraft in FY23 to get cheaper

FE ONLINE REPORT 2022-06-09 20:33:01

The government plans to propose Advance Tax (AT) exemption for the import of aircraft by registered organisations. Finance Minister AHM Mustafa Kamal made the statement while placing the proposed nat...

Defence budget increased by 7.1pc

-- 2022-06-09 20:28:27

The allocation for the Defence Ministry in the proposed budget for the fiscal year 2022-23, has been increased by Tk 26.69 billion, a  7.1 per cent increase, from that of the outgoing fiscal 2021...

Govt raises budget for environment protection

FE ONLINE REPORT 2022-06-09 20:20:52

The government increased the budget allocation for the protection of the environment slightly in the proposed national budget for the 2022-23 fiscal year (FY23) taking the immense importance of enviro...

Tk 50b earmarked to combat pandemic in FY23 budget

-- 2022-06-09 19:22:54

With an apprehension that Covid-19 can spread further anytime, Finance Minister AHM Mustafa Kamal proposed Tk 50 billion as block allocation in the next fiscal year to implement the emergency measures...

Tk 10.99b proposed for Information and Broadcasting Ministry in FY23 budget

-- 2022-06-09 19:20:07

The government has proposed allocating Tk 10.99 billion for the Ministry of Information and Broadcasting in the national budget for the financial year (FY) 2022-23 which was Tk 10.61 billion in the re...

Tk 0.18 trillion proposed for railways ministry in FY23 budget

-- 2022-06-09 19:11:33

Considering the importance of the Bangladesh railways as comfortable, affordable, safe and low-cost transport for passengers, Finance Minister AHM Mustafa Kamal has proposed for the railways ministry...

Education allocation to rise by less than 2.0pc of GDP

-- 2022-06-09 19:06:35

The education and technology sectors get 5.0 per cent higher allocation in the proposed national budget for 2022-23 fiscal year (FY23), placed by Finance Minister AHM Mustafa Kamal in Parliament on Th...

Bangladesh to examine possibility of establishing digital bank

-- 2022-06-09 19:00:17

Bangladesh government will examine the possibility of establishing digital banks to expand and accelerate financial inclusion, Finance Minister AHM Mustafa Kamal has said. "It is to be noted that est...

Universal budget to be introduced in FY23

-- 2022-06-09 18:52:57

The government plans to introduce a universal pension scheme in the upcoming fiscal year, according to Finance Minister AHM Mustafa Kamal. "In my budget speech for FY20, I outlined the establishment...

Supplementary duty on motorcycles likely to promote domestic industry

FE ONLINE REPORT 2022-06-09 18:52:01

The government plans to impose a supplementary duty on motorcycles to promote domestic industry. In the proposed budget for the fiscal year 2022-23, Finance Minister AHM Mustafa Kamal said in our cou...

Tk 16.51b allocated for foreign ministry in FY23 budget

-- 2022-06-09 18:47:02

An allocation of Tk 16.51 billion has been made for the Foreign Affairs Ministry in the proposed budget for 2022-23 fiscal. The allocation in the new budget is Tk 600 million more than the revised bu...

Health sector gets trivial boost in FY23 budget

-- 2022-06-09 18:44:26

Though he said strengthening the health sector is the government's top priority, Finance Minister AHM Mustafa Kamal has increased allocation for the ailing health sector by just a little bit in the Na...

Income tax rate to remain unchanged in FY23

-- 2022-06-09 18:37:34

Finance Minister Mustafa Kamal is planning to keep the individual tax rate unchanged for a third straight year in the proposed national budget for the fiscal year 2022-23. Despite calls from various...