Search results for: Bangladesh

Stocks end post-budget session marginally lower

FE ONLINE REPORT 2021-06-06 17:29:34

Stocks ended marginally lower on Sunday, the first session after unveiling the national budget, as investors reacted mixed to the proposed budget. Finance Minister AHM Mustafa Kamal placed a record T...

Phoenix Insurance declares 15pc cash dividend for 2020

-- 2021-06-06 11:21:55

The board of directors of Phoenix Insurance Company has recommended a 15 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annu...

Stocks open marginally lower on post-budget session

FE ONLINE REPORT 2021-06-06 10:55:22

The market opened marginally lower on Sunday, the first session after unveiling the national budget, as investors reacted mixed to the proposed budget. DSEX, the prime index of the Dhaka Stock Exchan...

Attaining 7.2pc growth difficult, says ICAB

FE REPORT 2021-06-06 09:41:55

The Institute of Chartered Accountants of Bangladesh (ICAB) on Saturday in its budget reaction said achieving a growth target of 7.2 per cent will be "difficult but not impossible". The ICAB said the...

FBCCI seeks stimulus for small businesses

FE REPORT 2021-06-06 08:06:37

The country's apex trade promoter FBCCI has sought fresh stimulus for small businesses as, it believes, they are worst-affected by the coronavirus pandemic. The government earlier announced a package...

BGMEA urges government to review some budget proposals

FE REPORT 2021-06-06 08:04:20

Hailing the proposed budget for the upcoming fiscal year 2021-22, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the government to review some of its proposals including...

NBR pins VAT collection hope on premium cigarettes, telcos and EFDs

DOULOT AKTER MALA 2021-06-06 07:52:45

The revenue board has projected the collection of an additional VAT revenue of Tk 60 billion from three areas in the upcoming fiscal year (FY). The Value Added Tax (VAT) is expected to come from toba...

Budget lacks proper assessment of COVID-19 impact, SANEM says

-- 2021-06-05 20:14:35

Executive Director of the South Asian Network for Economic Modeling (SANEM) Dr Selim Raihan has said the proposed national budget has failed to make a proper assessment of the impact of the COVID-19 p...

CSOs term budget unjust, demand banking sector reform  

FE ONLINE DESK   2021-06-05 18:40:47

The principle of redistributive justice has not been followed in formulating the proposed budget despite hardship faced by the commoners during the pandemic, a group of civil society organisations (CS...

Vaccinate 60 to 70pc people promptly to boost economic recovery, Dr Atiur suggests

FE ONLINE DESK 2021-06-05 17:46:30

Eminent economist Dr Atiur Rahman has said the government should prioritise vaccinating 60 to 70 per cent of the population as soon as possible to get success in social and economic recovery from pand...

FBCCI supports money whitening for investment in productive sector

FE Online Report 2021-06-05 15:44:25

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has supported the whitening of undisclosed money for investment in the productive sector. FBCCI President Md Jashim Uddin said t...

Budget private sector-friendly, says BCI

FE REPORT 2021-06-05 11:27:23

Terming the proposed budget for the next fiscal year a promising one, Bangladesh Chamber of Industries (BCI) on Friday said the government will face challenges while implementing it. "The government...

DSE believes budget to drive capital market development

FE REPORT 2021-06-05 10:50:39

Dhaka Stock Exchange (DSE) has welcomed the proposed budget, terming it 'business-friendly and capital market development-oriented'. Finance Minister AHM Mustafa Kamal placed a record Tk 6.03 trillio...

Bangladesh's foreign aid dependency set to increase

FHM HUMAYAN KABIR 2021-06-05 09:02:44

Analysts have forecast increased reliance on foreign aid as the government targets 2.9-per cent external assistance of the gross domestic product (GDP) to minimise deficit. The dependency mooted for...

MCCI terms budget bold, forward-looking

FE REPORT 2021-06-05 08:58:09

Congratulating Finance Minister A H M Mustafa Kamal, the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has said the budget for the upcoming fiscal year (FY), 2021-22, is 'courageous an...

Minister Kamal bats for expansionary policy

JASIM UDDIN HAROON 2021-06-05 08:26:36

Finance Minister AHM Mustafa Kamal has said the government is pursuing an expansionary fiscal policy with an eye to boosting economic growth. "We're pursuing an expansionary fiscal policy and Banglad...

Allocation for agriculture 'enough', says Minister

-- 2021-06-04 21:33:52

Agriculture Minister Dr Abdur Razzaque on Friday said enough allocation was given for the agriculture sector in the proposed national budget of 2021-22 fiscal year. "I feel no deficit in the allocati...

Retaining money whitening facility hinges on data availability, Kamal says

-- 2021-06-04 21:18:12

Finance Minister AHM Mustafa Kamal says the government at this moment lacks data on the outcome of the provision of legalising undisclosed income. He came up with the statement during a virtual news...

Govt says budgetary allocation for healthcare, vaccination adequate

-- 2021-06-04 17:37:19

The government has sought to dispel concerns over the allocation for healthcare in the proposed budget, assuring that they would readily mobilise funds for the sector when necessary. The budgetary al...

Budget lacks innovative policy to tackle pandemic, CPD says

-- 2021-06-04 16:50:36

The Centre for Policy Dialogue says the government has overlooked the challenges of meeting the targets set out in the proposed spending plan for fiscal 2021-22, while the budget also lacks a results-...

Budgetary move to facilitate collecting long-term capital

FE REPORT 2021-06-04 12:00:00

The government has proposed exemption in capital gain tax applicable at the time of transferring property to trust and Special Purpose Vehicle, and vice versa. The waiver of 4.0 per cent gain tax h...

BSEC removes floor price for 30 more listed firms

FE REPORT 2021-06-04 10:32:50

he Bangladesh Securities and Exchange Commission (BSEC) lifted the floor price for 30 more listed firms in the second phase on Thursday. The stock market regulator issued an order in this regard on t...

'Tax reform elusive, export diversification ignored, job creation less prioritised'

JASIM UDDIN HAROON 2021-06-04 10:03:22

Leading economists, analysts and professional forecasters have split over 'a realistic and time-befitting' budget in view of the challenges of Covid-19 pandemic and other factors on the economy. Some...

Budget may help recovery, say business leaders

FE REPORT 2021-06-04 09:08:07

Leaders of trade bodies have termed the proposed budget as inclusive one, expressing hope that the proposals, if implemented, may revitalise the economy. In their instant reactions to the budget prop...

No more blanket coverage of legalising illicit money

FE REPORT 2021-06-04 08:42:59

The government has proposed no extension of the opportunity to whiten black money with 10 per cent flat rate of tax on various sectors including stock market in the next fiscal year (FY). The Finance...

Luxury items may be pricier, home appliances cheaper

FE REPORT 2021-06-04 08:17:21

The cost of imported mobile phones may go up as the government has proposed raising import duty to 25 per cent from 10 per cent, according to the Finance Bill-2021. Prices of perfume, liquor, tiles a...

Traditional, yet business-friendly -- proposed budget bypasses pressing issues

SHAMSUL HUQ ZAHID 2021-06-04 08:08:55

Finance Minister AHM Mustafa Kamal on Thursday placed in parliament yet another national budget -- country's 50th since independence -- amidst pandemic-induced constraints. The budget for the next fi...

Mirza Azizul says government will find it difficult to implement budget

-- 2021-06-03 23:44:51

The government will not be able to execute the budget for 2021-22 fiscal year because of a lack of skills in the administration, believes AB Mirza Azizul Islam. “Financing won’t be a big...

Agro-based industries get 10-year tax exemption

-- 2021-06-03 23:25:48

Bangladesh has announced a 10-year tax exemption for six individual sectors in agro-based industries to generate employment and tackle the drought in investment caused by the coronavirus pandemic. Fi...

Prices of numerous goods likely to change under FY22 budget

-- 2021-06-03 23:13:46

The prices of many goods and products are likely to change under the budget tailored for 2021-22 fiscal. Finance Minister AHM Mustafa Kamal has proposed a reduction of tax and customs duties on diffe...