Graduation From LDC: Govt seeks 5-year transition period
Bangladesh will seek to retain the zero duty benefit and the market access for five years after its graduation to a developing country as the pandemic took a heavy toll on the nation’s economy.
11 January 2021
Money whitening scope does more harm than good
The government in June last year granted a blanket immunity for whitening black money in a bid to bring them into the mainstream economy and generate more revenues and jobs.
7 January 2021
More rice import to boost reserve
In a bid to boost food grain reserve, the Cabinet Committee on Government Purchase yesterday approved a proposal for procuring 2.5 lakh tonnes of rice.
6 January 2021
World Bank revises up GDP growth projection
The World Bank has revised its GDP growth projection upwards for Bangladesh to 2 per cent for the last fiscal year, although the figure is still far lower than the government’s estimate.
6 January 2021
Amnesty for realtors behind money whitening binge
Finance Minister AHM Mustafa Kamal yesterday said that black money whitening has increased in the country as the government has given the scope to invest untaxed income in the housing sector.
6 January 2021
Kushtia Medical College, Hospital Project: A deadline that would never end
Around eight years ago, the government had approved a project to establish Kushtia Medical College and Hospital between January 2012 and December 2014 at the cost of Tk 275.44 crore.
5 January 2021
14cr to get Covid vaccine in phases
The government will inoculate in phases nearly 14 crore people against Covid-19 with double-dose vaccine from the COVAX facility under a Tk 6,786 crore pandemic preparedness project.
5 January 2021
Inflation averages 5.69pc in 2020, a 3yr high
Average inflation rose to a three-year high of 5.69 per cent in the just-concluded calendar year as food prices maintained an upward trend for most of 2020.
5 January 2021
Record Tk 10,220cr black money legalised in Jul-Dec
Black money-holders legalised the highest amount of undeclared assets in history in just six months of the current fiscal year as no government agency now raises questions about some sources of incomes due to a waiver announced in the budget.
4 January 2021
Dragging on for a decade
A project on the construction of Chattogram City Outer Ring Road -- that was taken around ten years back in 2011 with four-year completion period -- is yet to be completed.
4 January 2021
With no questions being asked, a record Tk 10,220cr black money legalised between Jul-Dec
Black-money-holders legalised the highest amount of undeclared assets in history in just six months of the current fiscal year as no government agencies now ask questions about the sources of incomes.
4 January 2021
Budget to see major cuts as earnings, spending drop
The government is likely to downsize its income and expenditure targets in the revised budget because of lower revenue growth, slower implementation of development programmes and a fall in spending due to the pandemic.
3 January 2021
Digital wage pays off for workers: WB
Wage disbursements through digital payment methods is beneficial for employees as it helps increase savings and improves their ability to mitigate unanticipated financial shocks, according to a recent World Bank (WB) study.
2 January 2021
Bangladesh Economy 2020: Rising from the rubble
The year 2020 began with a cloud of uncertainty hanging over the horizon. The novel coronavirus was spreading in Europe, the destination of over 60 percent exports from Bangladesh, after wreaking havoc in China, its largest trading partner.
31 December 2020
Govt plans to import 10 lakh tonnes of rice
The government will import at least 10 lakh tonnes of rice from different countries to boost the food grain reserve amid growing concerns over the second wave of the Covid-19 pandemic.
30 December 2020
Cox’s Bazar Runway Expansion: Cabinet okays company appointment
A joint venture company that includes China Civil Engineering Construction Corporation (CCECC) has been awarded the Cox’s Bazar airport runway expansion work for Tk 1,568.86 crore.
30 December 2020
Tk 89,500cr in GDP lost to pandemic
The Covid-19 pandemic has caused Bangladesh Tk 89,500 crore in GDP losses at current prices in the last fiscal year, according to a summary report of the government.
29 December 2020
Volatile Rice Market: Import eased as prices soar
The government is going to allow the private sector to import six lakh tonnes of rice with 25 percent duty to stabilise the rice market.
27 December 2020
Budget execution faces roadblocks
Bangladesh’s external sector came under stress in January after the outbreak of coronavirus disease in China, the country’s largest trading partner, slowed global trade, thus impacting the economy to some extent.
27 December 2020
Covid poses challenges for LDC graduation
Bangladesh is set to graduate from the group of the least-developed countries but will face some challenges during the transition period because of the devastating impacts of the coronavirus pandemic, said a United Nations agency.
26 December 2020