State coffer was topping up nicely before outbreak
crore in the first eight months of the fiscal year aided by healthy income tax generation but the shortfall against the government target has kept widening.
28 March 2020
Helping The Poor: Govt needs to do more, faster
Anwara Begum was seeking alms sitting in front of her shanty at the capital’s Bhashantek slum with the summer sun dipping towards the horizon yesterday.
27 March 2020
Govt seeks $1b from IMF, WB
Bangladesh yesterday sought $1 billion in support from the International Monetary Fund and the World Bank as the country looks to support its people, businesses and industries reeling from the coronavirus pandemic.
25 March 2020
Small victory for BB as NY court dismisses appeal challenging case
A US court has rejected an appeal that challenged a Bangladesh Bank case against a Filipino bank and others over $81 million reserve heist from its account with the New York Federal Reserve.
23 March 2020
Taming coronavirus rampage: Unprecedented bailout package on the way
The government is set to roll out a massive rescue package for the low-income group, businesses and industries, all of whom are bearing the brunt of the near-collapse economic activities brought on by the coronavirus pandemic.
23 March 2020
ADB keen to write a cheque of $500m
The Asian Development Bank may provide $500 million to Bangladesh initially as budget support in order to help the country improve its health system and assist the vulnerable groups as coronavirus is fast transmitting across the country.
21 March 2020
Govt seeks funds from development partners to fight coronavirus
The government is seeking funds from development partners to help the health ministry combat the spread of the novel coronavirus.
18 March 2020
Tk 100cr subsidy earmarked for farm machinery
The government is putting its best foot forward to help farmers buy agricultural machinery with subsidy ahead of the next boro season so that the growers can bring down their production costs, said officials of the agriculture ministry.
12 March 2020
Farmers can now fire up a mobile app to sell paddy to govt
Technology can change the world, it is often said. And the lives of the country’s 1.5 crore farm families, who are often shorn of fair prices, are about to change with the government move to purchase paddy from them by way of a mobile application.
11 March 2020
CAG and ACC can team up to crack down on swindlers
A common platform comprising the Office of Comptroller and Auditor General (OCAG) of Bangladesh and the Anti-Corruption Commission (ACC) is on the cards to apprehend the financial wrong-doers and punish them, said the country’s top auditor.
10 March 2020
Matarbari to play host to deep seaport
The government is set to construct a deep seaport at Matarbari in Cox’s Bazar to help the country handle rising volumes of exports and imports and ease the pressure on the Chattogram port.
10 March 2020
Bangabandhu Railway Bridge Project: Cost revised, goes up by 72pc
The cost of Bangabandhu Sheikh Mujib Railway Bridge Construction Project has gone up to Tk 16,781 crore from Tk 9,734 crore.
3 March 2020
ELECTRICITY gets costlier
At a time when people are grappling with high prices of many daily essentials, the government has hiked electricity prices.
27 February 2020
Coronavirus can’t tame Bangladesh’s growth momentum
Bangladesh’s export and import activities will both be affected by the coronavirus pandemic but the country would not face much difficulty in attaining its GDP growth target of 8.20 per cent for this fiscal year, according to an official document.
27 February 2020
Robust exchange rate critical for sustained growth
Poorly managed exchange rate, ad hoc-based incentive and existing domestic protection levels will not make Bangladesh’s exports competitive and help diversify both products and destinations, according to a new plan of the government.
25 February 2020
9 in 10 children suffer violent disciplining
Nine out of 10 children experience some form of violent disciplining by their caregivers, according to a recent survey by the Bangladesh Bureau of Statistics (BBS) and Unicef, released yesterday.
24 February 2020
Japanese firms to invest $6.4b
Major Japanese large firms are to invest about $6.4 billion to implement six infrastructure projects in Bangladesh under the public-private partnership model.
24 February 2020
Wealthy turned to post office accounts after savings certificate rules shut them out
A section of well-off people have apparently made a mad dash for post office accounts right after the government tightened rules on investment in high interest-bearing national savings certificates.
23 February 2020
Accident fatalities in Bangladesh: Good trends ‘undermined’
Between 1990 and 2017, the increase in the road crash fatality rate per capita was three times higher in Bangladesh than that across South Asia, according to a World Bank report.
22 February 2020
Relocation of chemical factories from Old Dhaka still uncertain
It took the government almost nine years to draw up a project for relocating chemical factories and warehouses from Old Dhaka’s Nimtoli where an inferno claimed 124 lives in 2010.
20 February 2020