Project cost rises as size expands
The government is on its way to doubling the size of a planned permanent exhibition centre in Purbachal new town to hold the annual Dhaka International Trade Fair, thereby increasing the project cost by about 64 percent, despite a scarcity of land in the country.
9 July 2018
Foreign aid in pipeline: $44b
Unused foreign aid has reached a new high of $44.51 billion despite a record disbursement of development assistance in the last fiscal year, data from the Economic Relations Division showed.
7 July 2018
China, India lead way in foreign aid
Bangladesh last year received record sums of aid commitments from China and India as the two regional giants look to one up each
4 July 2018
Govt mulls Tk 519cr jute textile mill
The government is going to set up a specialised jute textile mill at a cost of Tk 519 crore although public sector textile and jute mills
2 July 2018
World Bank may provide $400m for Rohingyas
The World Bank (WB) will provide around $50 million grant in the first phase to improve the health of Rohingyas who fled Myanmar persecution and took shelter in Bangladesh.
28 June 2018
Money in Swiss Banks: Bangladeshis' deposits drop
Bangladeshi nationals' deposits in Swiss banks dropped 27 percent year-on-year in 2017 to 481.32 million Swiss francs or Tk 4,064 crore.
28 June 2018
560 Model Mosques: Govt to build them with its own finances
The government is going to build 560 model mosques in district and upazila towns across the country spending Tk 8,722 crore from its own resources as Saudi Arabia has not made the funds available.
25 June 2018
ADP spend far away from target
Ministries and divisions face an uphill task in June as they will have to spend about one-third of the development budget in one month to reach the government's ambitious ADP target.
24 June 2018
Subsidy outlay to spiral 80pc
Subsidy expenditure is set to increase 80.26 percent to Tk 37,804 crore in fiscal 2018-19 as the government looks to bankroll lower gas and fuel prices keeping an eye on the national election due to be held at the end of this year.
20 June 2018
UN, WB chiefs likely to visit Rohingya camps in Bangladesh
United Nations Secretary-General Antonio Guterres and the World Bank Group President Jim Yong Kim are likely to make a two-day official visit to Rohingya refugee camps in Cox’s Bazar district of Bangladesh on July 1.
16 June 2018
Credit from Japan to get costlier
Japan has raised the interest rate on loans given to Bangladesh -- following in the footsteps of the World Bank -- by 30 basis points to 1 percent effective from next fiscal year thanks to the rise of the country's per capita income.
14 June 2018
BPC profit nosedives
Bangladesh Petroleum Corporation's profit plummeted 45 percent in the first 10 months of the fiscal year due to the government's
11 June 2018
Budget for MPO Programme: Tk 432cr set aside for 1,000 more schools
The finance ministry has set aside Tk 432 crore to bring in a maximum of 1,000 secondary schools under Monthly Pay Order scheme in the next fiscal year.
10 June 2018
Bangladesh Economy: IMF sees three key risk factors
The IMF has identified risk factors in Bangladesh economy, including political unrest related to national elections, the Rohingya situation and further deepening of crises in the state owned banks.
9 June 2018
Safety Net Widens: Poor to benefit from electronic fund transfer
The government is going to bring another 12 lakh people under social safety net programmes in the next financial year with the introduction of an electronic fund transfer system to ensure that the money goes directly to the accounts of the beneficiaries.
7 June 2018
Fresh bailout for state banks
The government may again allocate Tk 2,000 crore to state-run banks in the upcoming budget to help them meet capital deficit, continuing its years-long “go easy” attitude towards the lenders despite their irresponsible lending practices.
4 June 2018
Tk 414 crore earmarked in upcoming budget
The government has earmarked Tk 414 crore in the Annual Development Programme of the upcoming budget for shifting one lakh Rohingyas to Bhashan Char in Noakhali.
4 June 2018
Interest payment to go up 24pc
The government's spending on interest payment is set to go up by 24 percent in the upcoming national budget compared to the
31 May 2018
Tax-free income limit to be raised
The government is likely to increase the tax-free income limit for individual taxpayers and slash the corporate tax rates to encourage
29 May 2018
Private pension shaping up
Finance Minister AMA Muhith will present a detailed outline of a private sector pension scheme in the upcoming budget with a plan to
28 May 2018