VAT rate may be cut to flat 12pc
The government is likely to set a flat 12 percent VAT rate by amending the new VAT law in the face of demands from various quarters, according to finance ministry officials.
10 May 2017
$16b plan to up education quality
The government plans to take up a massive $16 billion programme for secondary education to transform the sector by improving the quality of education and developing employability skills of secondary graduates.
9 May 2017
Finance ministry in favour of firms investing abroad
The banking division is in favour of allowing local businesses to invest abroad -- a stark contrast to the central bank's stance on the
7 May 2017
Govt to set ambitious aid spending target
The government is set to lay down an ambitious foreign aid utilisation target for next fiscal year with the aim of
6 May 2017
$6-9b lost in 2014
Bangladesh has lost between $6 billion and $9 billion to illicit money outflows in 2014, according to a Global Financial Integrity (GFI) report.
2 May 2017
Sovereign wealth fund, taka bond plans scrapped: Muhith
The government may not go ahead with its plans to set up a $10 billion sovereign wealth fund in the end -- in what
24 April 2017
Teesta issue will be resolved soon
Reiterating Indian Prime Minister Narendra Modi's commitment over Teesta water- sharing deal with Bangladesh, its Finance Minister Arun Jaitley yesterday said the issue would be resolved very soon.
23 April 2017
Devise ways to manage public investment efficiently: WB
Bangladesh needs to identify the barriers that are preventing the country from better managing public investment and use the $35
22 April 2017
4G auction after budget: Muhith
The auction of the 4G spectrum will take place after the announcement of the national budget for next fiscal year,
22 April 2017
No compromise on 15pc VAT
Finance Minister AMA Muhith yesterday said there would be no changes in the government plan to implement a uniform 15 percent VAT rate from July.
21 April 2017
NDB likely to add 15 new members
Finance Minister AMA Muhith has said the New Development Bank (NDB), a multilateral development bank set up by the BRICS states, is
21 April 2017
Muhith plans an ambitious budget
Budget deficit may exceed 5 percent of GDP in fiscal 2017-18, breaking out from years-long practice with the view
15 April 2017
Domestic borrowing remains sluggish
The government's net domestic borrowing in the first seven months of the fiscal year was only 17.9 percent of the target, mainly due
13 April 2017
Development spending still not picking up
Less than half of the development budget could be spent in the first nine months of fiscal 2016-17 but the planning ministry is still hopeful that full implementation would be possible in the remaining three months.
12 April 2017
Economic zones get priority in new Indian credit
Developing special economic zones will be one of the agendas of the new $4.5 billion Indian line of credit to
9 April 2017
Indian Line of Credit: Fresh $5b likely amid slow use of previous $3b
Bangladesh has been slow in using up the previous $3 billion of Indian credit due to procedural flaws mainly on Dhaka's part.
7 April 2017
Summit Group to get nod for LNG terminal this week
Summit Group will receive a final nod from the government to set up a floating liquefied natural gas terminal on Moheshkhali Island in Cox's Bazar at a cost of $500 million.
3 April 2017
Budget to be revised down 7.4pc
The government is set to revise down this fiscal year's budget by 7.4 percent, with the non-development sector taking the hit mostly.
2 April 2017
Cyber Threat Detection, Response: Govt to install tools for constant watch
The government is going to install internet monitoring equipment by May next year to help combat militancy amid growing concerns about extremists using the internet to spread their propaganda and communicate amongst themselves.
28 March 2017
AIIB to provide $60m to boost gas supply
The Asian Infrastructure Investment Bank is set to provide $60 million for a project to address Bangladesh's gas
28 March 2017