Subsidy to soar 37pc next fiscal year
Expenditure on subsidy is set to soar about 37 percent in fiscal 2016-17 from that in the current year owing to food distribution at lower prices through public channels and opening up of new sectors to financial support.
6 June 2016
BPC profits to treble this year
Bangladesh Petroleum Corporation is set to log in profit of Tk 12,186 crore for fiscal 2015-16, which is three times
4 June 2016
Safety net outlay to go up 16pc
The allocation for safety net programmes is set to rise about 16 percent year-on-year to Tk 43,500 crore in the
31 May 2016
Muhith to cut handouts for state banks by half
The allocation for state banks' recapitalisation is set to be slashed by more than half in the forthcoming budget -- the strongest indication yet of the government's intent to crack down on the lenders' errant ways.
30 May 2016
Mega-projects to get Tk 18,700cr
The government will announce a separate roadmap for the first time for 10 mega-projects, for which about Tk
29 May 2016
Unused foreign funds hit new high of $23b
The amount of unused foreign aid in the pipeline reached a new high of $22.95 billion in March as the government
28 May 2016
Gas subsidy in the offing
The government plans to set aside funds for gas subsidy in the upcoming fiscal year though it shook off the burden of fuel subsidies
26 May 2016
A holdup in new VAT law
The government may put the new VAT law on hold for another year in the face of opposition by business leaders.
25 May 2016
Private sector credit growth beats target
Private sector credit growth has surpassed the target set in the central bank's monetary policy -- three months ahead of the end of the fiscal year -- thanks to low interest rates and less borrowing by the government.
23 May 2016
Banks cut back only 17pc of written-off loans in 13 years
Banks cut back only about 17 percent of their written-off loans in the last 13 years despite several initiatives to
21 May 2016
BB governor fires warning shots at state banks
Bangladesh Bank Governor Fazle Kabir yesterday cautioned four state-owned commercial banks and instructed them to grant loans
19 May 2016
Banks giving low-cost loans to manufacturers
Banks are providing industrial loans at a maximum cost of 6.5 percent -- which is almost half the going interest rates -- from a fund provided by the World Bank, a development that will put a smile on the faces of businesses.
18 May 2016
Loan defaults spiral back up
Loan defaults at banks rose 15.65 percent to Tk 59,411 crore in the first quarter of 2016 from the previous period
17 May 2016
Only half of ADP money spent in 10 months
The implementation of the annual development programme in the first ten months of the current fiscal year was only half the revised allocation, mainly due to low spending on the Padma bridge project.
16 May 2016
Put pressure on Rizal Bank to return stolen funds
The parliamentary standing committee on the finance ministry has called for global pressure on Manila-based Rizal Bank to retrieve the
15 May 2016
Envoy confident entire BB fund will be retrieved
The Bangladesh embassy in the Philippines is confident that the entire amount of the stolen money from the central
14 May 2016
Safety net spending to rise 19pc next fiscal year
Expenditure under the social safety net programme, including allowance for the elderly and widows, will see a 19 percent rise in the next fiscal year.
9 May 2016
BB cranks up pressure on Fed, SWIFT to retrieve funds
Bangladesh Bank has taken a new step to put pressure on the Federal Reserve Bank of New York and SWIFT in a bid
8 May 2016
Ministry to propose 20pc bigger ADP
The planning ministry is set to propose increasing the outlay for the annual development programme to Tk 109,200
8 May 2016
Subsidies face deep cuts
Subsidies are set to be cut by 25.93 percent in the revised budget for this fiscal year due to the decline in fuel and
8 May 2016