This is a repeated attempt of Finance Minister AMA Muhith to impose VAT on e-commerce business on the platform’s rising popularity for its convenience.

Allocation for the telecom and ICT ministry declines about 6.64 per cent to 6,064 crore in the proposed budget of 2018-19 fiscal which is placed by Finance Minister MA Muhith at the Jatiya Sangsad.

Finance Minister AMA Muhith has opted to go green and discourage people from using polythene products and poly-packaging.

Bad news for the middle-income group as the government is opted to impose higher VAT rates for smaller apartments at a time when sales have picked up.

​Finance Minister Abul Maal Abdul Muhith rolls out a Tk 4,64,573 crore national budget for fiscal year 2018-19 setting the GDP growth target at 7.8 percent and outlining a set of plans-strategies to build a prosperous, happy and peaceful country.

Finance Minister Abul Maal Abdul Muhith will address a post budget press briefing tomorrow, according to a finance ministry press release.

One Bank has recently witnessed the reelection of its chairman, Sayeed H Chowdhury, vice president, Asoke Das Gupta, and chairman of its executive committee, Zahur Ullah.

Azam J Chowdhury has recently been re-elected as the chairman of Prime Bank for a two-year term.

The Bangladesh Telecommunication Regulatory Commission (BTRC) has decided to award telecom tower licences to four companies.

Shariah-based banks secured as much as 22.31 percent credit growth last year, way higher than the whole banking industry's average of 18.66 percent, a survey found.

There will not be any provision to legalise black money in the upcoming budget, said Finance Minister AMA Muhith yesterday, quashing the hopes of various quarters.

Twelve banks faced a provisioning shortfall of Tk 10,596 crore in the first three months of the year, a development that will compel banks to hike their interest rate on lending to ensure net profits.

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.

Bangladesh witnesses a declining trend in inflation in last eight consecutive months as the country’s general inflation rate came down to 5.57 percent in May from 6.04 percent in October last year.

The budget session for the 2018-19 fiscal of the 10th Jatiya Sangsad (JS) begins.

Bangladesh’s telecom authority says they will keep landlines and internet off in Dhaka’s commercial hub Motijheel from June 8-11.

The budget implementation rate has been falling consistently for the last seven fiscal years, exposing poor capacity of government agencies and the widening gap between planning and execution.

At least 12 trucks carrying imported goods from India are gutted as a fire breaks out at a truck terminal of Benapole land port in Jessore.

Experts yesterday demanded that the upcoming budget contain a clear indication that a “banking reform commission” would be immediately formed to address the prevailing vulnerable situation in the banking sector.

BASIC Bank's former chairman Sheikh Abdul Hye Bacchu is being interrogated by Anti-Corruption Commission (ACC) over loan scams worth Tk 4,500 crore.