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Search results for: economy

No liquidity crisis in banking sector: PM

-- June 17, 2019 18:41:28

Prime Minister Sheikh Hasina on Monday told Parliament that there is no liquidity crisis in the banking sector insisting that certainly there is money in banks. “It’s said there’s n...

Parliament passes supplementary budget for FY19

-- June 17, 2019 18:27:42

The parliament has passed the supplementary budget of over Taka 151.66 billion for the outgoing 2018-19 fiscal to meet the increased expenditures under different ministries and divisions. Finance Min...

India could benefit from US-China trade war: Study

-- June 17, 2019 15:27:27

The ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries, according to a study. The...

SoEs on track to rack up Tk 56b losses next fiscal

FE Report June 17, 2019 09:54:01

The government said state-owned enterprises (SoEs) will incur a loss of Tk 56.7 billion in the next fiscal year, accentuated by rising price of fuel in the international market. The forecast is highe...

IMF mission sounds alarm as banks' stressed assets soar

Siddique Islam June 17, 2019 09:40:27

The International Monetary Fund (IMF) has expressed concern over the rising trend in stressed assets in the banking sector. The Washington-based lender recommended that the quality of assets should b...

Tax on retained earnings: Listed cos fear stunted growth

Mohammad Mufazzal June 17, 2019 09:35:43

A total of 209 listed companies will have to pay an additional Tk 107.92 billion if the proposed 15 per cent tax on 'reserves and retained earnings' is implemented. Officials concerned said a large n...

Country devising ways to offset cash incentives withdrawal

Syful Islam June 17, 2019 09:27:39

The ministry of commerce is devising a mechanism on how to keep the country's export sector competitive without providing cash incentives in the post-LDC era, officials said. The idea is being worked...

New budget frustrates RMG accessories makers

FE Report June 16, 2019 10:22:24

Garment accessories makers have urged the government to provide them with equal budgetary facilities as proposed for the country's readymade garment (RMG) sector. Bangladesh Garments Accessories an...

'NBR needs extensive reform to boost its capacity'

FE Report June 16, 2019 09:59:36

Planning minister MA Mannan said on Saturday the National Board of Revenue (NBR) needs extensive reforms to boost its capacity as the national tax body. He, however, said the much-needed transformati...

Capital market: Budgetary measures draw mixed reaction

Mohammad Mufazzal June 16, 2019 09:43:44

The market operators and experts have expressed their mixed reaction to the measures announced for the country's capital market in the budget proposed for the fiscal year (FY) 2019-20. Hailing the pr...

Govt reliance on savings tools faces huge cut

FHM Humayan Kabir June 16, 2019 09:25:52

The government has targeted cutting its borrowing target from the national savings certificates(NSC) by 42 per cent in the next three fiscals aimed at reducing fiscal risk, according to official docum...

US needs to heed China's call to return to trade talks

Global Times June 15, 2019 17:24:50

If the Trump administration continues its condescending attitude toward China while refusing to take Beijing as an equal negotiating partner and to make long-overdue compromises on China's legitimate...

FBCCI welcomes scope for whitening black money

-- June 15, 2019 16:18:01

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has welcomed the black money whitening facility in the proposed budget national budget for the 2019-20 fiscal year. The apex tra...

Gono Forum rejects budget

-- June 15, 2019 15:13:19

Gono Forum on Saturday turned down the national budget for 2019-20 saying it has been formulated to protect the interest of a handful of businesspeople and politicians ignoring people. "This is no...

IMF mission to visit Bangladesh on June 16-27

Siddique Islam June 15, 2019 10:40:49

A mission of the International Monetary Fund (IMF) is scheduled to visit the country from June 16 (tomorrow) to June 27 to review the overall macro-economic situation. The IMF Article IV Consultati...

It doesn't matter if China's Xi attends G20: Trump

-- June 15, 2019 10:33:41

US President Donald Trump said “it doesn’t matter” if Chinese leader Xi Jinping attends the Group of 20 summit later this month in the Japanese city of Osaka, predicting a trade deal...

BKMEA wants SRO to keep 0.25pc TDS

FE Report June 15, 2019 10:26:46

The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) hailed the budget proposed for the next fiscal year (FY) as the latter has kept the fiscal incentives for textile sector unchang...

Govt’s bank borrowing to strain liquidity situation: FICCI

FE Report June 15, 2019 10:15:45

Foreign Investors' Chamber of Commerce & Industry (FICCI) has termed the implementation of the proposed national budget for the fiscal year 2019-20 as challenging one. "A huge deficit financing f...

Higher revenue target to trouble taxpayers: MCCI

FE Report June 15, 2019 09:47:46

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) said on Friday the higher revenue collection target would create pressure on existing taxpayers. The chamber expressed its utter disapp...

Defiant pvt banks to face stern actions: PM

FE Report June 15, 2019 09:38:21

Prime Minister Sheikh Hasina warned Friday of stringent measures against private banks who are defying the directive to lower the interest rate to single-digit. "We're always in favour of single-digi...

TIB says opportunity of whitening black money unconstitutional

FE Online Report June 14, 2019 20:36:01

Transparency International, Bangladesh (TIB) on Friday said the opportunity of whitening black money in the proposed national budget as unconstitutional, discriminatory and corruption friendly. In th...

Some people find faults in everything: PM

-- June 14, 2019 17:35:10

Taking a swipe at the critics of the newly-unveiled national budget, Prime Minister Sheikh Hasina on Friday said there are some people who find faults in everything as this is a kind of mental sicknes...

Highlights of budget for FY20

FE Online Desk June 14, 2019 17:16:24

The government placed Tk.5.23 trillion budget for the fiscal year (FY) 2019-20 in the parliament on Thursday. Some highlights of the proposed budget  are given bellow: Tk.5.23 trillion budget...

Govt targets double-digit GDP growth in FY24

-- June 14, 2019 16:25:26

Prime Minister Sheikh Hasina on Friday said her government has planned to take the country's GDP growth to 10 per cent in the 2023-'24 fiscal year. The Prime Minister said this while briefing the med...

PM addressing press conference on budget

FE Online Desk June 14, 2019 15:24:08

Prime Minister Sheikh Hasina started addressing a press conference at 3:00pm on Friday on budget at Bangabandhu International Conference Centre in Dhaka as Finance Minister AHM Mustafa Kamal fell ill....

Budget promise-packed, bereft of clarity: CPD

-- June 14, 2019 14:40:17

The Centre for Policy Dialogue says the proposed budget is full of promises, with no specific ways to implement it. The think-tank’s formal reaction came a day after Finance Minister AHM Mustaf...

PM to hold post-budget briefing today

-- June 14, 2019 13:39:00

Sheikh Hasina will hold a media briefing on budget at Bangabandhu International Conference Centre in Dhaka at 3:00pm Friday for the first time, as Finance Minister AHM Mustafa Kamal has been taken ill...

Economists expect Fed to cut rates: survey

-- June 14, 2019 11:53:48

The Wall Street Journal reported Thursday that more than three quarters of the economists polled by the newspaper expected the US Federal Reserve to cut interest rates. On the timing of the policy mo...

29.45pc hike in allocation for technical, madrasa edn

FE Report June 14, 2019 11:48:55

The government has proposed to increase allocation for the development and modernisation of technical and madrasa education by 29.45 per cent to Tk74.54 billion from Tk57.58 billion. Finance Minister...

Tk 1.0b kept aside to rehabilitate river erosion victims

FE Report June 14, 2019 11:40:30

For the first time, the national budget has proposed allocation of Tk1.0 billion to facilitate rehabilitation of the people affected by river erosion. Finance Minister AHM Mustafa Kamal on Thursday m...