Loading...
alamgir ranch -->

Search results for: Bangladesh

Stocks open lower on post-budget session

Stocks open lower on post-budget session

FE ONLINE REPORT 2022-06-12 11:56:18

The market opened lower on Sunday, the first session after unveiling the national budget, as there were mixed investor reactions to the proposed budget. DSEX, the prime index of the Dhaka Stock Excha...

CSE for continuation of money whitening thru stock market

CSE for continuation of money whitening thru stock market

FE REPORT 2022-06-12 09:48:09

Chittagong Stock Exchange (CSE) has made a set of demands including the reconsideration of the scope of whitening undisclosed money through capital market by individual taxpayers. The port city b...

Swindled money repatriation: UnSy urges rethinking of decision

Swindled money repatriation: UnSy urges rethinking of decision

FE REPORT 2022-06-12 09:21:41

Local think-tank Unnayan Shamannay (UnSy) urges the government to reconsider its decision to allow launderers to bring back their money from abroad through paying some penalty. If such scheme is in p...

Economists slam less than expected SSNP allocation

Economists slam less than expected SSNP allocation

FHM HUMAYAN KABIR 2022-06-12 09:04:09

Economists have strongly criticised reduction in budgetary allocations for social safety-net programmes (SSNP) amid higher inflationary pressure in the country. When vulnerable groups have the possib...

Govt liabilities over SOEs' loan guarantees growing

Govt liabilities over SOEs' loan guarantees growing

JASIM UDDIN HAROON 2022-06-12 08:41:09

Government liabities over outstanding loans of the state-owned enterprises (SOEs) goes ballooning as they owe Tk 926.01 billion to local and foreign lenders, sources say. The SOE debt overhang, fol...

Proposed budget keeps low-income people under tax net: Wahiduddin Mahmud

Proposed budget keeps low-income people under tax net: Wahiduddin Mahmud

-- 2022-06-11 23:01:59

Renowned economist Professor Wahiduddin Mahmud has said proposed budget for upcoming fiscal year has kept low-income people under provision of income tax, avoiding effective measures against tax dodgi...

Abdur Rouf Talukder named central bank governor

Abdur Rouf Talukder named central bank governor

FE ONLINE DESK 2022-06-11 17:05:16

Finance Secretary Abdur Rouf Talukder will lead the Bangladesh Bank as the governor for the next four years, the finance ministry's Financial Institutions Division said in a notice on Saturday. Accor...

Children get little attention in budget

Children get little attention in budget

SAJIBUR RAHMAN 2022-06-11 13:45:25

Like last two consecutive fiscal years, the child-centric budget report has not been published this year too, thus indicating the government's little attention on their development and wellbeing. T...

Weekly market review: Budgetary hopes keep stocks afloat

Weekly market review: Budgetary hopes keep stocks afloat

BABUL BARMAN 2022-06-11 10:47:13

Stocks extended the gaining streak for a second straight week to Thursday as bargain hunters put fresh bets on selective issues, with an eye on the national budget. Finance Minister AHM Mustafa Kam...

BCI sees FY23 budget as 'time-befitting'

BCI sees FY23 budget as 'time-befitting'

FE REPORT 2022-06-11 09:40:53

The Bangladesh Chamber of Industries (BCI) hails the proposed national budget as 'time-befitting' as it attempted to prioritise people's needs amid challenges from the pandemic and the war. It, how...

Be frugal in forex spending, suggests MCCI

Be frugal in forex spending, suggests MCCI

FE REPORT 2022-06-11 09:00:26

Hailing the Tk 6.78-trillion national budget proposed amid ongoing global uncertainties, Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) suggests the government to be frugal in spending...

DSE hails budget for economic dev plan

DSE hails budget for economic dev plan

FE REPORT 2022-06-11 08:45:45

The Dhaka Stock Exchange (DSE) welcomed the proposed budget for the fiscal year (FY) 2022-23 as a 'far-reaching plan' for the country's overall economic development. Finance Minister A H M Mustafa...

‘Bangladesh conducts feasibility studies on 23 countries for inking trade deals’

‘Bangladesh conducts feasibility studies on 23 countries for inking trade deals’

-- 2022-06-10 18:07:01

Foreign Minister AK Abdul Momen has said Dhaka has already conducted feasibility studies on 23 countries for inking different kinds of economic deals while the country is opening up new markets to rea...

Bangladesh eyes JICA's support for economic development

Bangladesh eyes JICA's support for economic development

-- 2022-06-10 17:59:16

While looking back on the cooperation with JICA so far, speakers at a seminar in Tokyo on Friday explored ways to further strengthen the partnership with Bangladesh in the future. They said reaching...

Budget falls short in addressing inflationary issues adequately: CPD

Budget falls short in addressing inflationary issues adequately: CPD

-- 2022-06-10 16:54:45

The Centre for Policy Dialogue (CPD) says the proposed budget for fiscal 2022-23 falls short of the mark in terms of addressing the inflationary issues facing the country and assuring citizens of keep...

Budget to make economy stronger, says Kamal

Budget to make economy stronger, says Kamal

-- 2022-06-10 16:42:21

Finance Minister AHM Mustafa Kamal on Friday hoped that the implementation of the proposed national budget for FY2022-2023 would make the economy stronger and more vibrant. “Hopefully our econo...

Targeting 5.6pc inflation quite ambitious: SANEM

Targeting 5.6pc inflation quite ambitious: SANEM

FE REPORT 2022-06-10 08:36:24

Due to the current context and shifting of global economic factors, the target of limiting average inflation to 5.6 per cent in the next fiscal is quite ambitious, said the South Asian Network on Ec...

Govt to borrow Tk 2.41tn to meet budget deficit

Govt to borrow Tk 2.41tn to meet budget deficit

FE REPORT 2022-06-10 08:27:41

Government borrowing from both foreign and domestic sources is set to increase by more than 20 per cent in the next fiscal year to meet the budget deficit. According to the proposed budget, it's ex...

Chamber leaders hail budget, make their points

Chamber leaders hail budget, make their points

FE REPORT 2022-06-10 08:27:25

Different chamber leaders hailed the budget for the new fiscal year and also came up with their own suggestions in their instant reactions. Hailing the proposed budget for the fiscal year 2022-23,...

'Inflation-control tools not enough'

'Inflation-control tools not enough'

FE REPORT 2022-06-10 08:25:29

Economists expressed mixed reaction over the proposed budget as those who talked to the FE were critical of government measures meant to tame inflationary pressures on public life in particular. Dr...

CPD sees measures 'insufficient', 'incomplete'

CPD sees measures 'insufficient', 'incomplete'

FE REPORT 2022-06-10 08:24:51

The Centre for Policy Dialogue (CPD) terms the proposed budgetary measures to overcome existing challenges in fiscal year (FY) 2022-23 'insufficient and incomplete'. It says people of the upper-inc...

Budget skips austerity

Budget skips austerity

JASIM UDDIN HAROON 2022-06-10 08:16:05

Higher growth through economic rebound on higher spending by holding fired-up inflation in check features a Tk 6.78-trillion new budget the government announced Thursday. With inflationary pressure o...

Bangladesh to lift income tax return exemption for NRBs, digital service providers

Bangladesh to lift income tax return exemption for NRBs, digital service providers

-- 2022-06-09 22:05:22

The finance minister has proposed withdrawing the provision of exempting expatriate Bangladeshis and digital service providers from submitting income tax returns.Presenting the FY 2022-23 budget on Th...

Government to cut utility services for tax, VAT dodgers

Government to cut utility services for tax, VAT dodgers

-- 2022-06-09 22:01:53

Finance Minister AHM Mustafa Kamal has called for measures to empower the authorities to snap the utility connections, such as gas, electricity and water, to those who fail to pay undisputed taxes. H...

VAT imposed on meditation services in FY23

VAT imposed on meditation services in FY23

FE ONLINE REPORT 2022-06-09 21:16:36

The government has proposed to impose VAT on meditation services again after three years of exemption. “I propose to withdraw the existing VAT exemption on ‘Meditation Services’, sa...

Importing aircraft in FY23 to get cheaper

Importing aircraft in FY23 to get cheaper

FE ONLINE REPORT 2022-06-09 20:33:01

The government plans to propose Advance Tax (AT) exemption for the import of aircraft by registered organisations. Finance Minister AHM Mustafa Kamal made the statement while placing the proposed nat...

Defence budget increased by 7.1pc

Defence budget increased by 7.1pc

-- 2022-06-09 20:28:27

The allocation for the Defence Ministry in the proposed budget for the fiscal year 2022-23, has been increased by Tk 26.69 billion, a  7.1 per cent increase, from that of the outgoing fiscal 2021...

Govt raises budget for environment protection

Govt raises budget for environment protection

FE ONLINE REPORT 2022-06-09 20:20:52

The government increased the budget allocation for the protection of the environment slightly in the proposed national budget for the 2022-23 fiscal year (FY23) taking the immense importance of enviro...

Tk 50b earmarked to combat pandemic in FY23 budget

Tk 50b earmarked to combat pandemic in FY23 budget

-- 2022-06-09 19:22:54

With an apprehension that Covid-19 can spread further anytime, Finance Minister AHM Mustafa Kamal proposed Tk 50 billion as block allocation in the next fiscal year to implement the emergency measures...

Tk 10.99b proposed for Information and Broadcasting Ministry in FY23 budget

Tk 10.99b proposed for Information and Broadcasting Ministry in FY23 budget

-- 2022-06-09 19:20:07

The government has proposed allocating Tk 10.99 billion for the Ministry of Information and Broadcasting in the national budget for the financial year (FY) 2022-23 which was Tk 10.61 billion in the re...