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Search results for: economy

Tobacco gets costlier

-- June 13, 2019 18:39:56

The use of tobacco products, including cigarette, bidi, zarda and gul are going to be costlier from the next 2019-20 fiscal year. “Considering the health-risk and harmful effects of 92 tobacco...

Tk 1.0b earmarked for startups

-- June 13, 2019 18:25:24

As the government wants to use the full potential of demographic dividend, an amount of Tk 1.0 billion has been earmarked in the proposed national budget for fiscal 2019-20 as startup capital to promo...

Incentives on remittance from this year 

-- June 13, 2019 18:24:39

Finance Minister AHM Mustafa Kamal on Thursday proposed to allocate Tk 30.6 billion to provide incentives on the money that expatriates send back as remittance. The incentives will be given at the r...

Tk 645m for interest-free microcredit to alleviate poverty  

-- June 13, 2019 18:02:50

The government has allocated Tk 645 million in the newly proposed budget for interest-free microcredit for poverty reduction programme. Finance Minister AHM Mustafa Kamal said Bangabandhu Sheikh Muji...

Budget 2019-20: Some important features

UNB June 13, 2019 17:54:38

Here are some important features of the new national budget placed by Finance Minister AHM Mustafa Kamal in Parliament on Thursday. *Import volume now $58.9 billion *Export volume $37 billion *Foreig...

Govt projects 5.5pc inflation in FY20

-- June 13, 2019 17:35:37

In the fiscal 2019-20 (FY20), the government has targeted to achieve 8.2 per cent GDP growth containing the inflation rate below 5.5 per cent. The targets were fixed in the proposed budget placed in...

Foreign exchange reserve now $33b

-- June 13, 2019 17:35:23

Country’s foreign exchange reserve now stands at US$33 billion. Finance Minister AHM Mustafa Kamal came up with the statistics while placing the national budget for 2019-20 fiscal year in Parli...

Tax-free income limit unchanged

-- June 13, 2019 17:30:29

AHM Mustafa Kamal has proposed keeping tax-free income limit for individuals and corporate tax rates unchanged in his maiden budget. In parliament on Thursday, the finance minister noted that general...

Finance minister proposes 15pc tax on stock dividend

-- June 13, 2019 17:27:44

The government moves to impose 15 percent tax on stock dividends for the new fiscal year. In his budget speech presented in parliament on Thursday, Finance Minister AHM Mustafa Kamal said: “We...

BD targets 8.2pc economic growth in new fiscal year

-- June 13, 2019 17:18:51

Bangladesh is targeting 8.2 per cent GDP growth in the new fiscal year. In his budget speech presented on Thursday, Finance Minister AHM Mustafa Kamal said our GDP grew consistently at a very high ra...

Govt plans to create 10m jobs

-- June 13, 2019 17:18:31

The government expects to create some 10 million new jobs by establishing 100 Economic Zones (EZs) across the country. Finance Minister AHM Mustafa Kamal came up with the plan while placing the propo...

Kamal places Tk 5.23 trillion-plus budget

FE Online Desk June 13, 2019 15:45:22

Finance minister AHM Mustafa Kamal has placed a budget of over Tk 5.23 trillion (Tk 5,23,190 crore), which is 18.1 per cent of GDP, for fiscal year 2019-20 in parliament. He placed the budget, u...

Kamal starts unfolding budget for FY20

-- June 13, 2019 15:21:49

Finance Minister AHM Mustafa Kamal has started rolling out the national budget, believed to be over Tk 5.23 trillion (Tk 5,23,190 crore), for the financial year 2019-20 (FY20) at the Jatiya...

Cabinet approves budget for next fiscal

-- June 13, 2019 14:51:37

The cabinet at a special meeting on Thursday approved the proposed national budget for the fiscal year 2019-2020. Prime Minister Sheikh Hasina presided over the meeting held at the cabinet room of th...

UK housing market gets some relief from Brexit delay

-- June 13, 2019 12:34:32

The housing market of Britain steadied in May and a measure of prices improved as the delay in the country’s European Union exit gave some encouragement to buyers, a survey showed on Thursday....

Banks’ provision shortfall soars

FE Report June 13, 2019 12:17:20

Overall shortfall in provision against bank loans swelled by nearly 34 per cent or Tk 22.47 billion in the first quarter (Q1) of the current calendar year. The aggregate amount of provisioning shor...

Kamal unpacks maiden budget today

Jasim Uddin Haroon June 13, 2019 09:29:14

The government releases the budget for fiscal year 2019-20 today (Thursday) setting higher growth target, despite a number of domestic challenges. People familiar with the budget preparation said the...

Govt slashes bank borrowing by 26pc

FE Report June 13, 2019 09:24:32

The government has scaled down its bank borrowing target by more than 26 per cent for the outgoing fiscal year (FY), mainly due to the lower implementation of the annual development programme (ADP)....

Chronology of national budget

-- June 12, 2019 18:21:13

Finance Minister AHM Mustafa Kamal is set to place the national budget for 2019-20 fiscal year at the Jatiya Sangsad on Thursday. This will be the country’s 48th budget and the 20th of the Awam...

Benapole port earns Tk 51.85b revenue in FY19

-- June 12, 2019 11:31:35

Benapole port has earned Tk 51.85 billion revenue in the current fiscal year, said Mamunur Rahman, Deputy Director of Benapole Port Authority. A record quantity of goods was imported from India in th...

Expectations low for Trump-Xi talks

Reuters June 12, 2019 11:26:56

With under three weeks to go before proposed talks between the Chinese and US leaders, expectations for progress toward ending the trade war are low and sources say there has been little preparation f...

BB set to form body to offer ways to cut NPLs

Siddique Islam June 12, 2019 09:47:04

The central bank has decided to form a high-powered committee to recommend measures for reducing the volume of classified loans in the country's banking system. The decision was taken at an emergency...

'Govt should pay Tk 5,000 as compensation to each affected farmer'

-- June 11, 2019 19:10:44

The Centre for Policy Dialogue (CPD) has suggested the government give Taka 5,000 in compensation to each of the farmers, who did not get the desired price of their paddy this season. The independent...

Macroeconomics under pressure: CPD

-- June 11, 2019 18:16:01

The country's macroeconomics is currently under pressure, claimed Dr Debapriya Bhattacharya, distinguished fellow of Centre for Policy Dialogue (CPD) on Tuesday. He attributed the problem to revenue...

S Korea's state benefit for unemployed hit record high in May

-- June 11, 2019 14:27:04

South Korea's state benefit for the unemployed and job-seekers hit a record high in May on an increased benefit and the higher number of beneficiaries, a government report showed Tuesday. The state a...

RMG sector posts 12.82pc rise in 11 months

-- June 11, 2019 11:12:04

The country’s export earnings from Ready-Made Garment (RMG) sector earned $31.73 billion in the first 11 months of the fiscal (July to May), up 12.82 per cent from the corresponding period of th...

'Dramatic' fall in car output hits UK economy

-- June 10, 2019 17:01:37

A 'dramatic' fall in car production and an easing of stockpiling by manufacturers meant the economy shrank in April, official figures show. The economy contracted 0.4 per cent from the month before,...

Brexit uncertainty poses risk for BD economy

FE Report June 10, 2019 09:34:54

The Brexit uncertainty poses a "risk" to South Asian economies including Bangladesh due to having generalised system of preferences (GSP) with the European Union (EU) and a significant export to the U...

Bank borrowing to grow as revenue shortfall weighs in

Siddique Islam June 10, 2019 09:27:32

The government's bank borrowing is set to rise further in June as the execution of the Annual Development Programme (ADP) gained momentum, but revenue collection fell short of target. The authorities...

Little progress in tapping blue economy potentials

Mir Mostafizur Rahaman June 09, 2019 09:10:40

Bangladesh appears to have made little progress in exploiting its "huge" blue economy potentials, according to a recent report. The contribution of the ocean economy to the total economy was 3.66 per...