Current News

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.

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 be improved immediately.

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 document.

The government’s target to raise private investment to 24.2 percent of GDP will be challenging given the trend in last several years and the ongoing liquidity crisis in the banking sector.

The National Board of Revenue will collect at least Tk 11,000 crore in additional taxes from the reserves of the listed companies if the Finance Bill 2019 that was placed with the budget proposal is passed, according to a Dhaka Stock Exchange analysis.

Dhaka stocks slumped on Sunday as investors becoming muddled following the government’s proposal to impose 15 per cent tax on the listed companies’ reserve and stock dividend, went for selling shares. Finance minister AHM Mustafa Kamal on June 13 placed before parliament the proposal in the budget for the next …

The Bangladesh Garment Manufacturers and Exporters Association on Sunday urged the government to increase the additional cash incentive against garment exports to three per cent from the proposed one per cent for the next fiscal year of 2019-20.

Four trade bodies of the information technology sector on Sunday urged the government to grant the evolving e-commerce sub-sector a respite from the additional tax burden which was slapped on it in the proposed budget for 2019-20.

Modern development and Internet technologies are one of Bangladesh’s most promising industries, with several growth drivers, such as a large number of talented young professionals, a collaborative environment with the government, the dynamic leadership of the Bangladesh Software and Information Service Association (BASIS) and positive media participation. information.

A total of 209 publicly traded companies now have to pay a tax of Tk10,792 crore as the government has proposed to impose 15% tax on excess reserve exceeding 50% of the company’s paid up capital.