Real-Estate & Infrastructure

The Asian Development Bank (ADB) may pledge to lend Bangladesh US$2.3 billion during 2023-2025 under an overall development recipe, at a time when the country launches a search for foreign-exchange support. Regarding the financing programme the ADB is finalising indicative country pipeline and monitoring (ICPM) report for the period, officials …

Farmers and traders of agricultural products in Barishal, Jhalakathi and Pirojpur are counting the days until June 25, when Prime Minister Sheikh Hasina will officially open Padma Bridge, as the resulting increase in connectivity will ensure better prices for their produce. “The wholesale price of guava was Tk 10 to …

The honorable Members of the Parliament perceive the tobacco tax proposals in the budget for FY 2022-23 to be very frustrating. The effective tobacco taxation proposals pushed by different anti-tobacco organizations, researchers, and activists have not been reflected at all in this budget for the coming fiscal year. They said …

The government is implementing a 30-year master plan slated from 2016 to 2045 to modernize the country’s rail communication system aiming at making the transportation service a people-friendly one. The information was revealed at a seminar titled ‘Railways in development progress: Challenges and remedies’ at the CIRDAP auditorium in the …

Government borrowing from banking sources has gone up significantly this month as it is now on a spending spree to materialise different development and non-development programmes by the time this fiscal year ends. The government had borrowed Tk 26,741 crore from banks from July 1 to May 26 of fiscal …

The mobile network operators have resumed the operation of 989 towers in Sylhet, Sunamganj and Netrokona in the last few days after most of the sites became dysfunctional on Thursday and Friday following a power outage due to the floods. Out of 25,280 sites in the three districts, 1,687 sites …

The long-cherished Padma Bridge is set to be inaugurated on June 25 next creating employment opportunities for thousands of people living it the country’s southwestern region as establishment of industries will begin there from now on. “The Padma Bridge will connect the country’s northern and southern regions. Rapid progress will …

Finance Minister A H M Mustafa Kamal FCA, MP placed his fourth national budget in parliament on June 9, proposing reducing the tax burden on businesses significantly. The proposed base income tax rate is 27.5 per cent, a reduction by 2.5 percentage points from the current 30 per cent. This …

Bangladesh Chamber of Commerce (BCI) has demanded simplification of the taxation system saying that people feel reluctant to pay taxes due to complexities. “The taxation system must be simple and taxpayers-friendly so that people feel encouraged”, said BCI president Anwar-ul-Alam Chowdhury (Parvez) while addressing a press at the BCI Conference …

The realtors have urged the government to continue allowing investment of undisclosed money in real estate to help the sector flourish unhindered. They observed that the proposed national budget for the 2022-23 fiscal year will hold back growth in the housing and construction sector unless the provision of investing undisclosed …