Real-Estate & Infrastructure

There is no budgetary measure to protect the limited disposable income of the middle-class which is being depleted due to high food inflation, said Debapriya Bhattacharya, distinguished fellow of the Centre for Policy Dialogue. “Prices of selected products are likely to increase due to tax imposition that would adversely effect …

The Bangladesh Financial Intelligence Unit (BFIU) has confiscated Tk 1,294 crore from money launderers since the fiscal year of 2016-17 as per court orders, said the agency yesterday. A total of 46 court cases were involved in the confiscation process. In addition, Tk 1,330 crore was seized since FY16 from …

Burimari Land Port in Lalmonirhat lacks banking facility, causing suffering to people especially those who are travelling to neighbouring countries. Travellers have to go to a bank at Burimari Bazar, 2km off the land port, to pay travel tax. Kartik Chandra Karmakar, who recently went there from the capital’s Tantibazar …

Top business leaders yesterday urged the government to postpone its decision to close stores, shopping malls, markets and kitchen markets after 8:00pm until Eid-ul-Azha since an early closure will deal a blow to their sales. The plea from two separate meetings of the Federation of Bangladesh Chambers of Commerce and …

Tax net expansion is essential to improve the Tax-GDP ratio and the government must take steps to enhance the tax net, said experts at a programme on Thursday. The experts made the comments at a virtual webinar titled ‘Salient Features of Finance Bill 2022-2023’ organised by the Institute of Chartered …

Bangladesh Bank yesterday said it would review a proposal from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to reinstate the relaxed loan classification policy until December this year. Md Serajul Islam, spokesperson of Bangladesh Bank, came up with the remark after a bankers’ meeting between the higher-ups …

From the next fiscal year, government agencies, implementing authorities of various publicly funded projects and corporate entities will come under greater scrutiny of taxmen as the National Board of Revenue has toughened rules to plug scope of avoidance regarding withholding tax deductions and payments. The tax administration, for the first …

Bangladesh Government and the Asian Development Bank (ADB) today signed an agreement for a US$250 million policy-based loan to further improve the social protection system in Bangladesh for supporting the vulnerable population against socioeconomic challenges. Fatima Yasmin, Secretary, Economic Relations Division, and Edimon Ginting, Country Director, ADB, virtually signed the …

Finance Minister AHM Mustafa Kamal has said a decision on raising the petroleum prices will come soon. “You will get informed whenever the decision is made,” he told reporters while virtually briefing on the outcomes of the two consecutive meetings of the Cabinet Committee on Economic Affairs (CCEA) and the …

The EU Member States have common interest to support Bangladesh in achieving their national goals and fulfilling international commitments in the field of renewable energy through the Team Europe Initiative. “The Initiative will allow us to better coordinate and consolidate our engagement in the Green Energy Sector and strengthen our …