Regional & International Economy

The spending of money is going to be the biggest challenge for the government in implementing the current fiscal year’s budget as only 25 percent of the hefty budget outlay has been spent in the first six months. The government announced a whopping Tk 6.04 trillion budget for 2021-22 financial …

The Bangladesh government is determined to end all problems related to shrimp production and its exportation, Fisheries and Livestock Minister SM Rezaul Karim has said. “These problems at shrimp hatcheries will eventually be resolved as the Bangladesh government is giving utmost importance to the development of the fisheries sector,” the …

Bangladeshi entities have received the highest number of awards in SAFA (South Asian Federation of Accountants) Best Presented Annual Report Awards, Integrated Reporting Awards and SAARC Anniversary Awards for Corporate Governance Disclosure 2020 competition. They have received a total of 21 awards out of 58 distributed among the SAARC countries, …

Chairman of National Revenue Board (NBR) Abu Hena Md. Rahmatul Muneem on Tuesday said lack of self-motivation to pay tax exists in the country and even government entities are seeking tax exemption. He urged the government entities to start a culture of paying tax from self-responsibility to the state instead …

Bangladesh Bank has directed the banks to deduct tax at a fixed rate from the income of a non-resident person or organization for outward remittance in exchange of service. The central bank’s instruction was accompanied with a letter containing instructions of the National Board of Revenue (NBR) to cut tax …

The Greece government has assured Bangladesh of providing job facilities to 4,000 new workers annually, as the two countries signed a Memorandum of Understanding (MoU). Through the MoU, overseas workers will get the new window for employment opportunities in Greece every year, according to a press release issued today. Expatriates …

Deep cuts in yield rates send net sales of national savings certificates (NSCs) into negative territory in December, raising prospect for banks to wallow in deposit. The net negative sales of NSCs — designed as government borrowing tools — amounted to around Tk 4.36 billion in December 2021 against Tk …

The Metropolitan Chamber of Commerce and Industry (MCCI) yesterday demanded the government reduce corporate tax in the national budget this year as well in order to bring the rate to a rational level. The government reduced corporate tax by 2.5 percentage points in each of the last two budgets, bringing …

Dhaka Chamber of Commerce and Industry president Rizwan Rahman on Sunday stressed formulating national way forward strategies for local and export market competitiveness, rational elimination of non-tariff barriers for ensuring a smooth LDC graduation status. He made the comments at a press conference on the current economic situation and the …

The government revenue earnings from the Dhaka Stock Exchange grew by 20.82 per cent in January compared with that in December of the ongoing fiscal year. In January, tax revenue was Tk 39.69 crore against December’s Tk 32.85 crore. In January of the ongoing fiscal year, tax revenue from the …