Regional & International Economy

Bangladesh Export Processing Zones Authority (BEPZA) signed lease agreement with two fully foreign-owned companies on Sunday. They will invest US$ 12 million to establish factories in Chattogram & Mongla EPZ. Including these two, BEPZA signed investment agreement with 12 companies with total proposed investment of US$ 125.21 million during the …

The Institute of Chartered Accountants of Bangladesh (ICAB) on Saturday in its budget reaction said achieving a growth target of 7.2 per cent will be “difficult but not impossible”.

The proposed budget for the fiscal year 2021-2022 has forgotten to take new poor, disadvantaged groups and informal sector mostly affected due to Covid pandemic on board, Debapriya Bhattacharya, convenor of Citizen’s Platform for SDGs, Bangladesh, said on Sunday.

Finance minister AHM Mustafa Kamal on Friday said they would take more time to decide whether the current scopes for legalisation of undisclosed income on various sectors would be extended beyond June 30.

Despite the pandemic-induced slowdown, the government is set to place another challenging revenue target for the National Board of Revenue (NBR) for the 2021-22 fiscal. 

The national budget for 2021-22 is being proposed today all the while the country’s economy faces some tough realities stemming from the pandemic’s second wave. The hardships demand a bigger social safety net, policy support and incentives for many industries, improvements in health and education and so on, according to …

Oil prices extended their rally Wednesday on growing expectations for demand as the global economy recovers, though equity investors trod a more cautious line as inflation fears continue to cast a shadow over trading floors.

3.03% higher than the ongoing fiscal year

The government should give importance to the agriculture sector, social safety net programmes, and job creation in the upcoming national budget in order to ensure food security and reduce the Covid-induced economic shock on the country’s new poor, according to experts.

The national budget for 2021-2022 Fiscal Year (FY) should focus more on equity, redistributive justice, protecting jobs, saving lives, and less on economic growth, said the Centre for Policy Dialogue (CPD).