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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 …
Read More »State minister supports merchant bankers’ demand
The state minister for planning Dr. Shamsul Alam has supported merchant bankers’ demand of whitening undisclosed money in the capital market. The state minister echoed the merchant bankers’ demand on Wednesday at a post-budget press conference jointly held by Bangladesh Merchant Bankers Association (BMBA) and Capital Market Journalists’ Forum (CMJF). …
Read More »EU to help Bangladesh in attaining renewable energy goals
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 …
Read More »TCB to buy sugar, edible oil, lentil from local importers
The Trading Corporation of Bangladesh is going to procure edible oil, sugar and lentil from local importers to distribute them at a subsidised rate among the low-income group. The cabinet committee on government purchase approved three proposals from the TCBin a meeting on Wednesday. Finance minister AHM Mustafa Kamal presided …
Read More »Cattle traders expect good business this Eid-ul-Azha
The alarming Covid-19 situation had badly hampered the sacrificial animal market for Eid-ul-Azha in the last couple of years but cattle farmers are anticipating good business this time around as the situation has greatly improved. Approximately 1.21 crore sacrificial animals have been prepared this year, which is 33 per cent …
Read More »Bank vendors can’t be those of high-ups: BB
Bangladesh Bank yesterday asked banks to refrain from procuring goods and services from firms in which directors and high officials of the lenders have ownership, be it direct or indirect. Such vendors have been found to have taken part in the procurement processes of the lenders, violating banking norms, according …
Read More »Can Bangladesh transform insurance using tech?
Bangladesh, which has one of the lowest insurance penetrations in the world, is missing out on tapping the potential of the insurance sector using technologies for a lack of recognition of insurtech by regulators, said experts and industry people yesterday. Insurtech, a combination of the words insurance and technology, refers …
Read More »Govt plans to adjust fuel tariff every six months
The government is likely to adjust the petroleum fuel tariff every six months due to skyrocketing fuel prices in the international market amid the Russia-Ukraine war, State Minister for Power and Energy Nasrul Hamid told the Daily Sun. “We have no other alternative but to adjust the fuel tariff every …
Read More »Kamal likely to place Tk 6,78,064cr budget for FY23 Thursday
Finance Minister AHM Mustafa Kamal is likely to place a Taka 6,78,064 crore budget for the next fiscal year (FY23) at Jatiya Sangsad (JS) tomorrow with the major challenge of reining inflation amid unfavourable global economic situation. This will be the country’s 51st budget and the 23rd of the Awami …
Read More »Tax receipts from DSE drop 19pc in May
The government revenue earnings from the Dhaka Stock Exchange (DSE) dropped by 19 per cent month-on-month in May on the back of falling turnover value. The government collected revenue worth Tk 176 million in May which was Tk 218 million in April 2022, falling over 19 per cent month-on-month, according …
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