The ‘Land Service Week-2022’ will begin across the country on June 19 aiming to bring dynamism in land management and make people aware of their rights to land. Land Minister Saifuzzaman Chowdhury will inaugurate the ‘Land Service Week- 2022’ at Osmani Memorial Auditorium in the capital on June 19, said …
Read More »Hasina urges US companies to boost investment in Bangladesh
Prime minister Sheikh Hasina on Tuesday said that Bangladesh needed enhanced investment from its friendly countries, especially from the USA, as it aspires to become a developed and prosperous country by 2041. ‘Bangladesh has been recommended to graduate from the LDC in 2026. We are aspiring to become a developed …
Read More »Provide more development assistance for LDC graduation: Finance minister to ADB
Finance Minister AHM Mustafa Kamal has sought more development assistance from the Asian Development Bank (ADB) to properly address the challenges of the country’s graduation from the least developed country to the developed country. Kamal made the plea at a view exchange meeting with the visiting ADB Vice-President (Operations 1) …
Read More »The price is right
None of us want to make the mistake — one of the mistakes — that Sri Lanka recently made concerning foreign exchange. They have a shortage of it there but, as I’ve said before, this is something that’s impossible with a free market. It’s only if you try to fix …
Read More »Income Tax Wing of NBR racing to meet target in last 4 months of fiscal
The National Board of Revenue (NBR) has taken a tougher move to increase its collection from the Income Tax Wing by expanding its net and realising outstanding taxes, as in the first eight months of the current fiscal it collected just over 50 percent of its target for the fiscal. …
Read More »NBR to speed up this fiscal’s VAT collecton
The National Board of Revenue (NBR) has asked its field offices to expedite the Value Added Tax (VAT) collection as the collection from the pocket is only 56.15 per cent in the first eight months of the current fiscal. In this connection, the revenue collecting authority asked for attaining the …
Read More »Bangladesh receives record $2.09 billion remittance in April
Bangladesh has received USD $2.09 billion in remittances in April, the highest amount in a single month of the current fiscal year. Bangladesh Bank (BB) published the updated information on Thursday (May5). According to the sector insiders, expatriates usually send more remittances to the country on the occasion of Eid …
Read More »Budget to focus on people’s welfare
The upcoming national budget for the 2022-23 fiscal year will put special focus on job creation as a tool for Covid-19 recovery while combining popular measures targeting the next elections. The Budget Monitoring and Resource Management Committee has primarily estimated the budget size at Tk 6,778.64 billion which is 15.4 …
Read More »ADB to provide $500m more as budget support
Bangladesh is likely to get another $500 million worth of budget support from the Asian Development Bank (ADB) within this calendar year as the government has recently completed negotiations in this regard with the lender, officials said on Thursday. In the first tranche, they said, the Manila-based multilateral development bank …
Read More »Deep seaport will be the regional export-import hub
CHATTOGRAM: The deep seaport being constructed by the Chittagong Port Authority (CPA) in Matarbari of Cox’s Bazar will turn into the most important export-import hub of the region in future, hopes Chairman of the CPA Rear Admiral M Shahajahan. Through operating mother vessels for the ports of the neighbouring countries, …
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