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The government has received $476 million as the first tranche of a new loan programme of the International Monetary Fund (IMF). IMF Conditions As usual, the IMF loan programme has attached reforms in major economic areas for which the government needs to fulfill 45 conditions to get the entire amount …
Read More »Palak urges Japanese IT entrepreneurs to invest more in Bangladesh
State Minister for ICT Zunaid Ahmed Palak has urged Japanese IT entrepreneurs to invest more in Bangladesh, taking the opportunity of the country’s “competitive strengths and policy incentives”, reports UNB. He was speaking at the webinar “Investment Opportunities in Hi-Tech Parks in Bangladesh” hosted by the Embassy of Bangladesh in …
Read More »Body formed to evaluate tax exemption policy, outcome
The National Board of Revenue has formed a committee to review policies on the existing tax exemptions which are offered for industrial growth in the country and outcomes of the facilities. The revenue board on February 5 formed the committee led by NBR tax policy member Sams Uddin Ahmed. The …
Read More »Eswatini seeks promotion of trade and business with Bangladesh
State Minister for Foreign Affairs Md. Shahriar Alam, who is on a two-day bilateral official visit to Eswatini, held bilateral discussions with Eswatinian Minister of Commerce, Industry and Trade Mr. Manqoba Khumalo at Mdzimba Conference Center in Mbabane on Tuesday (Feb 7), reveals a press release of the Ministry of …
Read More »15% spice demand met thru imports
Bangladesh has to rely on imports to meet about 15 per cent of the demand of the spice market, which highlighted the foreign currencies the country has to spend to bring in the items as well as the potential for local production. The country produces 49.30 lakh tonnes of spices …
Read More »General point-to-point inflation eases further to 8.57%
The general point-to-point inflation rate in January eased further as it fell to 8.57 percentage points down from 8.71 percentage points last December mainly because of the downtrend in food and non-food inflation. The general point-to-point inflation rate in November last was 8.85 percentage points, according to the monthly consumer …
Read More »ADB predicts tourism in Asia-Pacific to rebound to pre-pandemic level by 2024
Tourism recovery in Asia and Pacific region has picked up speed and might rebound to the pre-pandemic level by 2024, according to a report released by the Asian Development Bank (ADB) on Tuesday. The Asian Economic Integration Report 2023 said international tourist arrivals in the Asia-Pacific region rose by 399 …
Read More »IMF loan program can be touchstone of financial sector reforms
The government’s successful negotiation of a $4.7 billion, approved at the Executive Council of the International Monetary Fund (IMF), will raise confidence in the macroeconomy amid a volatile foreign exchange market, analysts said. They said that the IMF loan program can help bring stability to the macroeconomic situation in two …
Read More »Country’s revenue earnings were Tk 40,000 cr more in last fiscal: Finance Minister
Finance Minister AHM Mustafa Kamal has said the National Board of Revenue (NBR) has earned Taka 40,000 crore more in 2021-22 fiscal year compare to the previous fiscal. “The NBR has earned over Taka 40,000 crore more in 2021-22 fiscal year compare to 2020-21 fiscal”, said the finance minister replying …
Read More »Foreign debts soar by $31b in three years
Bangladesh’s external debts soared by $31 billion in the past three years, reaching nearly $94 billion at the end of December 2022, indicating a growing reliance of the country on foreign loans for its development initiatives. According to Bangladesh Bank data, the country’s foreign debts were $62.99 billion at the …
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