Regional & International Economy

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

The government has no plan at present to increase interest rates on family savings certificates, Finance Minister AHM Mustafa Kamal told parliament today. The interest rate on family savings bonds may be re-fixed considering the investment situation, he said. In response to a lawmaker’s queries, Kamal said foreign financing decreased …

Tax collection growth slowed drastically in the first half of the current fiscal year due to falling customs tariff and direct taxes amid declining imports and reduced profits of firms, limiting the government’s scope to spend on development activities. The National Board of Revenue (NBR) clocked 11 per cent year-on-year …