The International Monetary Fund is set to tighten the noose on the Bangladesh government over its dismal revenue mobilisation by making the remaining fund disbursement under a $4.7 billion loan conditional on meeting the tax collection target.
The government’s recent decision to increase excise duty on domestic and international air tickets will have a serious negative impact on the aviation market, especially domestic passenger growth, said top officials of the country’s air operators.
The recent decisions of the interim government—tax hikes and the suspension of the TCB truck sale programme—clearly reflect the short-sightedness and inconsistency in state policies.
Bangladesh’s trade deficit in the first five months of the current fiscal year was 20 percent, or $1.97 billion, lower than in the same period of the previous fiscal year.
The administrator and two panels of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have reached a consensus to hold the election of the garment exporters’ platform in April this year.
Financial inclusion in Bangladesh is evolving, as evidenced by the increasing penetration of agent banking, mobile financial service (MFS), and no-frills accounts (NFAs), alongside a strong commitment to rural outreach, according to
Classified loans in Bangladesh have exceeded Tk 284,000 crore. Various agencies are even talking of Tk 4 lakh to Tk 7 lakh crores of stressed assets in the banking sector, which tends to be 25-45 percent of the total loans.
Sales of electric and hybrid vehicles jumped more than 40 percent in China last year, as demand for new energy models continues to surge and the sector remains entrenched in a gruelling price war.
Investment barriers at the National Board of Revenue (NBR) and the Office of the Registrar of Joint Stock Companies and Firms (RJSC) must be addressed immediately to bolster investor confidence and increase investment growth, according to experts and top business leaders.
A fresh national economic census is set to begin this week after more than a decade, promising to provide an updated picture of economic activities in the country.
Bangladesh has long been hungry for foreign direct investments (FDI) but that has also been coupled with the outflow of funds through local companies seeking to generate business abroad.
Education and Planning Adviser Wahiduddin Mahmud said Bangladesh has no option to defer its graduation from the least developed country (LDC) club.
Bangladesh’s national budget for fiscal year 2024-25 is likely to be reduced by more than Tk 50,000 crore, with the entire cut expected to be made in funds meant for the annual development programme (ADP).
Step away from moves to privatise NCT, CCT
Prof Sobhan made these remarks during a public lecture at the four-day annual conference organised by the Bangladesh Institute of Development Studies (BIDS) at Hotel Lakeshore in Gulshan today
The development came four days after the CIC blocked withdrawals and transfers from the accounts
The adviser shared his “opinion” at a conference in Dhaka today while responding to a question on when Bangladesh might achieve a developed country status.
Planning and Education Adviser Wahiduddin Mahmud inaugurated the conference
