Chinese Ambassador to Bangladesh Yao Wen said he expects more cooperation in projects, trade and finance with Bangladesh.
Islami Bank, Social Islami Bank and First Security Islami Bank lent about Tk 9,500 crore under suspicious circumstances, as reported by different media. Of the sum, Tk 7,246 crore has been taken from Islami Bank alone.
Finance Minister AHM Mustafa Kamal today told the parliament that as of March this year, the amount of defaulted loans in the country was Tk 126,369 crore.
Wishy-washy -- is what best describes the government’s stance on scaling up its narrow revenue base, which is posing to become the Achilles’ heel to Bangladesh’s growth aspirations.
Over the last 50 years of Bangladesh’s existence, we have seen many finance ministers. AMA Muhith was among those few who this nation will remember for making the job appear joyful and free from the pains of balancing difficult trade-offs amid resource constraints.
Finance Minister AMA Muhith yesterday said necessary steps will be taken regarding the alleged loan irregularities at state-owned Janata Bank.
Bangladesh's debt burden would not increase much even if the government borrowed $12 billion from Russia to build the Rooppur nuclear power plant, Finance Minister AMA Muhith said yesterday.
The banking sector was tainted by a series of scams, including some massive thefts, according to Finance Minister AMA Muhith.
Finance Minister AMA Muhith admits in Parliament that there are some irregularities in the banking sector and it is massive at times.
The Finance Minister's exasperation in parliament, over the government's inability to take punitive action against a top official of Sonali Bank for his involvement in the Hallmark loan scam as well as of those in the Basic Bank scam...
Finance minister's proposed 10 percent value added tax (VAT) on around 160 private sector universities including medical and engineering colleges has not found favour with those who have been targeted.
Finance Minister AMA Muhith says the revenue collection target of the proposed for fiscal 2015-2016 is high, but achievable.
Finance minister is unveiling the budget for 2015-16 fiscal – what is believed to be a jumbo size of around Tk 295,100 crore.
The second budget session of the 10th Jatiya Sangsad begins this afternoon.
In continuation of economic relations, neighbouring India offers Bangladesh another Line of Credit (LoC) of around one billion dollar.
Finance Minister AMA Muhith hints of a bigger budget for the upcoming fiscal and says its prime focus will be on drawing more investment and generating more revenue.
Finance Minister AMA Muhith today faced wrath from lawmakers in parliament repeatedly for his claim that projects below Tk 25 crore from block allocation are being implemented in various parts of the country.
Finance Minister AMA Muhith says that the government would impose 15 percent Value Added Tax (VAT) from July, 2016
BNP Chairperson Khaleda Zia should be charged with sedition for her ‘anti-state movement’, says Finance Minister AMA Muhith
