Use of foreign aid rises, but may miss target
Although foreign assistance disbursement is increasing continuously, the country is still behind its target for this fiscal year.
24 June 2022, 04:30 AM
Wage hike dwarfed by rising inflation
The wage growth in Bangladesh grew slower than the inflation rate in May, handing a blow to the country’s millions of low-paid skilled and unskilled workers already struggling to make ends meet amid the rising cost of living.
21 June 2022, 04:00 AM
Natural disasters 2015-2020: Loss, damage rise tenfold
Household loss and damage due to natural disasters saw nearly tenfold increase in 2015-2020 compared to that in 2009-2014, says a report of Bangladesh Bureau of Statistics.
21 June 2022, 02:00 AM
Inflation rockets to eight-year high
Inflation surged to an eight-year high of 7.42 per cent in May, driven by a hike in food costs, underscoring the plight a majority of the population in Bangladesh is currently experiencing, official figures showed yesterday.
20 June 2022, 03:00 AM
Govt took profits of Petroleum Corporation, left it in lurch
Bangladesh Petroleum Corporation made huge profits for seven years through import of petroleum at low prices but the government took that money, leaving the BPC ill-equipped to cope with the current international market volatility.
17 June 2022, 03:00 AM
Bangladeshi individuals, Banks: Deposits with Swiss banks rise 55pc
Funds deposited by Bangladeshi citizens and banks with different Swiss banks witnessed a massive rise of 55 percent to 871 million Swiss francs (CHF), about Tk 8,266 crore, in 2021 compared to the previous year.
16 June 2022, 18:00 PM
Govt to miss ADP target again
The pace of implementation of development schemes of the government hit a three-year high in May of the outgoing fiscal year with Jatiya Sangsad secretariat topping the list while the Finance Division sits at the bottom.
15 June 2022, 04:00 AM
Profits of state enterprises fall to 9-year low
The profits of state-owned enterprises in Bangladesh fell to their lowest in nine years, owing to higher commodity prices in the global market and selling of essentials among the poor and low-income groups at subsidised rates.
14 June 2022, 04:00 AM
Women do unpaid domestic work 8 times more than men: BBS
Women spend eightfold more time than men in domestic and care work, said a new survey of the Bangladesh Bureau of Statistics.
13 June 2022, 18:15 PM
Kamal’s right-hand man new BB governor
Abdur Rouf Talukder, the finance secretary, was yesterday announced as the new governor of the central bank, replacing Fazle Kabir, whose six-year tenure ends next month.
11 June 2022, 18:00 PM
‘Ethically unacceptable’
Money laundered out of the country can be legalised in exchange of seven to fifteen percent tax under a new proposal aimed to boost revenue as well as mobilise foreign currency.
9 June 2022, 18:00 PM
Social safety net: Approach not a good fit for multiple crises
The need for expanding the coverage of social protection schemes with new approaches has never been felt so badly than now as people are struggling to keep their heads above water amid one crisis on top of another.
9 June 2022, 18:00 PM
Budget 2022-23: Kamal determined to ride out uncertainty
AHM Mustafa Kamal, whose life has been full of struggles, had dreamt of becoming the finance minister, so he consciously entered politics.
9 June 2022, 03:45 AM
FY 2022-23 budget to be cautiously larger
The government is preparing the budget in a cautious way, refraining from increasing expenditure by too much of an extent, keeping in mind the ongoing global economic crisis stemming from the pandemic and Russia-Ukraine war, State Minister for Planning Shamsul Alam said.
8 June 2022, 03:30 AM
Target more export, remittance
The government plans to boost exports by promoting large industries and send a record number of migrant workers abroad to raise foreign currency reserves.
7 June 2022, 18:00 PM
WB revises down growth forecast for Bangladesh
Taking into account the Ukraine war, the World Bank reduced Bangladesh’s economic growth projection to 6.7 percent for the next fiscal year from its January forecast of 6.9 percent.
7 June 2022, 18:00 PM
New VAT likely for handsets, internet
The government is likely to hike value-added tax (VAT) on broadband internet and impose a 5 per cent VAT on handsets manufacturing in the upcoming budget, which will increase handset and internet prices from next fiscal year.
7 June 2022, 03:30 AM
Elderly poor, others: Govt to shelve safety net expansion plan
The government is going to discard its plan to bring all elderly poor under its social safety net programmes in 100 more upazilas in a bid to prevent the non-poor from misusing the support.
7 June 2022, 03:00 AM
Govt to miss inflation targets in FY22, next year
The government has set an inflation target of 5.5 per cent for the next fiscal year although the prices of basic commodities are sitting at elevated levels for higher commodities prices globally amid lingering supply chain disruptions and the Russia-Ukraine war.
5 June 2022, 04:00 AM
Block allocations: Focus shifts to war fallout from jabs
The government is not keeping a separate allocation for vaccines in the next fiscal year’s budget as it pulls back from vaccine procurement given the high inoculation rate and low infection rates.
4 June 2022, 18:00 PM