Youth unemployment to double this year
Youth unemployment in Bangladesh may more than double in 2020 if the country takes six months to contain the coronavirus pandemic, which has caused economic output and demand to fall drastically, said a new report.
19 August 2020, 18:00 PM
Only high-priority projects this fiscal year
The government has directed ministries and divisions to pick high-priority projects from the list of the unapproved schemes in the annual development programme as development work has been hamstrung by revenue shortage caused by the coronavirus pandemic.
17 August 2020, 18:00 PM
Two-thirds new poor received cash support
The government has distributed cash support among 35 lakh beneficiaries rendered poor because of the coronavirus pandemic after preparing a database through multi-layer scrutiny of the people who needed it most.
15 August 2020, 18:00 PM
Little progress in recovering the Tk 18,253cr lost in financial scams in recent years
The financial regulators and the government organisations are still struggling to resolve the much-talked five financial scams in the country as the embezzled fund worth Tk 18,253 crore are yet to be recovered.
15 August 2020, 18:00 PM
Development Projects: Where disorder reigns supreme
The planning ministry yesterday expressed disappointment over frequent amendments in projects, one after another missed deadlines, and the directors’ absence at project sites.
13 August 2020, 18:00 PM
The rise in investment-GDP ratio confounds
Bangladesh’s investment to gross domestic product (GDP) ratio rose in the just-concluded fiscal year, data from the Bangladesh Bureau of Statistics showed on Tuesday, in what can be viewed as an inexplicable development as most indicators were pointing towards a contrary scenario.
12 August 2020, 18:00 PM
Decent GDP growth amid extraordinary circumstances
In the end, the final data from state-run Bangladesh Bureau of Statistics (BBS) shows the economy grew at a respectable 5.2 per cent last fiscal year, when large swathes of the global economy plunged into recession for the outbreak of coronavirus from Wuhan, China.
11 August 2020, 18:00 PM
Trade with Nepal to get a leg-up after govt approves a new transit route
The government yesterday included a rail route in the Bangladesh-Nepal’s existing transit agreement to give a much-needed boost to bilateral trade by cutting distance.
10 August 2020, 18:00 PM
Pandemic derailed development works. Planning minister is buckling down to get it back on track
The government has decided to prepare a roadmap to ensure full implementation of the annual development programme this fiscal year after development expenditure fell to a 27-year low in fiscal 2019-20.
9 August 2020, 18:00 PM
Govt rallying behind off-colour Navana Group
A silver lining seems to have appeared in front of Navana Group at last.
8 August 2020, 18:00 PM
Dhaka gets first tranche of $1b Japanese loan
Bangladesh yesterday got the first tranche of the $1 billion loan pledged by Japan to bounce back from economic whiplash brought on by the global coronavirus pandemic.
5 August 2020, 18:00 PM
Tax cheats can whiten money until Nov 30
Amnesty to black money has always been a nonstarter, so Finance Minister AHM Mustafa Kamal’s move to tuck in the facility with added benefits in this fiscal year’s budget has left many scratching their heads.
4 August 2020, 18:00 PM
Not a frenzied day for banks before they broke for Eid holidays
Banks came under milder than usual strong fund withdrawal pressure ahead of Eid-ul-Azha this year because of the coronavirus pandemic, countrywide floods and job and income losses.
30 July 2020, 18:00 PM
NBR to make all-out effort to make amnesty to black money a success this time
The government is set to make an all-out effort from next month to generate an increased amount of revenue from the legalisation of untaxed money as it needs the sum to kickstart the coronavirus-ravaged economy.
29 July 2020, 18:00 PM
Two projects for the poor see their allocations slashed
Irregularities and apathy have become a permanent feature of project implementation in Bangladesh, thanks to which no infrastructure is ever ready on time.
28 July 2020, 18:00 PM
Indian transhipped goods to pay Tk 2 a tonne in road fee
Dhaka has decided to charge Tk 2 per tonne per kilometre in road usage fees for Indian goods that would be transshipped using Bangladesh’s territory, officials said.
27 July 2020, 18:00 PM
Lifting private investment would be a tall order
The government is aiming to lift private investment to GDP ratio to a record 25.3 per cent this fiscal year although the coronavirus-induced uncertainty showed no signs of abating and structural challenges are largely unaddressed.
26 July 2020, 18:00 PM
6.53cr Bangladeshis need assistance: UN
Nearly 6.53 crore poor people in Bangladesh should receive time-bound temporary cash payments to cope with the worst impacts of Covid-19 pandemic, according to the United Nations.
24 July 2020, 17:02 PM
Budget deficit to go through the roof
Bangladesh’s budget deficit may shoot to as high as 10 per cent of the GDP in the current fiscal year as the government would have to keep spending more to tackle the brunt of the coronavirus pandemic amid a drastic fall in revenue generation, the World Bank said.
23 July 2020, 18:00 PM
Govt makes setting up single-member companies easier
The government has brought in a major amendment to the Companies Act allowing setting up of single-member companies, a move that is expected to give a boost to entrepreneurship, draw investors and support the growth of SMEs.
22 July 2020, 18:00 PM