Govt in great pickle over next fiscal year’s budget
Finance Minister AHM Mustafa Kamal plans to unveil the national budget for next fiscal year on June 11 amid deepening uncertainties brought on by the deadly coronavirus.
16 April 2020
GDP growth to plunge to 33-year low this year
There is no denying that 2020 is a write-off for the high-flying Bangladesh economy, shot down to the ground by the novel coronavirus.
15 April 2020
Firms praying for an extension to hand in VAT returns
An announcement from the National Board of Revenue regarding the filing of value-added tax returns have thrown businesses into trouble.
13 April 2020
Direct cash transfer for 1.5cr poor during Ramadan
The government is set to transfer Tk 2,000 in cash to each of about 40 lakh families whose breadwinners have lost jobs because of lockdown, as part of its efforts to keep the most vulnerable segment of the society at home to tackle the deadly virus.
13 April 2020
Premature to project growth now
Finance Minister AHM Mustafa Kamal yesterday said it was premature to project what will be the country’s economic growth in the current fiscal.
12 April 2020
Outlook is grim for Bangladesh
Bangladesh’s tremendous growth momentum in recent years is set to come to a crashing halt for the coronavirus outbreak in the country, with the poor and informal sector bearing the most brunt, said the World Bank yesterday.
12 April 2020
Cash aid for extreme poor
The government is set to unveil its third stimulus package soon, offering cash aid to poor families that have been hit hard by the ongoing shutdown amid coronavirus scare.
10 April 2020
Govt battling an unknown quantity
Bangladesh has thus far announced a $8.56 billion stimulus package that is nearly three times the initial projected economic losses from the coronavirus pandemic.
6 April 2020
Factories can pay wages for 3 months from stimulus package
The owners of export-oriented companies and factories can pay wages to their workers for up to three months from the Tk 5,000 crore stimulus package unveiled by Prime Minister Sheikh Hasina.
1 April 2020
OMS rice for Tk 10 a kg in cities from next week
The government is going to launch a special open market sale (OMS) of coarse rice at Tk 10 a kg in all city corporation areas to ensure food for the urban poor amid the countrywide shutdown.
31 March 2020
Bigger relief package needed to make up for lost economic activities
Bangladesh has announced one of the lowest stimulus packages among South Asian and Asian peers in terms of gross domestic product (GDP) to counteract the impact of the coronavirus pandemic that is on course to bringing about an economic recession.
31 March 2020
Soft loans, wages to come from stimulus package
The government will disburse interest-free soft loans for two years among the export-oriented sectors from the Tk 5,000 crore stimulus package the prime minister unveiled to cope with the fallout from COVID-19.
30 March 2020
Logistics for stimulus package allocation to be finalised by next week
The government has started work on devising a method to allocate its Tk 5,000 crore stimulus package for the export-oriented sectors announced by Prime Minister Sheikh Hasina on March 25.
29 March 2020
Funds begin to flow in from ADB
The Asian Development Bank (ADB) has approved $300,000 in emergency grant for Bangladesh in its first of the planned support that the lender is preparing to help the country’s fight against the novel coronavirus pandemic.
28 March 2020
State coffer was topping up nicely before outbreak
crore in the first eight months of the fiscal year aided by healthy income tax generation but the shortfall against the government target has kept widening.
28 March 2020
Helping The Poor: Govt needs to do more, faster
Anwara Begum was seeking alms sitting in front of her shanty at the capital’s Bhashantek slum with the summer sun dipping towards the horizon yesterday.
27 March 2020
Govt seeks $1b from IMF, WB
Bangladesh yesterday sought $1 billion in support from the International Monetary Fund and the World Bank as the country looks to support its people, businesses and industries reeling from the coronavirus pandemic.
25 March 2020
Taming coronavirus rampage: Unprecedented bailout package on the way
The government is set to roll out a massive rescue package for the low-income group, businesses and industries, all of whom are bearing the brunt of the near-collapse economic activities brought on by the coronavirus pandemic.
23 March 2020
Small victory for BB as NY court dismisses appeal challenging case
A US court has rejected an appeal that challenged a Bangladesh Bank case against a Filipino bank and others over $81 million reserve heist from its account with the New York Federal Reserve.
23 March 2020
ADB keen to write a cheque of $500m
The Asian Development Bank may provide $500 million to Bangladesh initially as budget support in order to help the country improve its health system and assist the vulnerable groups as coronavirus is fast transmitting across the country.
21 March 2020