Budget to get bigger by 21pc
The forthcoming budget, set to be announced today, is going to be an increase of 21.65 percent over the current year owing to the new pay scale for government staff and increased development expenditure.
3 June 2015, 18:00 PM
Bangladesh’s budget size shrinks for fund shortfall
The finance ministry will scale down its plan to lay out a budget upwards of Tk 300,000 crore for fiscal 2015-16, as it has failed to find viable sources to fund such a big outlay.
1 June 2015, 18:00 PM
Corporate tax for banks to be lowered at last
The government is likely to reduce the corporate tax for financial institutions, even though the move would lead to revenue losses of about Tk 1,000 crore.
31 May 2015, 18:00 PM
Road transport hit by turmoil
The road transport sector shrank in the outgoing fiscal year while the air and river transport sectors expanded owing to the three-month blockade and shutdowns enforced by the opposition.
30 May 2015, 18:00 PM
WB to give low-cost funds to private firms
The World Bank is set to extend long-term low-cost loans to private sector firms, including those from garments, footwear and light engineering sectors, in a bid to brighten the country's stagnant investment scenario.
27 May 2015, 18:00 PM
No surprises in upcoming budget
The upcoming national budget is unlikely to spring any surprises, finance ministry officials said.
26 May 2015, 18:00 PM
Bangladesh likely to get fresh $2b soft loan from India for connectivity-related projects
Bangladesh may get $2 billion in fresh loan from India for use in connectivity-related projects, an area of cooperation in which the
25 May 2015, 18:00 PM
Subsidy to be trimmed in next budget
The government is set to cut subsidy by 5.5 percent in fiscal 2015-16 from the current year, as it looks to reduce fuel subsidy amid
24 May 2015, 18:00 PM
Finance ministry in a fix over budget size
The finance division is now at its wit's end over fixing the size of the budget for the next fiscal year while keeping the deficit close to 5 percent of GDP.
23 May 2015, 18:00 PM
Bangladesh plans to offer transgender community various service-oriented jobs
The Hijra or transgender community may gradually be integrated into the society, as the government plans to offer them various service-oriented jobs, including in the police.
20 May 2015, 18:00 PM
Taka-linked bonds to attract foreign investors: IFC
The International Finance Corporation has now formally proposed to Bangladesh to launch $1 billion taka-linked bonds, saying they would attract new foreign investors.
19 May 2015, 18:00 PM
Bad loans jump 9pc
Default loans rose 8.97 percent in the first quarter of the year to Tk 54,657 crore owing to political unrest during the period, bank officials said.
14 May 2015, 18:00 PM
Delayed implementation increases cost of Padma bridge by 40pc
The Bridges Division has revised the cost of the much-hyped Padma Bridge project by 40 percent, raising the estimated cost to Tk 28,793 crore.
13 May 2015, 18:00 PM
Bangladesh needs Tk 14,500 crore more in next fiscal year for partial implementation of new national pay scale
The government will need around Tk 14,500 crore more in the next fiscal year for implementing the first phase of the new pay scale
10 May 2015, 18:00 PM
ADP size may rise 24pc in next budget
The allocation for annual development programme (ADP) in the next fiscal year's budget will be Tk 92,500 crore, which is 24 percent higher than that of the current revised budget.
7 May 2015, 18:00 PM
Bangladesh plans to build airport at Rampal to attract investors
The government is going to build an airport at Rampal in Bagerhat to establish faster communications link between Khulna region and
4 May 2015, 18:00 PM
Banks make good cash recovery against bad loans
Local banks last year made Tk 10,363 crore of cash recovery from the classified loans, which provided them a spot of respite from their runaway default loans.
3 May 2015, 18:00 PM
$24b in foreign aid lying idle
A record $24 billion of foreign aid has piled up due to the ministries' failure to utilise resources timely.
27 April 2015, 18:00 PM
Interest on taka bonds to be less than 5pc: Muhith
The first-of-its-kind $1 billion taka-linked bonds to be issued by the government and the International Finance Corporation will
27 April 2015, 18:00 PM
Bankers in Bangladesh term the deadly bank heist unusual
Banking professionals described Tuesday's grisly bank heist in Ashulia as a very unusual incident that appears to be more of a militant attack than a robbery.
22 April 2015, 18:00 PM