Proper assessment of Covid-19 impact absent in budget: SANEM

The proper assessment of the impact of the pandemic was absent in the proposed budget for 2021-22 fiscal year, said South Asian Network on Economic Modelling (SANEM).
5 June 2021, 09:14 AM

First ever Bangladesh-UK connectivity hub launched at high commission in London

A virtual IT desk and B2B connectivity hub have been launched in London to connect businesses in the UK with Bangladesh-based IT companies.
5 June 2021, 05:53 AM

Reduce source tax on frozen shrimp, other fish export to 0.25%: Frozen foods exporters

Bangladesh Frozen Foods Exporters Association (BFFEA) has demanded reduction of source tax on export of frozen shrimp and other fish to 0.25 percent from the present 0.50 percent.
4 June 2021, 15:11 PM

Appreciable and bold budget: BUILD

The Business Initiative Leading Development (BUILD) has praised the proposed national budget for 2021-22 fiscal year and said it was a bold initiative to set the GDP growth target at 7.2 per cent amid the ongoing pandemic.
4 June 2021, 13:23 PM

MCCI welcomes budget but worried over implementation

The Metropolitan Chamber of Commerce and Industry (MCCI) welcomed the proposed budget for 2021-22 fiscal year, but it thinks implementation of the annual plan will be the biggest challenge.
4 June 2021, 12:00 PM

Kamal defends pro-business FY22 budget

Finance Minister AHM Mustafa Kamal today said his government would be able to implement the budget for the upcoming fiscal year like it did in the past.
4 June 2021, 11:35 AM

TIB raises concern over insufficient allocation for health

The Transparency International Bangladesh has expressed concern for not having sufficient allocation in the next budget for critical sectors, including health, to combat the Covid-19 pandemic.
3 June 2021, 18:36 PM

Budget realistic: FBCCI

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has tipped the new budget as realistic in the current context of the Covid-19 pandemic.
3 June 2021, 15:34 PM

Budget won’t ease economic hardship: CPD

The proposed budget for the upcoming fiscal year will not be able to play its due role in offsetting the economic hardship arriving from the coronavirus pandemic, the Centre for Policy Dialogue said today.
3 June 2021, 14:38 PM

Income tax on fish farming to increase

Finance Minister AHM Mustafa Kamal has proposed increasing the income tax for fish and poultry hatchery farmers with the introduction of a new tax slab for them.
3 June 2021, 14:23 PM

Alcohol, perfume to be costlier

The government will increase advance income tax (AIT) on import of some luxury items, including alcohol and perfume, which will surely increase their prices at the local market.
3 June 2021, 13:31 PM

Tax rebate on raw construction materials

The government plans to reduce tax on raw materials for construction sector from the next fiscal year.
3 June 2021, 13:03 PM

White House warns companies to step up cybersecurity

The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware attacks after intrusions at a meatpacking company and an oil pipeline.
3 June 2021, 12:56 PM

Export earnings double to $3.11 billion in May

Export earnings doubled year-on-year to $3.11 billion in May this year thanks to a rebound in garment shipment.
3 June 2021, 12:52 PM

Govt proposes increasing fisheries and livestock budget by Tk 244 crore

Keeping the growing demand of protein intake in mind for an increasing population, the government today proposed to increase the budget for fisheries and livestock by Tk 244 crore from the last fiscal year.
3 June 2021, 12:25 PM

Tk 266 crore allocation increased for agriculture, food security

The allocation for agriculture, food security and fisheries and livestock sector has been increased by 1 percent in the proposed budget of 2021-22 fiscal year from the previous year.
3 June 2021, 12:01 PM

Tax exemption for MFIs’ incomes

Finance Minister AHM Mustafa Kamal wants to withdraw taxes on incomes generated from microcredit distributed by the institutions registered under the NGO Affairs Bureau to extend the reach of microcredits for entrepreneurs.
3 June 2021, 11:57 AM

20.55 lakh tonnes of rice to be procured from local sources

Amid the growing concern on food security during the second wave of the Covid-19 pandemic, the government will buy 20.55 lakh tonnes of rice from local sources in the next fiscal year.
3 June 2021, 11:39 AM

RMG export: Continuation of 1% additional cash incentive proposed in budget

Finance Minister AHM Mustafa Kamal today proposed continuation of one percent additional cash incentive for the country's garment export in 2021-22 fiscal year too, considering the economic fallout from Covid-19 pandemic.
3 June 2021, 11:29 AM

Private, specialised hospitals in districts to get 10-year tax holiday

Private healthcare service providers in districts outside Dhaka, Narayanganj, Gazipur and Chattogram will be given a 10-year tax exemption on their income from the next fiscal.
3 June 2021, 09:23 AM