Dhaka April 27, 2024, 5:16 am
The Bank issued the warning while reviewing 11 problem projects at a meeting at its Dhaka office last month ; it is providing lion's share of the costs for those undertakings.
Finance Minister AHM Mustafa Kamal said Sunday the essential commodities will be exempted from value added tax (VAT) when the new relevant law comes into effect in July.
he National Board of Revenue (NBR) is set to start an onsite inspection from the next month to cross-check whether corporate taxpayers' source tax deduction matches with expenditures, officials said.
A two-day meeting of the customs officials of Bangladesh and India would begin on Sunday, aiming to ease bilateral trade and stop smuggling.
The government has taken up a massive development programme for the struggling Mongla port with Indian financial support.
The National Board of Revenue (NBR) plans to introduce a system to prevent the open market sale of items imported under bond facilities.
Speaker Dr Shirin Sharmin Chaudhury today said the role of the International Monetary Fund (IMF) is very important in maintaining economic stability across the globe.
The budget totalling Tk 5.24 trillion and 9.5 billion is due to be placed before parliament on June 13, according to a finance ministry projection.
Corporate tax rate in Bangladesh is one of the highest in this region, contributing to flight of capital abroad.
Authorities are collecting data on international transactions of multinational companies to stop them from siphoning off money from Bangladesh.
They also found a correlation between the rise of non-performing loans (NPLs) and money laundering.
The finance minister also emphasised increased privatisation of the education sector to bring the private sector players in the arena.
Meanwhile, the PM at the NEC meeting again directed the ministries not to appoint any person as the project directors for many schemes under the development programme.
In this context, Dr. Mahmud called for greater allocation of resources for education and health sectors to avert any future disparity in these social parameters.
President of Dhaka Chamber of Commerce & Industry (DCCI) Osama Taseer disclosed it on Saturday when Ambassador of China to Bangladesh Zhang Zuo paid a visit at DCCI auditorium in the capital.
State minister for foreign affairs M Shahriar Alam said Bangladesh prefers trade partnership to overseas assistance as the country has decided to scale down its aid dependence.
Both the countries are facing the risks of extremism and militancy, said Dr Samir Saran, president of the Delhi-based Observer Research Foundation.
We've been informed about the suit, but our lawyer will look into the matter," one of the members of the Bangladesh delegation told the FE over Viber from Manila, preferring anonymity.
The envoy also highlighted Bangladesh's higher investment opportunity.
To this end, the Executive Committee of National Economic Council (ECNEC) on Tuesday approved a project titled 'Sheikh Hasina Nakshipalli, Jamalpur (1st phase)'.
