Dhaka October 3, 2023, 9:49 am
The first instalment of the 44th Japanese Yen Loan Package is 30 billion yen (approximately USD 209 million)
Sharifa Khan, Secretary, Economic Relations Division (ERD) and Jiangbo Ning, ADB Deputy Country Director for Bangladesh signed the agreement on behalf of their respective sides
Finance Minister AHM Mustafa Kamal moved the Bill and it was passed in the house by voice vote
The Secretary of Social Welfare, Jahangir Alam, lauded Prime Minister Sheikh Hasina for expanding the coverage of the social safety net to improve the livelihood of marginalized communities
The significant reform actions include: Revenue Mobilisation, Improved Expenditure Management, Monetary and External Sector Management, Financial Market Regulation and National Income Accounts, according to a budget document
The 9.83 km long bridge, including a 6.15 km main bridge, has connected 21 districts of the South Western region to Dhaka and beyond, creating an unprecedented surge in economic activities
The import of electricity is part of Bangladesh's efforts to secure its energy needs
As per the new agreement, the OQT, the Omani state-owned company, will supply LNG 0.25-1.5 million metric ton per annum (MTPA) to Bangladesh over 10 years from 2026
Foreign Minister Dr AK Abdul Momen has said Bangladesh will welcome if BRICS invites Bangladesh formally to join the group of five member states - Brazil, Russia, India, China and South Africa
BB will transition from a monetary targeting to an interest rate targeting framework
This comes amid an acute dollar shortage and a precipitous decline in reserve money which has seen the nation’s foreign reserves dip below $30 billion after losing nearly $12 billion in the span of a year
As per the proposed law, income tax officers cannot fix income tax as per his/her wish and income tax will be determined according to the formula prescribed by law
Former Bangladesh Bank Governor Atiur said this at a seminar in Kolkata organised jointly by the Insurance Institute of India and Kolkata, Insurance Institute on Tuesday
The FICCI expressed concern over perceived inadequacy of allocations for the health, agriculture and education sectors in the budget at a press briefing on Wednesday
The approval came from the 13th meeting of the Cabinet Committee on Economic Affairs this year held today virtually with Finance Minister AHM Mustafa Kamal in the chair
This loan is ADB's second subprogram of the Sustainable Economic Recovery Program that was launched in October 2021 to support economic recovery after the COVID-19 pandemic
As per the report, some Tk 6 crore 40 lakh or Tk 694 crore is being added every day as remittance in this month
The finance minister said this when treasury bench lawmaker Hazi Mohammad Selim of Dhaka-7 made the query at the question-answer session which was tabled at the Jatiya Sangsad here
The monetary policy will also focus on the government’s medium-term reform policy to bring stability to the macroeconomic sector
The government has approved a Tk 2.63 trillion ADP for the next fiscal which is Tk 374.40 billion higher than the current fiscal’s revised ADP
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