All Finance

1971's Genocide recognition on UN agenda

Rohingya camps can be a breeding ground for militancy

Budget has been formulated keeping common people in mind: Obaidul Quader

No foreign travel in business class at government expense: Prime Minister's directive

Budget for 2023-24 fiscal year to be passed on June 26

Dr Yunus's case dismissed, ordered to pay Tk 12 crores

Dhaka, May 31: The High Court has dismissed three income tax reference cases filed by Nobel laureate economist Dr Muhammad Yunus challenging the validity of the National Board of Revenue (NBR) notice demanding tax of Tk 15 crore. As a result, Dr. Yunus has to pay Tk 12 crores to NBR.

Bangladesh to buy 11 million liters of soybean oil from US

Dhaka, May 26: The government will buy 18 million litres of soybean oil for the Trading Corporation of Bangladesh (TCB). Of this, 7 million liters of soybean oil will be purchased from domestic companies and 11 million liters from the United States. A total of eight procurement proposals were approved at a meeting of the Cabinet Committee on Public Procurement on Wednesday. Finance Minister AHM Mustafa Kamal presided over the meeting while Additional Secretary to the Cabinet Division Sayeed Mahbub Khan briefed reporters virtually.

Price of onion reduced by Tk 500 following one announcement

Dhaka, May 20: The highest price of onion was Tk 2800-2900 in the market of Pabna on Friday. Farmers started dreaming of making some profit at such a price. But the hope of the farmers died a premature death. Because the price of onion has decreased by an average of Tk 500 taka per maund within a day.

Call for Bangladesh-Uzbekistan direct flights

Dhaka, May 20: Prime Minister's Private Industry and Investment Adviser Salman F. Rahman has called for the resumption of direct flights between Bangladesh and Uzbekistan to increase bilateral trade and expand the tourism sector.

IMF has not given any conditions, we are not dependent on them: Planning Minister

Dhaka, May 15: Planning Minister MA Mannan said, "We are not dependent on the IMF, they have not given any conditions to give the loan. But they have given some requirements, such as how much interest is on the loan, how many years we will pay it back."

No worries about reserves: PM Hasina

Dhaka, May 15: Stating that there is no shortage of reserves in the country, Prime Minister Sheikh Hasina said that the government is only worried about having enough dollars to buy food for three months, it is not worried about reserves.

4 South Asian countries, including Bangladesh and India, will receive US $6 million in maritime security assistance

Dhaka, 14 May 2023 : US Deputy Secretary of State Wendy Sherman has said that Washington is willing to give 6 million US dollars to four South Asian countries - Bangladesh, India, Maldives and Sri Lanka to help in maritime security efforts.

Garment exports to non-traditional markets increase by 31 percent

Dhaka, May 13: In the first 10 months (July-April) of the current fiscal year 2022-23, Bangladesh's garment exports to non-traditional markets have increased. About 30.80 percent of exports to these markets have increased to 7 billion US dollars. Non-traditional markets include Japan, Australia, India and South Korea. This information is known from the sources of Readymade Garment Industry Owners and Exporters Association BGMEA.

Bangladesh unearths tax evasion of Tk 5 crore from goods exported by China

Dhaka, May 13: China has always been in news in Bangladesh for wrong reasons. During the last two years, several cases of attempts of tax evasion by Chinese entities either based in China or Bangladesh (BD) have come to the fore. Among others, export of items from China to BD under false declaration has been one of the major concerns for BD authorities as it incurs heavy losses to the exchequer of the country.

Bhutan wants transit, Sheikh Hasina will talk with India

London, May 9: Bhutan wants direct transit with Bangladesh via India. In a meeting with Prime Minister Sheikh Hasina, King of the country Jigme Khesar Namgyel Wangchuck proposed to get transit. Sheikh Hasina welcomed the proposal of the King of Bhutan. She also assured the King of Bhutan that she would talk to India about this if necessary.

Free trade agreement is under discussion with 11 countries: Sheikh Hasina

Dhaka, April 26: Bangladesh is negotiating with 11 countries regarding free trade agreements. Recently Prime Minister Sheikh Hasina gave this information in a special interview given to Nikkei Asia, an influential Japanese media. Bangladesh has been getting preferential tariff concessions in the export of goods to several countries of the world until now, however, that period will expire in the next three years.

Bangladesh partners with ADB for Metrorail projects

Dhaka, April 20: Metrorail means Japan - the government is coming out of this trend. As a single country, three metrorails are under the credit of Japan, reducing the bargaining power with them. The government has to accept the cost that the country is taking. For this reason, the government has decided to go to an alternative route outside of Japan to increase competition. So this time the Asian Development Bank (ADB) will finance the Metrorail Line-5 project. Compared to Japan, taking a loan from ADB will also cost less for metro rail. This information is known from related sources.

India's Tata returns to Dhaka with Taj Hotel

Dhaka, April 20: India's Tata Industrial Group had to go back about a decade and a half ago despite coming up with a proposal to invest 3 billion dollars in Bangladesh. But the Tatas are coming back to Bangladesh with the help of the international hotel brand 'Taj'.

PM proposes to increase bilateral trade with Iran

Dhaka, April 18: Prime Minister Sheikh Hasina said it is important to take more initiatives to increase bilateral trade and business between Bangladesh and Iran. The Prime Minister expressed this opinion when Iranian President Sayyid Ebrahim Raisi called her on Monday afternoon.

Fertilizer price hike will lead to inflation: Planning Minister

Dhaka, April 11: The price of chemical fertilizers has been increased by five takas per kg at the level of farmers and dealers due to the increase in international market prices. The Ministry of Agriculture issued an order on Monday increasing the prices of Urea, DAP, TSP and MOP fertilizers by Tk 5 per kg. Planning Minister MA Mannan believes that the increase in the price of fertilizer will have an impact on inflation.