Dhaka April 7, 2025, 3:20 am
The Asian Development Bank or ADB is set to disburse around $5.0 billion to finance several major development projects in Bangladesh between 2020 and 2022,
This rise in the source-tax collection is attributable to an increase in the number of bank depositors and the rate of interest.
As part of the move, the board has instructed the field-level tax officials to verify their tax at source, known as withholding tax, deduction and collection.
The Northeast Bangladesh Economic Corridor will comprise Narayanganj, Gazipur, Narsingdi, Kishoreganj, Mymensingh, Netrakona, Brahmanbaria, Habiganj and Sylhet, according to an ADB study
The country's export receipts for the first two months of the current fiscal year (FY) fell short of target by 12.40 per cent.
Industries minister Nurul Majid Mahmud Humayun was present as the chief guest.
Alongside a uniform and quality education system at all levels, they suggested allowing a truly impartial institutional and regulatory framework for fair distribution of resources.
From now on, loan applications of the country's micro borrowers will be examined by the Microfinance Credit Information Bureau (MF-CIB), according to the entity's draft guideline.
It also recommended that the policymakers take effective measures to further improve the financial system if the country wants to reach the next stage of development.
Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) predicted the overall point-to-point inflation close to 6.0 per cent at the end of this month.
The Bangladesh Institute of Bank Management (BIBM) disseminated findings of the study - 'Competition, Concentration and Banking Sector Stability' - through a seminar on its campus in the capital on Tuesday.
Mr Islam was talking to the media at his office in the capital on Tuesday, the last day of his tenure in the government agency.
Money sent home by expatriate Bangladeshis amounted to over US$3.0 billion in the two months to August, boosted by increased flow on the occasion of Eid-ul-Azha.
The government will restrict foreign currency purchases following a sharp drop in the peso.
"We want to bring it (bank loan interest rate) down to single digit. In the meantime, we've taken appropriate measurers so that investment becomes easier," she said while handing over the prestigious National Export Trophy in
They said any policy change made through wrong analysis could hamper government's revenue mobilisation while creating unfavourable business climate.
India’s economy grew at its weakest pace since 2013 between April and June as consumer demand and government spending slowed amid global trade frictions, raising chances of the central bank cutting interest rates further at i
Finance minister AHM Mustafa Kamal said on Wednesday the compound interest rate of bank loans is not feasible in modern times.
Profitability of the country's banks has declined by around 17 per cent over the last 10 years, mainly due to growth in the volume of bad loans.
India's central goverment has offered the country's federal government a payout of 24.5 billion US dollars that include $17.1 billion of surplus and $7.4 billion of excess contingency provision lying in books of the central b
