Dhaka February 24, 2025, 9:26 pm
As the government spending is growing, failure in meeting the revenue targets could put Bangladesh into a debt trap, economists warned on Sunday.
A free trade agreement (FTA) among the BIMSTEC countries may be signed this year, a top official of the regional grouping said on Tuesday.
The flow of remittances grew by 9.65 per cent to a record US$16.42 billion in the just-concluded fiscal year (FY) as the exchange rate of local currency weakened against the US dollar.
Bangladesh is projected to lose productivity equivalent to 3.83 million full-time jobs in the year 2030 due to rise in heat stress caused by global warming, according to a latest report.
Nikkei Asian Review in a news article said that the new Value Added Tax (VAT) system in Bangladesh has confused both the consumers and businesses.
The National Board of Revenue (NBR) has exempted Value Added Tax (VAT) and Supplementary Duty (SD) on import of raw materials for producing sanitary napkin and diaper in a bid to make their prices affordable.
The new value added tax (VAT) law has finally taken effect from the first day of the new financial year, 2019-20.
Prime Minister Sheikh Hasina today joined a post-budget dinner hosted by Finance Minister AHM Mustafa Kamal at Bangabandhu International Conference Centre here.
Parliament on Sunday passed the Tk 5,23,190 crore national budget for the fiscal year 2019-20, themed as ‘Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh’.
The Finance Bill 2019 was passed unanimously in Parliament today with some changes in the capital market, VAT and handloom (taant) industry.
Finance Minister AHM Mustafa Kamal has said Bangladesh would not implement budget with the bank loan by 2030 and the country will provide loan to other countries.
The Export Promotion Bureau (EPB) has proposed setting a US$ 44.40 billion export target for fiscal year (FY) 2019-20, officials have said.
The real benefit of social business can be reaped, when it overtakes the traditional way of doing business.
The proposed rise in source tax on yields from national savings tools has prompted investors in large numbers to draw profits before June 30 next to avoid higher taxation.
The construction industry is set to receive a big blow once the newly-imposed VAT and other taxes on steel industry comes into effect from the upcoming fiscal year (2019-20, said steel manufacturers.
Current-account balance-to-GDP (gross domestic product) ratio improved during the second half (H2) of 2018 compared to the same period a year earlier.
Bangladesh received its highest-ever FDI (Foreign Direct Investment) inflow in 2018 with around 68 per cent growth compared to the previous calendar year.
Bangladesh could not achieve its desired economic growth through the existing anti-export bias promoting protectionism, economists said on Saturday.
Finance Minister AHM Mustafa Kamal on Saturday disclosed in parliament a list of the country's top 300 loan defaulters, who swallowed Tk 509.42 billion worth of bank money.
The government projects an additional tax revenue of Tk 365.22 billion in the next fiscal year (FY), following the enforcement of the new VAT and Supplementary Duty Act-2012.
