Dhaka March 18, 2025, 1:35 am
The drop has been attributed to Bangladesh Bank's import payments of $1.99 billion last week to the Asian Clearing Union (ACU)
The new governor also stressed the need for bringing back stability in the foreign exchange market by stabilising the exchange rate between the Taka and the US dollar
Bangladesh revenue authority expects Tk 20b in taxes thru whitening Tk 300b
RHD project taken to maintain the highway is not enough to tackle the traffic and that if the steps are not taken immediately, the corridor may get saturated again and cause suffering to hundreds of thousands of users
The IMF has recently offered Bangladesh US$6.8 billion worth of policy support credit in the next few years to tackle the income-expenditure gap in the national budget
The BB came up with the move to raise import costs and check pressure on the forex reserves
The government is focusing on widening tax net by addressing the yet untapped potential
Bangladeshis staying abroad sent home over $21.03 billion in the just-concluded fiscal compared to more than $24.77 billion in the FY 2020-21
MoF issues circulars deferring funding of unimportant projects
Highlighting M&A prospects in corporate finance, stakeholders say a more streamlined process and simple codified system in line with the international best practice will help court foreign investors
Bangladesh has already started widening of its all the national highways and cross-border economic road corridor. A huge amount of financial support is required in the coming years
The highway linking Padma Bridge has the potential to grow more as it will connect three ports--Mongla seaport, Payra seaport and the Benapole land port. Besides, it will be a part of the Asian Highway
The title of the budget for the next fiscal year is "Return to the Path of Development; Leaving the COVID-19 Behind"
Taming inflation, stabilising forex reserves key targets
Export oriented sectors, including readymade garment (RMG), jute and jute products, will get the amount
PRI focuses on reform
Out of the total amount, Japan will provide 1,65,861 million Yen or approximately Taka 11,400 crore for two investment projects while another 128 million Yen or approximately Taka 9.57 crore as grant against a grant project
MPS also to care for growth
Increase of revenue collection in income tax and VAT indicates the improvement of good governance in the country.
Government will analyse IMF's proposed terms and conditions regarding different kinds of reforms tagged to the credit facility
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