Chinese Ambassador to Bangladesh Yao Wen said he expects more cooperation in projects, trade and finance with Bangladesh.
Islami Bank, Social Islami Bank and First Security Islami Bank lent about Tk 9,500 crore under suspicious circumstances, as reported by different media. Of the sum, Tk 7,246 crore has been taken from Islami Bank alone.
Finance Minister AHM Mustafa Kamal today told the parliament that as of March this year, the amount of defaulted loans in the country was Tk 126,369 crore.
Wishy-washy -- is what best describes the government’s stance on scaling up its narrow revenue base, which is posing to become the Achilles’ heel to Bangladesh’s growth aspirations.
Over the last 50 years of Bangladesh’s existence, we have seen many finance ministers. AMA Muhith was among those few who this nation will remember for making the job appear joyful and free from the pains of balancing difficult trade-offs amid resource constraints.
Finance Minister AMA Muhith yesterday said necessary steps will be taken regarding the alleged loan irregularities at state-owned Janata Bank.
Bangladesh's debt burden would not increase much even if the government borrowed $12 billion from Russia to build the Rooppur nuclear power plant, Finance Minister AMA Muhith said yesterday.
The banking sector was tainted by a series of scams, including some massive thefts, according to Finance Minister AMA Muhith.
Finance Minister AMA Muhith admits in Parliament that there are some irregularities in the banking sector and it is massive at times.
Bangladesh's debt burden would not increase much even if the government borrowed $12 billion from Russia to build the Rooppur nuclear power plant, Finance Minister AMA Muhith said yesterday.
The banking sector was tainted by a series of scams, including some massive thefts, according to Finance Minister AMA Muhith.
Finance Minister AMA Muhith admits in Parliament that there are some irregularities in the banking sector and it is massive at times.
The Finance Minister has proposed a mega Tk.3.4 trillion budget for the upcoming fiscal year 2016-17. It is about 29 percent higher than the revised budget of the outgoing fiscal year.
Finance Minister AMA Muhith who recently placed his tenth budget for Bangladesh announces he will not participate in the next Jatiya Sangshad elections.
The government is considering a further fuel price cut to pass on to consumers the benefit of low fuel prices on the international market, said Finance Minister AMA Muhith yesterday.
Finance Minister AMA Muhith yesterday said he deliberately set an ambitious revenue generation target in the upcoming budget, hoping for more tax collection by the National Board of Revenue. “I have said in the budget speech that it is deliberately ambitious,” he told reporters at a post-budget briefing in the capital's Osmani Memorial Auditorium.
The finance minister has presented the 45th annual budget of Tk3.4 trillion that is 29 per cent bigger than the last fiscal.
While economists have praised the proposed budget's emphasis on mega projects, skill development and job creation, they have termed the revenue generation target very ambitious.
The cost of using a mobile phone would go up by more than two percent as the proposed budget looks to hike the supplementary duty on SIM usage.
