AHM Mustafa Kamal
Govt to prepare master plan for roads, highways
The government will prepare a master plan for roads and highways to ensure proper design and quality in construction.
Overheated onion market: Import duty withdrawn
The government has withdrawn 5 percent duty on onion import in an effort to cool down the overheated local market following its export ban by India.
Bangladesh continues to see robust remittance inflow; $922.10 mn in 10 days
According to Bangladesh Bank data, the country received $534 million during the same period last year while $572 million in the first 10 days of August last.
Officials at the central bank said the country has been witnessing an increased trend in remittance inflow since the government’s declaration of 2 percent incentives for remittance senders in July 2019 in
Cabinet body okays LNG import from int’l spot market
The Cabinet Committee on Public Purchase on Wednesday approved 10 procurement proposals including one to import of 3.490 million British thermal unit (mmbtu) of liquified natural gas (LNG) from international open spot market.
Govt to spend Tk 3,586cr to upgrade Sylhet-Tamabil Highway
The Executive Committee of the National Economic Council (Ecnec) on Tuesday cleared six development projects, including a Tk 3,586-crore one to upgrade Sylhet-Tamabil Highway into a four-lane one.
Padma Bridge project gets time extension up to 2022
The implementation tenure of Parma Bridge project, a mega project of the country, has been extended up to 2022 as its works suffered setback due to COVID-19 pandemic and floods.
Finance Minister optimistic about achieving huge revenue collection target
The government will be able to achieve the huge revenue collection target if other economic parameters remain sound in the days to come, hoped Finance Minister AHM Mustafa Kamal.
Faulty policy might offset govt bid for strong bond market
The government's move to develop a strong bond market to provide long-term financing through giving some amenities in the proposed budget for 2020-21 fiscal might not bring any positive change due to faulty policy in providing loans from other sectors.
Tax cut of non-listed companies unlikely to benefit people: Economists
The government's move to reduce corporate tax of non-listed companies is unlikely to bring any good result for the common people, rather the multi-national companies in the country would be the most beneficiaries, said economists.
"This is very much frustrating," Honorary Professor of Department of Economics of Dhaka University Abu Ahmed told UNB over telephone.
He said that these non-listed companies usually do not pay taxes properly and they usually hide income figures."These are mainly family based companies, there is no involvement of public interest."
People get priority in budget: Finance Minister
Describing the recently proposed national budget as ‘humanitarian budget’, Finance Minister AHM Mustafa Kamal on Monday said the people have been given priority in this one.