Bangladesh
Bangladesh
Eggs don’t comein 1.5 months
When potato will come? Staff Correspondent: The weapon of ‘import declaration’ alone is no longer working to reduce prices. A month and a half has passed since permission was given to import 18 crore eggs in several phases. Commerce Minister Tipu Munshi assured several times that ‘eggs are coming’. Not…
Read More »Banks are helpless for liquidity crisis
Mahfuja Mukul: Disbursed loans by banks are not being recovered. Most of the customers are not repaying the installments of their outstanding loans due to ongoing economic meltdown. Some commercial banks have become helpless. Banks that have never faced cash crisis are now turning to the central bank to meet…
Read More »Bangladesh moves towards cashless society: Hasina
Taka Pay card launched Staff Correspondent: Prime Minister Sheikh Hasina on Wednesday said her government seeks to build a cashless society in a bid to reduce corruption, expedite development and ease revenue collection.“When we will be able to build the cashless society, it will curtail corruption. The development of the…
Read More »Govt determined to harness potential of blue economy
Staff Correspondent: Fisheries and Livestock Minister SM Rezaul Karim on Tuesday said that the government is determined to harness the potential of the ocean-based economy to build a developed and prosperous Smart Bangladesh.The minister made the remarks while addressing as the chief guest at a function marking the passing parade…
Read More »Election will be on time, BNP can’t stop it: Hasina
Staff correspondent: Prime Minister Sheikh Hasina on Tuesday said BNP won’t be able to stop the next general election by resorting to violence as they had failed to foil the 2014 and 2018 polls.“They won’t be able to stop the election in such a way (through unleashing violence). They couldn’t…
Read More »No positive initiative to boost forex reserve
Only imports under control Zarif Mahmud: Apart from import control, all instruments to increase foreign exchange reserves of the country are directional or negative. Foreign exchange earnings include exports, remittance flows, foreign investment and foreign grant flows are in the negative trends. The income of other sectors including services from…
Read More »Government debt to be Tk 24.39 tr in 5 years
Projection of Finance Ministry Mahfuz Emran: Declining growth in revenue collection is putting pressure on government expenditure. The government is forced to borrow from various sources. Sometimes this loan is taken from central bank, sometimes from commercial bank. Sometimes the government is raising loans directly from the people through the…
Read More »Jamuna river route to be reactivated
Estimated cost Tk 620.41 cr Farhad Chowdhury: The World Bank is supporting the development of the Jamuna river waterway. The project is being undertaken as part of the centenary delta plan undertaken by the government. Under this, the Jamuna river will be controlled and the waterways will be developed up…
Read More »Foreign loan interest payment up 176pc
Saleh Ahmed Hussain: The government’s expenditure on interest payments on foreign loans has increased significantly. In the first quarter of the current financial year, compared to the same period of the previous financial year, the government’s expenditure on this sector has increased by 176 percent. Between last July and September,…
Read More »Per capita debt stood at Tk 40,216 in Bangladesh
Staff Correspondent: According to Finance Minister AHM Mustafa Kamal, the per capita debt of the people of the country is $ 364.85 (Tk 40 thousand 216, one dollar is Tk 110.23). He said that the status of foreign debt till June 2023 is $62,312.71 million (temporary). Out of which multilateral…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
