Corporate

Staff Correspondent: Finance Minister AHM Mustafa Kamal yesterday said that the proposed budget for the next fiscal year (FY24) has been awarded to all sections of people, including rich and poor, while all the projections made in the budget would be attained as like the previous years.“We’ve awarded this budget…

Industry Desk: The New Development Bank (NDB) is eager to finance Expanded Dhaka City Water Supply Resilient Project and Replacement of Gas Pipeline between Dhaka and Narayanganj Project.The New Development will provide $677 million loan for the development of the water and sanitary sector and the gas sector of Bangladesh.NDB…

Mahfuz Emran: The first budget of Bangladesh after independence was announced on June 30, 1972. The size of the country’s first budget announced by the then finance minister of the Awami League government, Tajuddin Ahmed, was Tk 786 crore. After 52 years, the country’s 53rd budget (FY2022-23) will be presented…

Zarif Mahmud: Finance Minister AHM Mustafa Kamal will present the last budget of the current government in the National Parliament today. This year’s budget emphasizes new income tax laws and tax hikes, prioritizing International Monetary Fund (IMF) conditions over election-time populism.The finance minister has drawn a table for tax collection…

Staff Correspondent : Four state-owned banks Sonali, Janata, Agrani and Rupali are taking over huge distressed loans of Navana, one of the country’s leading industrial groups, which is on the brink of bankruptcy. The group has such loans to 20 non-banking financial institutions (NBFIs) of around Tk 950 crore.By doing…

Zarif Mahmud: The financial condition of several life insurance companies operating business in the country have weakened due to various irregularities. The financial condition of the companies has become so fragile that they are not able to pay the insurance claims of the customers properly. In this situation, the regulatory…

Mahfuja Mukul: In the next (2023-24) financial year, the allocation for the food sector is decreasing by Tk 2,519 crores. The total allocation for this sector is Tk 20,695 crores.In the current budget, Tk 23,214 crores have been allocated to this sector. However, experts feel that it is necessary to…

Professor Shibli Rubaiyat-ul-Islam Industry Report: The economy of the country has huge potentials. There is no alternative to increase investment and employment to exploit this potential. The government is also serious about this. But long-term stable policy is necessary to increase investment.Because, changing business laws, various policies and facilities repeatedly…

Industry Desk: Despite the steady growth in tea production over the past decade, Bangladesh’s tea exports have taken a hit due to mounting domestic demand, driven by a growing population and urbanisation.The trend is observed as Bangladesh celebrates the World Tea Day.According to the state-run Bangladesh Tea Board (BTB), tea…

FBCCI President Jasim Uddin Industry Report: The ongoing Russia-Ukraine war has changed the face of the world economy. In this situation, the budget should be formulated realistically, taking into account the global context and internal capacity.Better not to have an ambitious budget. Jasim Uddin, president of FBCCI, the apex body…