bKash is celebrating ‘AML & CFT Week’ to strengthen anti-money laundering and financing of terrorism activities in mobile financial sector (MFS) and increase customers’ financial security and awareness, a press release said Friday. The celebration is to mark the 20 years of journey of the Bangladesh Financial Intelligence Unit (BFIU). The week-long
Author: Times Report
Global inflation likely to maintain a rising trend
Highlights of budget for FY23
The highlights of the proposed budget for fiscalyear 2022-23 are following-- Total proposed budget-- Taka 6,78,064 crore GDP growth target 7.5 percent, GDP size-- Taka 44.50 lakh crore Revenue target-- Taka 4.33 lakh crore Budget deficit-- Taka 2.42 lakh crore (5.4pc of the GDP) The average inflation is 5.6pc in FY2022-23 Government proposes to withdraw advance
Govt to take steps to bring back money, assets acquired abroad
Food factory catches fire in Purbo Jurain
A fire broke out at a food factory in Postagola of the capital's Purbo Jurain Wednesday night. The firewas reported at 11:22pm. Seven firefighting unitsresponded to the blaze at 11:30pm. "Firefighters are trying to tame the flames. No casualties were reported and the extent of damage could not be confirmed immediately," Shahjahan
Keeping foreign reserves stable would be a great challenge: Kamal
Finance Minister AHM Mustafa Kamal today said maintaining imports at a reasonable volume and keeping foreign reserves stable would be a great challenge in fiscal year 2022-23 (FY23) due mainly to a stress on the exchange rate originating from the increased demand for US dollar in the local market. In his
10,000 gas cylinders seized in Sitakunda
In a major crackdown on unauthorised sale of cooking gas cylinders, Rapid Action Battalion (Rab) has detained 10 people and seized 10,000 cylinders in the district's Sitakunda upazila. Members of the elite force carried out raids across Sitakunda upazila on Tuesday and Wednesday in the wake of the massive fire at
ADB okays $250m for social protection in Bangladesh
The Asian Development Bank (ADB) on Thursday approved a $250 million policy-based loan to support social protection reforms in Bangladesh designed to protect vulnerable population against socioeconomic challenges.The loan will finance Subprogram 2 of the Strengthening Social Resilience Program and build on the first subprogram which implemented institutional and policy
Tk 26,066cr proposed for quality energy, power supply
Finance Minister AHM Mostafa Kamal today proposed Taka 26,066 crore for the Power, Energy and Mineral Resources Divisions in the budget for FY2022-23 to ensure quality energy and power supply in the country. "Large-scale socio-economic development activities have been undertaken for smooth implementation of the Master Plan that Bangladesh has adopted
Prices may go up, down
Some products and services may be costlier or cheaper as Finance Minister AHM Mustafa Kamal today proposed some changes to tariff on those in the new budget. There might be decrease in the prices of different products and services, including launch fare, man-made fibre, steel raw materials, paper and fabrics, wheelchair,