SME stimulus way lower than regional peers

The government's allocation for helping small and medium enterprises (SMEs) overcome the pandemic-induced losses is far less compared to the funds set aside for the same purpose in India, Thailand, and Malaysia, says a recent study. The findings of the study titled "The Future of SMEs after the Coronavirus Crisis: Challenges

Factories reopen as economy falters

Export-oriented industries resumed operation on Sunday, the 10th day of the ongoing stringent lockdown, amid warnings against Covid surge as workers started returning to their workplaces without maintaining health protocols. The workers in their thousands have been on their way back to their workplaces in Narayanganj, Gazipur and Mymensingh in Dhaka

Can Pakistan’s economic prioritization be realized?

South Asian leaders are slowly learning to accept the fact that the world has shifted from politics to economics and thus policies need a mind shift. The smaller non militarized South Asian states like Bangladesh, Nepal, etc are already rapidly moving towards that goal but all suffer from internal management

Remittance inflows hit record high of $24.77b in FY21

Remittance inflows hit a record high of US$24.77 billion in the just-concluded fiscal year (FY21), thanks to the expatriate Bangladeshis for sending money amid the Covid-19 pandemic. Expatriate Bangladeshis sent 36 per cent higher remittance in fiscal 2020-21 compared to the same period in the fiscal 2019-20, when it was $18.20

Bangladesh plans to upgrade rural roads

The government has planned to upgrade the country's important rural roads to double-lane ones, aiming to unlock the untapped potentials of rural Bangladesh and thus reboot its economy and ensure improved well being for its people. To achieve the goal, the government fixed a target in 2021-22 fiscal to construct3,140 km

JS passes Tk 6,03,681cr budget for FY22

The Jatiya Sangsad today passed a Taka 6,03,681 crore national budget for fiscal year (2021-2022) that aims to attain a 7.2 percent GDP growth target putting priority to the lives and livelihood of the country’s people in tandem with development amid the COVID-19 pandemic. The national budget for the next fiscal

JS passes Finance Bill-2021

The Jatiya Sangsad Tuesday passed the Finance Bill 2021 keeping the provision to whiten black money if invested in capital market, purchase of land and properties and establishment of new industries for next fiscal year. Finance Minister AHM Mustafa Kamal moved the bill in the House and it was passed by

Inflation declines to 5.26 in May

The inflation rate declined by 0.30 percent in May, 2021 as it came down to 5.26 percent from 5.56 percent in April 2021. "The general point-to-point inflation rate in May 2021 fell to 5.26 percentage point," said Planning Minister MA Mannan on Tuesday while briefing reporters after the Ecnec meeting. He said

Provision for black money whitening to continue: Kamal

Finance Minister AHM Mustafa Kamal on Wednesday said that the option for whitening black money will continue until it is erased from the existing system. “This is not black money but undisclosed money and the provision to disclose it will continue in the next fiscal as well,” he told reporters after