Corporate

Farmers to incur huge loss Zarif Mahmud: This year’s Boro season was the highest cost year for farmers. Irrigation fuel diesel and electricity prices are at record levels. Due to the drought, irrigation has also taken a lot. At the same time, fertilizers, pesticides and labor wages have increased. But…

Mahfuz Emran: On the one hand, people of all classes and professions are burning in the heat of inflation, on the other hand, it is an election year. There is a dollar crisis. Electricity and fuel situation is also not in a good position. Export earnings, remittances have decreased. Reserves…

Mahfuz Emran: There is no provision in the FY 2023-24 budget to bring the smuggled money back to the country without question. Surcharge may be increased on the wealth. Besides, the surcharge collection process will be simplified. And this time again there will be protection for the domestic industry to…

Mahfuja Mukul: The government is reining in new projects in the next financial year. This policy of conservatism has been adopted in approving new projects as part of cost-cutting initiatives. However, it has been asked to give maximum importance to the ongoing projects. 33 new projects have been added to…

Policy Research Institute Industry Desk: According to a recent estimate by the Policy Research Institute (PRI), in the current FY2022-23, the National Board of Revenue (NBR) may face a revenue deficit of Tk54,600 crore in comparison to its set target.The revenue collection target for NBR for the current financial year…

Industry Desk: Bangladesh’s total RMG exports has recorded a healthy year-over-year (Y0Y) growth of 9.09 percent for the July-April period of the current fiscal year (FY2022-23), according to the latest data released by the Export Promotion Bureau (EPB).The country’s total RMG export during this period reached US$38.57 billion, out of…

Staff Correspondent: Bangladesh’s Gross Domestic Product, or GDP, has grown by 6.03 percent in the ongoing 2022-23 fiscal year, according to State Minister for Planning Dr Shamsul Alam.The slower than forecast growth rate was shared by the state minister at a press conference following a meeting of the National Economic…

Staff Correspondent: Salman F Rahman, Prime Minister’s Private Industry and Investment Adviser, has said the Airbus aviation deal was signed to address the current shortage of aircraft of the state-owned Biman Bangladesh Airlines.“There are demands for more flights on the Dhaka-Sylhet-London route. Chattogram residents also want direct flights to London…

Staff Correspondent: The National Board of Revenue (NBR) is planning to appoint ‘agents’ to raise revenue. These agents will locate taxpayers with taxable income and TIN (Taxpayer Identification Number) in remote areas of the country. It will also encourage and assist them to submit their returns.In return a portion of…

Zarif Mahmud: The effect of falling value of rupee against the dollar is also falling in the budget. Additional allocation should be kept for payment of additional interest. This pressure has been created since the current financial year. This pressure will increase in the next financial year.The Ministry of Finance…