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Search date: 10-07-2019 Return to current date: Click here

Tainted money whitening offers have little effect

The existing black money whitening facility through voluntary disclosure of undisclosed income drew a poor response in the last three fiscal years (FYs), as only Tk 1.96 billion money was legalised in that period.In the just-concluded FY, 2018-19, some 85 people availed the facility. They legalised a sum worth Tk...

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Govt borrowing beyond monthly auction

The government is increasingly borrowing from the banking system going beyond the regular monthly calendar of auctions. Primary dealers (PDs) said the government had borrowed money six-times over the past six months, hurried and unusual in recent years.This signifies that the public sector is failing to finance its widening budget...

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Inflation cools in FY’19 after steep increase

After a sharp rise, the average inflation rate fell to 5.48 per cent in the just-concluded fiscal year, the government said.The inflation rate is 0.08 percentage points lower than the government's 5.6 per cent target in 2018-19 fiscal.But the average inflation rate in FY'18 was higher at 5.78 per cent....

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ADP execution 94pc in FY’19

The overall annual development programme (ADP) implementation rate rose to 94 per cent in the fiscal year (FY) that just went by, official data showed.The government's high spending rate in June propelled execution of the development programme, it disclosed on Tuesday.In June alone in FY 2018-19, according to the data,...

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Pullers halt demo, give two days’ ultimatum

The troubled rickshaw pullers suspended their demonstration on Tuesday evening, giving two days' ultimatum to withdraw restrictions on the movement of their pedalled vehicles on three major city roads.If the government does not lift the ban by July 11, they have avowed to take to the streets again.Before issuing the...

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Proposed land-based LNG terminal to double BD’s regasification capacity

The government is working towards setting up a land-based LNG terminal, which will double the country's regasification capacity to 15 million tonnes per year by June 2023.Presently, two LNG import terminals having floating, storage, regasification units (FSRUs) with a capacity of 3.75 million tonnes per year each are operating at...

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News Watch (10-07-2019)

Rape suspect, ‘drug dealer’ killed in ‘gunfights’ A rape suspect and an alleged drug dealer were killed in gunfights on Tuesday. A rape suspect was killed in an alleged shootout with police in Mymensingh's Bhaluka upazila. The incident took place at Hatiber village of Uthura. The dead Saiful Islam, 40,...

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