Finance News: Latest Financial News, Finance News today in Bangladesh

Budget to ride past bumpy road

Finance Minister AHM Mustafa Kamal admits that the budget he has crafted may have to ride past a bumpy road amid a global crunch but resolves to face challenges and advance the economy onto the set growth trajectory.Facing volleys of questions at a post-budget press briefing Friday, he also expressed...

Black money to beget more black money

The budgetary amnesty will not work properly rather facilitate further siphoning off money, says the Centre for Policy Dialogue (CPD) in strongly worded criticism of the proposed measure. In its post-budget reaction the policy think-tank also says the national budget has given further benefit to the richer and slashed the...

Be frugal in forex spending, suggests MCCI

Hailing the Tk 6.78-trillion national budget proposed amid ongoing global uncertainties, Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) suggests the government to be frugal in spending foreign currencies to ensure macroeconomic stability.In a press release issued Friday, the country's oldest trade body urged the government to consider the higher...

Keep 0.5pc source tax for five yrs, says BGMEA

Bangladesh Garment Manufacturers and Exporters Association (BGMEA), in its budgetary reaction, expressed concern over increasing source tax on export earnings to 1.0 per cent from the existing 0.5 in the proposed budget for the fiscal year (FY) 2022-23.The apparel-sector apex trade-body in a statement on Thursday also said the source-tax...

DSE hails budget for economic dev plan

The Dhaka Stock Exchange (DSE) welcomed the proposed budget for the fiscal year (FY) 2022-23 as a 'far-reaching plan' for the country's overall economic development.Finance Minister A H M Mustafa Kamal on Thursday unveiled the national budget worth Tk 6.78 trillion for the FY 23.The prime bourse expressed its gratitude...

Prayer Timings (2022-06-11)

Briefing 11-06-2022

Budgetary hopes keep stocks afloatStocks extended the gaining streak for a second straight week to Thursday as bargain hunters put fresh bets on selective issues, with an eye on the national budget. Finance Minister AHM Mustafa Kamal on Thursday unveiled a budget of Tk 6.78 trillion for the Fiscal Year...