Thursday, 28 Nov, 2024

Business

Gold carrying limit for passengers lowered, taxes doubled

The government has proposed Amendments to the Passenger Baggage Rules, 2016, which lowered the limit for the passengers carrying gold bars or gold pieces and impose higher taxes. In addition, Finance Minister AHM Mustafa Kamal in his budget speech proposed ensuring punishment if the

Tk 2.63 lakh crore ADP allocated in budget FY24

The size of the Annual Development Programme (ADP) for the next fiscal year (2023-2024) has been finalized at Tk 2.63 lakh crore with the highest allocation of Taka 75,945 crore (28.88pc of allocation) in the transport and communication sector. Finance Minister AHM Mustafa Kamal

Budget FY24: Tk 25,122cr proposes for agriculture 

The government has allocated Taka 25,122 crore for the agriculture especially the crop sector in the proposed national budget for 2023-24 fiscal which is only 3.29 percent of the total budget outlay. Of the proposed allocation, Taka 20,774 crore 51 lakh has been proposed for operating

Budget FY24: Tk 37,052cr proposed to deal with climate change

Finance Minister AHM Mustafa Kamal today (June 1) proposed an allocation of Taka 37,052 crore to deal with climate change impacts in the country. He made the proposal while placing the proposed national budget for fiscal 2023-24 in the Jatiya Sangsad here. In his budget speech,

Kamal imposes environmental surcharges on multiple vehicles

Finance Minister AHM Mustafa Kamal today (June 1) proposed imposing kilowatt-based environmental surcharges on multiple vehicles. He made the proposal while placing the proposed national budget for fiscal 2023-24 at the Jatiya Sangsad here. Kamal said at present, Bangladesh has

Budget FY 24: Social safety net allocation to rise 11pc

Finance Minister AHM Mustafa Kamal while placing the national budget today (May 1) proposed increasing the social safety net programme allocation by 11 percent  year-on-year for fiscal year (FY) 2023-24. He recommended allocating a total of Tk 126,272 crore, up from the current

Budget FY24: Prices may go up, down

The government on Thursday (June 1) proposed changes to duties on different products, which will result in an increase and decrease in their prices. Finance Minister AHM Mustafa Kamal placed the proposed budget of Tk 7,61,785 crore for the FY 2023-24 with a target of 7.5 GDP growth.

6% inflation target set for FY24

Inflation will remain much controlled in the next fiscal year and the annual average inflation is expected to stand at around 6 percent, said Finance Minister AHM Mustafa Kamal, in his budget speech for the FY2023-24 on Thursday (1 June).  According to his budget speech, the rate

Budget '24 FY: Tax-free income limit raised to Tk 3.5 lakh 

The finance minister on Thursday (June 1) proposed an increase in the tax-free income limit for individual taxpayers, after three years, to Tk 3.5 lakh from the existing Tk 3 lakh giving relief to marginal taxpayers. Finance Minister AHM Mustafa Kamal said this while placing the

Govt to focus on economic recovery in new budget: Kamal

Finance Minister AHM Mustafa Kamal today (June 1) said in the budget for the next fiscal year (FY24), the government will focus on sustaining the economic recovery by successfully implementing the ongoing stimulus packages. He said: "We have completely overcome the effects of the

Regional LPG conference begins at ICCB

A two-day regional LPG conference began in Dhaka on Tuesday to promote liquefied petroleum gas (LPG) as an environment-friendly fuel to free the earth from the curse of carbon emissions. World LPG Association organised the Asian Regional LPG Summit at International Convention City

Iraq increases gold reserves by 2% in one day

The central bank of Iraq expanded its gold reserves by 2% in one day last week, Bloomberg reported, stating that a bigger move into gold is in the works. Iraq purchased 2.5 tons of gold Thursday, increasing its total gold reserves to 132.73 tons, Bloomberg cited Mazin Sabah, director

Dr Philip Kotler lauds Bashundhara Tissue in his new book

Dr Philip Kotler, an American marketing author, consultant, and father of modern marketing, highlighted Bashundhara Tissue, a product of the Bashundhara Group, in his newly published book. Bangladesh edition of the book titled “Essentials of Modern Marketing” made a case

Gold prices fall by Tk 1,749 per bhori

Jewellers have lowered the price of gold by Tk 1,749 to Tk 95,694 per bhori in the market of Bangladesh. The standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Sunday. The price of 22-carat

Premier Bank & Election Commission signs agreement

The Premier Bank Ltd. and Bangladesh Election Commission signed an agreement at Bangladesh Election Commission Secretariat on Wednesday (May 24) for the collection of NID-related fees. Mr. Shamsuddin Chowdhury, Additional Managing Director of The Premier Bank Ltd., and Mr. Mohammad

Govt to buy 1.80cr liters soybean oil, 80,000 tons fertilizer

The government will procure some 1.80 crore liters of soybean oil, 80,000 metric tons of fertilizer and 12,500 metric tons of sugar to meet the growing demand of the country. The Cabinet Committee on Government Purchase (CCGP) today approved separate proposals in this regard in its

Netflix expands password-sharing crackdown worldwide

Netflix on Tuesday expanded its crackdown on users sharing passwords with people beyond their immediate family as it seeks to shore up revenue at the leading streaming television service. "A Netflix account is for use by one household," the company said in a statement.

TikTok sues Montana to overturn first US state ban

TikTok has sued to block the US state of Montana from banning residents from accessing its social media platform. Monday's lawsuit comes after last week Montana became the first US state to pass a sweeping ban on the Chinese-owned video-sharing platform. In a statement, TikTok

Regional sales conference of Bashundhara LP Gas held 

The regional sales conference of Bashundhara LP Gas Limited was held in Cox's Bazar. The conference was organized in the hall room of a hotel in Kalatali on Sunday (May 21) afternoon. According to information, more than hundred distributors and regional officials participated in

Onion import decision within 2-3 days: Abdur Razzaque

The government has said that a decision regarding onion import will be taken within two or three days. Agriculture minister Md Abdur Razzaque made the remark while talking to journalists at his secretariat office on Sunday (May 21). The minister also said, "We will take the