• Debt burden won't rise much

    Bangladesh's debt burden would not increase much even if the government borrowed $12 billion from Russia to build the Rooppur nuclear power plant, Finance Minister AMA Muhith said yesterday.

  • Some massive thefts in banking: Muhith

    The banking sector was tainted by a series of scams, including some massive thefts, according to Finance Minister AMA Muhith.

  • Massive theft in banking sector: Muhith

    Finance Minister AMA Muhith admits in Parliament that there are some irregularities in the banking sector and it is massive at times.

  • Muhith won’t contest in next general polls

    Finance Minister AMA Muhith who recently placed his tenth budget for Bangladesh announces he will not participate in the next Jatiya Sangshad elections.

  • Muhith hints at further cut in fuel prices

    The government is considering a further fuel price cut to pass on to consumers the benefit of low fuel prices on the international market, said Finance Minister AMA Muhith yesterday.

  • Ambitious targets set deliberately

    Finance Minister AMA Muhith yesterday said he deliberately set an ambitious revenue generation target in the upcoming budget, hoping for more tax collection by the National Board of Revenue. “I have said in the budget speech that it is deliberately ambitious,” he told reporters at a post-budget briefing in the capital's Osmani Memorial Auditorium.

  • Revenue target very ambitious

    While economists have praised the proposed budget's emphasis on mega projects, skill development and job creation, they have termed the revenue generation target very ambitious.

  • Mobile bills to go up

    The cost of using a mobile phone would go up by more than two percent as the proposed budget looks to hike the supplementary duty on SIM usage.

  • real-estate

    Proposal to reduce withholding tax rates for real estate sector

    With a plan to relieve big cities including Dhaka of the pressure of excessive population, Finance Minister AMA Muhith proposes to reduce withholding tax rates for real estate sector in the 2016-17 fiscal year budget.

  • cybercrimes

    Muhith proposes regulatory framework to fight cybercrimes

    Finance Minister AMA Muhith propose to place a monitoring and regulatory system to fight cybercrimes.

  • No change in tax-exempted income threshold for individuals

    The government has decided not to bring any change to seven tax rates, which include tax-exempted income-threshold for individual tax payers.

  • Budget to get 30pc bigger

    The size of the upcoming budget may go up by 30 percent from the current fiscal year's revised outlay as the government seeks to fast-track the giant projects and complete one or two in its current tenure. The planned Tk 340,600 crore budget for fiscal 2016-17 would be 17.4 percent of the gross domestic product. In terms of share in the GDP, the planned budget is almost the same as the budget of fiscal 2015-16.

  • JS budget session from June 1

    The 10th Parliament goes into its third budget session on June 1, says a Parliament Secretariat press release.

  • BB heist: Govt determined to take steps against all, says Muhith

    Finance Minister AMA Muhith says that the government is determined to bring all those involved in stealing money from the central bank’s account with Federal Reserve Bank of New York – be it foreigners and local.

  • Muhith defends uniform VAT

    Consumers might be slapped with a uniform 15 percent value added tax from next fiscal year as Finance Minister AMA Muhith

  • 15% uniform VAT from next fiscal: Muhith

    Despite opposition from businesses, Finance Minister AMA Muhith says a uniform 15 percent VAT will be applicable from next fiscal year.

  • Tarana for tax cut on handsets import

    Telecom division urges finance ministry to review tax and VAT structures on mobile handsets and accessories to make smartphones affordable to boost internet penetration.

  • Fazle Kabir, Bangladesh Bank

    Fazle Kabir to be made new BB governor: Muhith

    The government decides to appoint former finance secretary and incumbent chairman of state-run Sonali Bank Fazle Kabir as new governor of Bangladesh Bank (BB), Finance Minister AMA Muhith says.

  • AMA Muhith

    Muhith cancels press conference

    Finance Minister AMA Muhith has cancelled his press conference minutes after the Bangladesh Bank governor resigned over the recent heist of $101 million out of the bank’s account with New York’s Federal Reserve Bank.

  • Muhith fumes at central bank

    Finance Minister AMA Muhith yesterday said he would take action against Bangladesh Bank for keeping him in the dark for more than a month about the theft of $101 million from the BB account with the New York Federal Reserve Bank. The central bank came to know about the incident two days after cyber thieves stole the money from the BB account on February 4 midnight when all the BB staff went on the two-day weekly holiday, according to BB officials.

  • 14 personalities, Navy to get Independence Award

    The government decides to decorate 14 distinguished personalities and Bangladesh Navy with this year's Independence Award-2016 in recognition to their glorious and credible contributions in the national level.

  • Muhith’s no comment about money Pakistan owes to Bangladesh

    Finance Minister AMA Muhith declines to say anything about the fate of the money Pakistan owes to Bangladesh in different heads.

  • Tk 1 crore or more in 1.14 lakh accounts

    There are 1.14 lakh bank accounts in commercial banks having Tk 1 crore or more each as of December last year, Finance Minister AMA Muhith told parliament yesterday.

  • 1.14 lakh bank accounts with Tk 1cr each in 2015

    There were 1.14 lakh bank accounts having over Tk 1 crore each in the all of the country’s commercial banks in 2015, says finance minister AMA Muhith.

  • Tax office to be set up at upazila level: Muhith

    The government undertakes initiative to set up tax office at the upazila level across the country, Finance Minister Abul Maal Abdul Muhith tells parliament.

  • US travel alert won’t hamper Bangladesh’s economy: Muhith

    Finance Minister AMA Muhith says the US travel alert for its citizens in Bangladesh will not hamper the country’s economy.

  • Govt may review VAT on tuition fees: Muhith

    Finance Minister AMA Muhith softens his position about the VAT on private universities’ tuition fees saying the government may review the decision.

  • Further cabinet reshuffle soon unlikely: Muhith

    Five days into major reshuffle in the cabinet, Finance Minister Muhith says that there would not be further change in it anytime soon.

  • Kamrul to be brought back after Eid: Muhith

    Finance Minister AMA Muhith says Kamrul Islam, an accused of 13-year-old boy Rajon killing, would be brought back home from Saudi Arabia after Eid-ul-Fitr.

  • Graft undercuts economic growth

    The Finance Minister's estimate that widespread graft takes 2 to 3 percent off the economy has serious implications for the country's development.