Md Asaduz Zaman

Reporter at The Daily Star, covering economics, planning and agriculture sectors in Bangladesh.

Digital activities to be included in census for first time

Bangladesh is set to include online economic activities of firms and households in its new census this year to cover all sectors of the country, a move that is expected to present data about the size of the expanding digital economy.

2d ago

Inflation outpaces wage growth for 29th month straight

Although wage growth in Bangladesh has been slowly climbing since July 2021, it has remained below the inflation rate for the past two and a half years, government data shows.

4d ago

Construction cost on the rise: BBS

The construction cost index in Bangladesh hit 6.01 percent in May, making it costlier to implement both public and private construction projects, according to the Bangladesh Bureau of Statistics (BBS)..As per the Building Materials Price Index (BMPI), overall construction costs saw month-o

5d ago

GDP growth tops 6% in third quarter

Bangladesh’s economy bounced back by posting significantly higher growth in the third quarter of fiscal year 2023-24 compared to the same quarter in the previous year, underlining good progress in the production of industrial goods and agricultural commodities.

6d ago

Bangladesh moves to put export data system in order

The government has initiated moves to correct the system to calculate national data in oder to avoid the repetition of the shock after the central bank reported a massive statistical mismatch linked to exports.

1w ago

Building hi-tech parks in districts: progress only 14% in 7 years

Development initiatives in Bangladesh normally take longer than usual to come to fruition. However, the project to set up a dozen hi-tech parks at the district level is moving at such a glacial pace that it may hold the government from attaining its vision of building a smart nation and readying the workforce for the digitalised world.

1w ago

NBR abandons plans to cut tax for AC, fridge and bike makers

The tax administration backtracked from its decision to levy a 5 percent tax on incomes generated by manufacturers of motorcycles, air conditioners and refrigerators until 2032, raising it to the previous rate of 10 percent.

2w ago

VAT exemptions dropped 17% in 2022

The National Board of Revenue (NBR) exempted various goods and services from value-added tax (VAT) payments to the tune of Tk 129,570 crore in 2022 to give some relief to citizens and facilitate industrialisation, thereby accelerating economic growth.

2w ago
June 6, 2024
June 6, 2024

How far have fiscal measures promoted industrialisation?

Experts and businesspeople also highlighted the challenges linked with the current tax and incentive system.

June 5, 2024
June 5, 2024

Duty benefit for washing machines, refrigerators likely to stay

For air conditioner and refrigerator manufacturing industries, the government plans to extend the existing facility to June 2026, according to the finance ministry.

June 4, 2024
June 4, 2024

Inflation hits seven-month high

Inflation, fuelled by higher food prices, climbed 15 basis points to 9.89 percent in May from 9.74 percent a month earlier, figures from Bangladesh Bureau of Statistics showed yesterday.

June 2, 2024
June 2, 2024

Social spending gets less priority in lopsided budgets

In FY22, the spending on public services increased to 15 percent of the total actual expenditure, nearly double the rate in FY09. Similarly, spending on the transport and communication sector surged to 12 percent from 4.7 percent in FY09.

May 28, 2024
May 28, 2024

ADP implementation slows to three-year low

Government spending under the Annual Development Programme (ADP) slowed to a three-year low in the first 10 months of the current fiscal year (FY) of 2023-24, with the implementation rate dropping to 49.26 percent.

May 27, 2024
May 27, 2024

Tax receipts grow at healthy clip, still NBR likely to miss target

Although a large chunk of revenue is deposited in the state coffer towards the end of a fiscal year, there might be a big gap between the revised target and the actual collection.

May 23, 2024
May 23, 2024

Govt likely to announce tax rates in advance

In the coming year, the NBR may announce tax rates that will not only be applicable for the outgoing income year 2023-24 but also for the next income year 2024-25.

May 23, 2024
May 23, 2024

Consumption stays low for two straight years as inflation bites

According to a provisional estimate of the Bangladesh Bureau of Statistics (BBS), consumption of goods and services grew 3.53 percent in 2023-24, up from 2.52 percent in the last fiscal year.

May 22, 2024
May 22, 2024

Laptops may be cheaper in FY2025

The government is planning to reduce duties on imported laptops next fiscal year in order to make the devices more affordable and bring relief to freelancers and students.

May 21, 2024
May 21, 2024

NBR plans self-assessment of tax liabilities for all firms

The National Board of Revenue (NBR) is likely to introduce self-assessment for companies from 2024-25 to allow them to determine their own tax liabilities and cut reliance on taxmen.

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