AMA Muhith
Muhith’s body reaches Sylhet
The body of former Finance Minister AMA Muhith reached in Sylhet around 10pm yesterday (April 30, 2022) where people were waiting to see one of the region's proudest sons for the last time.
Tribute to Muhith: Epitome of optimism
Over the last 50 years of Bangladesh’s existence, we have seen many finance ministers. AMA Muhith was among those few who this nation will remember for making the job appear joyful and free from the pains of balancing difficult trade-offs amid resource constraints.
Tribute to AMA Muhith
Muhith was a freedom fighter and among the earlier diplomats who pledged their allegiance in support of an independent Bangladesh.
Three major challenges
Former finance minister AMA Muhith has said his successor faces three major challenges: increasing the size of the national budget, realising more revenue and improving the banking sector.
If PM wants…
AMA Muhith yesterday said he would remain as the finance minister for another year, if Prime Minister Sheikh Hasina wanted him to do so.
Banks to lower interest rates
Both public and private banks have decided to lower lending rates to single digits from July 1 -- a move that comes weeks after the government showered them with a raft of privileges, drawing criticism from different quarters.
Muhith mum about scams in banking sector
Despite criticism from the opposition and government lawmakers over widespread irregularities in the banking sector, Finance Minister AMA Muhith yesterday in parliament kept mum about the issue.
Why silent on troubled banks?
In a rare show of anger and frustration, some ruling party and opposition lawmakers blasted the finance minister in parliament yesterday for his complete silence on the widespread irregularities in the banking sector during his budget speech.
State banks, ICB to buy 60% shares of Farmers Bank: Muhith
Finance Minister AMA Muhith says that state owned banks and Investment Corporation of Bangladesh (ICB) will buy 60 percent shares of trouble-hit The Farmers Bank Limited.
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.
Bangladesh finance minister 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 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.
Muhith cancels press confce after governor’s resignation
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.
