Finance Minister AHM Mustafa Kamal

Loan defaulter gets remittance award of BB

Bangladesh Bank has handed over the remittance award to loan defaulter and money launderer Shahjahan Bablu without scrutinising his background.
Reforms to fall flat if defaulters spared

Any reforms in the banking sector will not be effective if those are made sparing loan defaulters, says Khondkar Ibrahim Khaled, former deputy governor of Bangladesh Bank.
‘Get listed in stocks market or license to be revoked’

Finance Minister AHM Mustafa Kamal categorically says that the licenses of the insurance companies, those have not been enlisted in the stocks market yet, will be cancelled if they do not do so by the next three months.
17 firms short listed for buying LNG

The government has short listed 17 companies for buying liquefied natural gas (LNG). Cabinet committee on economic affairs approved a master sale and purchase agreement in connection to the purchase.
Khandker Anwarul Islam to be made new cabinet secy

Senior Secretary to the Bridges Division Khandker Anwarul Islam will be appointed as the new cabinet secretary, Finance Minister AHM Mustafa Kamal tells journalists.
Default loans didn’t go up: Finance minister

Finance Minister AHM Mustafa Kamal has asserted that default loans at all banks did not increase in the last six months.
Savings Instrument Tax at source to be slashed back to 5pc

Finance Minister AHM Mustafa Kamal has stepped back from his budget decision to increase the source tax on all national savings instruments to 10 percent, considering that the hike would add more burden on the fixed income groups.
‘7 state-run banks waive Tk 1200cr interest’

State-run commercial and specialised banks waived interest amounting to Tk 1,198.24 crore last year, Finance Minister AHM Mustafa Kamal tells the parliament.
‘Default loan increased by Tk 43,210cr’

The amount of total default loan in the country’s banks and financial institutions has increased by about Tk 43,210 crore since September 2015, Finance Minister AHM Mustafa Kamal informs parliament.
Names of top 300 loan defaulters disclosed

Finance Minister AHM Mustafa Kamal reveals the names of the top 300 loan defaulters in the parliament.
Savings Certificates: Matia decries proposal for tax rise

Former agriculture minister Matia Chowdhury yesterday blasted Finance Minister AHM Mustafa Kamal for his budgetary proposal to increase tax at source on family savings certificate from five percent to 10 percent.
Matia slams finance minister for increasing tax on family savings certificate

Senior Awami League leader Matia Chowdhury lambastes Finance Minister AHM Mustafa Kamal for increasing tax on family savings certificate from five per cent to 10 per cent in the proposed budget for 2019-20 fiscal.
No SRO without abnormal situation: Finance minister

Finance Minister AHM Mustafa Kamal in his budget speech in the parliament says that the government will avoid issuing statutory regulatory order (SRO) without any abnormal situation to bring transparency in the revenue management.
Kamal vows to raise tax-GDP ratio to 15pc in 2yrs

Finance Minister AHM Mustafa Kamal has vowed to raise the tax-GDP ratio to 15 percent in two years from present 10 percent, a move that needs a lot of efforts and investments from the government to achieve.
Finance minister unwell; PM presents remaining budget speech

As Finance Minister AHM Mustafa Kamal has been feeling unwell, Prime Minister Sheikh Hasina took on the task of presenting the remainder of the budget speech at the national parliament.
Less ambitious, more realistic

In a break from the past, Finance Minister AHM Mustafa Kamal will set a more realistic revenue income target in his maiden budget, but may shy away from undertaking some much-needed economic reforms.
Scope likely for whitening black money again

The government may once again offer scope for whitening black money through investment in industries to boost private investment, say finance ministry officials.
No tax hike for next five years

Finance Minister AHM Mustafa Kamal yesterday reassured taxpayers that there would be no hike in tax rates in the coming budget, rather more people would be brought under the tax net so that it widens.
Loan Defaulters: Top 20 named in parliament

As of December last year, there were 2,66,118 loan defaulters in the country, Finance Minister AHM Mustafa Kamal informed parliament yesterday.
CID probe on, Farashuddin report can't be disclosed

The government cannot disclose the Farashuddin-led committee's investigation report on Bangladesh Bank reserve heist so that probe by the Criminal Investigation Department is not “influenced”, Finance Minister AHM Mustafa Kamal told parliament last night.
‘Govt determined to bring down bank loan interest to single digit’

Finance Minister AHM Mostafa Kamal tells parliament that the government is determined to bring down the bank loan interest to the single digit.
New VAT law from July: Kamal

The new VAT law with multiple rates will be implemented from July, said Finance Minister AHM Mustafa Kamal yesterday -- clearing uncertainty among the business community on when the much-delayed rule would finally take effect.
Cyber Heist: BB to file case with NY court in 10 days

Bangladesh Bank will file a case with a New York court by this month over the cyber heist of its reserves in which $81 million was stolen nearly three years ago.
No non-performing loan from today: Finance minister

Finance Minister AHM Mustafa Kamal says there will be no non-performing loan (NPL) from as Bangladesh Association of Banks (BAB) is going to take necessary measures to check the loans.