Rawhide prices have hit rock bottom again during the Eid-ul-Azha owing to syndication by unscrupulous traders and falling demands for...
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Special Correspondent :Bangladesh has sought US$18 billion Chinese funds for implementing 26 priority projects whose implementation has been delayed for years due to lack of foreign assistance.The fund is out of the total $24.5 billion committed during the visit of Chinese President Xi Jinping to Dhaka in October 2016, official sources said.Economic Relations Division (ERD) under the Ministry of Finance has recently sent a letter to the Chinese government seeking the fund under the Government Concessional Loan / Preferential Buyer’s...
Like everywhere else in the world, the Bangladesh’s aviation Industry has suffered considerable damage as a result of the COVID-19...
Coronavirus stimulus package remains elusive for businesses as banks take tedious approach to clear key procedural hurdle to advance the package designed to provide economic relief to workers and industries battered by the coronavirus outbreak.The government announced Tk 1,03,117 crore stimulus package as economic responses to support the emergency health care services, food security, protect jobs and recover the loss of the economy, caused by Covid-19. The package is supposed to be distributed by the banking sector under the guidance...
As the nation’s coffer remains under pressure amid Covid-19 economic disruptions, the government is betting high on bank borrowing to...
Private hospitals in Dhaka are charging exorbitant fees from Covid-19 patients exploiting the ongoing pandemic situation.These hospitals are rolled out multiple package schemes from Covid-19 patents starting from Tk 3-4 lakh for a minimum 14 -day stay. This is sharp contrast to the free of cost treatment at the government hospitals.The upper limit of packages is even higher and the hospital authorities even insist on advance payment before admitting the patients. Public hospitals are flooded with patients as the spike...
More than one lakh Bangladeshi migrant workers in Maldives are passing an extremely inhumane life as companies and employers of the Island nation kept them unpaid amid coronavirus lockdown.Being financially crippled, the migrant workers are now living in teeming alleys that are a haven for the virus. Maldives confirmed a community spread in mid-April, and while the greater Male region was immediately placed on lockdown, and authorities began lockdown easing in late May. Sources said, companies and employers in Maldives...
The corruption in health sector comes to fore again in the wake of the JKG and Regent Hospital scandals and irregularities over supplying Covid-19 protective gears and medical equipment purchases during the coronavirus pandemic.Terming the latest graft incidents just a ‘tip of iceberg,’ good governance campaigners and rights activists called for the government political commitment to uproot ‘deep-rooted’ corruption in the health sector.“The coronavirus epidemic has once again exposed the country’s fledgling public health care system. Graft instance being exposed...
The construction of Metro Rail, a priority project of the government, is slowing down due to Covid-19 pandemic. So far...
Revenue officials are reportedly chasing people and companies aggressively to maximise collections by the year amid huge collection deficit caused by global economic crisis and nationwide shutdown in the wake of Covid-19 pandemic.But many believe the tax authority should take a ‘benevolent approach’ in this crisis situation without going aggressive in hunting arrear taxes from companies and individuals.“Taxmen are becoming more forceful in collecting arrear tax although we are facing teething troubles,” a business leader told The New Nation on...
Economists have described the proposed national budget for 2020-21 as ‘unrealistic and unimplemenatable ‘ as most of the budgetary goals...
The bank borrowing by the government rose sharply this fiscal amid economic downturn caused by coronavirus outbreak.The borrowing during the July-May period of the current fiscal ( 2019-20) also surpassed the budget target by 35.74 per cent or Tk 16,932 crore, the central bank officials said.In May alone, the government borrowed Tk 6,367 crore from banks to bridge the shortfall between the public expenditure and income from tax receipts. Earlier, the government set Tk 47,363 crore borrowing target from banks...