New Delhi, June 27 (IANS) Bangladesh Finance Minister Amir Khosru Mahmud Chowdhury told parliament that the country’s total external debt stood at $78.22 billion as of March this year, and warned that the country’s debt‑servicing obligations are set to rise in coming years, a new report has said.Around 61.97 per cent of the external debt is concessional while 38.03 per cent is non‑concessional, the report from Dhaka-based The Business Standard cited the minister as saying.Further, the mini…
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New Delhi, June 19 (IANS) Poor oversight of cross‑border trade in hazardous electronic waste has left Bangladesh a net importer of e‑waste, raising alarms about environmental and public‑health risks, a new report has said.The report from Eco-Business cited a National Board of Revenue (NBR) document showing 40 companies declared imports under HS code 8549 — the customs code for e‑waste — multiple times from 2022 to 2025, in apparent breach of the Basel Convention.Combined imports under …
New Delhi, June 13 (IANS) Bangladesh’s official budget and revenue shortfalls may mask a deeper crisis in ethics and good governance, and the country is expected to continue in the same trend unless “corruption and extraction are reduced”, a report has said.The report from Bangladesh-based The Business Standard argued that the estimated losses from corruption, overpricing, inefficiency, and systemic extraction could possibly exceed the budget deficit itself.The National Board of Revenue has as…
New Delhi, March 10 (IANS) Overall inflation in Bangladesh rose to 9.13 per cent in February from 8.58 per cent in January, touching the highest level in 10 months, a report has said.The surge in inflation was driven by rising food prices ahead of Ramadan and election‑related spending, the report from Daily Star said.The Consumer Price Index rose above 9 per cent for the first time since May last year, marking the fourth consecutive monthly surge, since inflation touched a 39‑month low of 8….
New Delhi, Jan 27 (IANS) Bangladesh could fall behind peer nations and competing economies without radical reforms in tariffs and trade facilitation within five years, an economist warned, according to a new report.Bangladesh-based media house ‘The Daily Star’ cited chairman of the Policy Research Institute of Bangladesh Zaidi Sattar calling for urgent reforms as the country has not undertaken significant trade policy reforms for around 16 years.Zattar warned at an event marking International Cu…
New Delhi, Jan 19 (IANS) Corporate taxpayers in Bangladesh are facing deep uncertainty with no clear point at which tax liabilities can be regarded as final as repeated audits are carried out of the same compliant taxpayers which is not only inefficient but undermines trust and discourages formalisation, according to Unilever Consumer Care Ltd Chairman, Masud Khan.A tax system that repeatedly audits the same compliant taxpayers is not only inefficient; it undermines trust and discourages formali…