Resolving inflation fully before an elected govt is difficult
Resolving inflation fully before an elected govt is difficult

Finance Adviser Salehuddin Ahmed has cited extortion as a major reason for the interim governments failure to curb high inflation. He said apart from previous extortionists, those who are trying to secure positions in politics, are also engaged in extortion. Extortionists at the local level are...

MFIs must focus on reducing urban poverty: BB Governor
MFIs must focus on reducing urban poverty: BB Governor

Bangladesh Bank Governor Dr. Ahsan H. Mansur encouraged Micro Finance Institutions (MFIs) to focus on reducing urban poverty in addition to their efforts in rural areas. The governor was speaking as the chief guest at a workshop on Micro Finance in Bangladesh, June 2024 organised by the...

Govt yet to decide on dearness allowance: Finance Adviser
Govt yet to decide on dearness allowance: Finance Adviser

The government has not yet made any decision regarding the allocation of dearness allowance (DA) for its officials and employees, said Finance Adviser Dr Salehuddin Ahmed on Tuesday, reports UNB. We have not made any decision regarding the dearness allowance yet, he told journalists in response...

Paying extra VAT better than under-the-table transactions: Finance Adviser
Paying extra VAT better than under-the-table transactions: Finance Adviser

Finance Adviser Dr. Salehuddin Ahmed has said that paying extra VAT is better than making under-the-table transactions. He made the remarks on Monday during his keynote address at a seminar titled Reforms in Customs, Income Tax, and VAT Management to Address LDC Graduation held at the NEC...

Economic reforms must take priority: Dr Salehuddin
Economic reforms must take priority: Dr Salehuddin

Finance Adviser Dr Salehuddin Ahmed emphasised that economic reforms should be the primary focus in Bangladesh, ahead of political or other types of reforms. He made the remarks while speaking at a seminar organised by the National Board of Revenue (NBR) on International Customs Day in Dhaka on...

Defaulters should be kept alive rather destroyed
Defaulters should be kept alive rather destroyed

The government must toil in consultation with stakeholders. The Finance Adviser is visiting leading industries, engaging with them and attempting their recovery. However, this must be done within the framework of minimum rules and regulations. I have spoken to all major loan defaulters, and 50%...

'Country's overall food situation satisfactory'
'Country's overall food situation satisfactory'

Finance Adviser DrSalehuddin Ahmed said, the overall food situation is currently satisfactory, although whether this is reflected in the market is a separate matter. He also reassured that the countrys food stock is in a strong position. Salehuddin Ahmed made these remarks after the meeting of...

Govt ends special OMS program for low-income people
Govt ends special OMS program for low-income people

The government has decided to discontinue the special Open Market Sale (OMS) program that provided low-cost agricultural products to low-income groups via trucks. Finance Advisor Dr. Salehuddin Ahmed announced on Tuesday that the program would cease operations starting January, following a decision...

Donor organizations positive in financial assistance
Donor organizations positive in financial assistance

Finance adviser Dr Salehuddin Ahmed has called on the banks to stand by their customers in their happiness and sorrow, rather just collecting the installments. He made the call while addressing a conference with Karmasangsthan Bank officials at Bidyut Bhaban on Sunday. The adviser said that...

South Korean special envoy to visit Bangladesh Jan 22-23
South Korean special envoy to visit Bangladesh Jan 22-23

Special Envoy of the Minister of Foreign Affairs of the Republic of Korea Ambassador Lee Jeongkyu will pay a goodwill visit to Bangladesh on January 22-23 to explore ways to expand bilateral relations between the two countries. Lee Jeongkyu will have courtesy meetings with Finance Adviser Dr...

VAT hike to have no impact on essential goods prices: Finance Adviser
VAT hike to have no impact on essential goods prices: Finance Adviser

Finance Adviser Dr Salehuddin Ahmedassured that the recent decision to increase VAT on 43 items will not impact the prices of essential goods. He made this remark while speaking to the media following a meeting of the Advisory Council on Government Procurement at the Secretariat on Thursday (Jan...

Bangladesh secures $1.16 billion WB financing for climate-resilient development
Bangladesh secures $1.16 billion WB financing for climate-resilient development

Bangladesh has secured $1.16 billion in World Bank financing to bolster its efforts in enhancing health services, improving water and sanitation infrastructure, and advancing green, climate-resilient development. The approval, announced by the World Banks Board of Executive Directors on Thursday...

Poor to get relief from Tax burden in next budget
Poor to get relief from Tax burden in next budget

The finance adviser Dr Salehuddin Ahmed said the poor people will get relief from the burden of Tax in the next fiscal year budget. He made the statement while addressing journalists at the Bangladesh Secretariat in the capital on Thursday. The adviser said: The budget for the upcoming fiscal...

Govt trying to keep prices of essentials tolerable till Ramadan: Dr. Salehuddin
Govt trying to keep prices of essentials tolerable till Ramadan: Dr. Salehuddin

Finance Adviser Dr. Salehuddin Ahmed has said that the government is working to keep the prices of essential commodities within tolerable level in the market until the Holy Ramadan, reports UNB. Were trying to ensure that the prices in the market remain tolerable. But its a tough job. The nature...

Islamic finance can be supportive tool for economic rebuilding, say experts
Islamic finance can be supportive tool for economic rebuilding, say experts

A policy meeting in Dhaka on Sunday explored how Islamic finance could play a pivotal role in rebuilding Bangladeshs economy. The event, organized in collaboration with a private bank, gathered over 100 junior scholars and industry experts to discuss how principles of Islamic finance can promote...

‘Incentives for businessmen will be reduced in next budget’
‘Incentives for businessmen will be reduced in next budget’

Finance adviser Dr Salehuddin Ahmed said in next fiscal years (2025-26) budget the incentives for businessmen will be reduced. He made the remark at annual meeting of International Business Forum of Bangladesh (IBFB) on Sunday at an ostentatious hotel at Gulshan. He said: Businessmen have to...

All commodities do not see simultaneous price drop: Finance Adviser
All commodities do not see simultaneous price drop: Finance Adviser

Finance Adviser Dr. Salehuddin Ahmedsaid fluctuations in international markets prevent a simultaneous decline in the prices of all commodities in the domestic market. He made the remarks following a meeting of the Public Procurement Advisory Committee at the Secretariat on Wednesday afternoon....

13 NBFIs spend Tk 8.3 million on Mujib Borsho celebrations
13 NBFIs spend Tk 8.3 million on Mujib Borsho celebrations

Despite facing profit challenges in recent years, 13 non-banking financial institutions (NBFIs) spent over Tk 8.32 million on celebrating Mujib Borsho, marking the birth centenary of Sheikh Mujibur Rahman. This data was provided by the Bangladesh Bank to the Financial Institutions Division (FID)...

Economic and income inequality a major concern at present: Dr Wahiduddin
Economic and income inequality a major concern at present: Dr Wahiduddin

Planning and Finance Adviser Dr Wahiduddin Mahmud said, Bangladesh is set to witness a political shift next year. At the opening session of the Annual Baltic Conference on Defence (ABCD) in Dhaka on Saturday, organized by the Bangladesh Institute of Development Studies (BIDS), he alluded to...

There will be comfort in prices of essentials during Ramadan: Dr Salehuddin
There will be comfort in prices of essentials during Ramadan: Dr Salehuddin

Finance Adviser Dr Salehuddin Ahmed on Wednesday said that there would be comfort in the prices of essentials during the ensuing holy month of Ramadan, reports BSS. Dr Salehuddin was responding to the queries of reporters after chairing two separate meetings on the Advisers Council Committee on...

Court orders to seize shares of S Alam, brother
Court orders to seize shares of S Alam, brother

A court has ordered the seizure of all shares held by controversial businessman Saiful Alam Masud (S Alam) and his brother Abdus Samad Labu in Fast Security Islami Bank and Al-Arafah Islami Bank. Judge of Chattogram Finance Court Mr Mujahidur Rahman issued the order after hearing Janata Banks...

‘15-year corruption not possible to remove in 3-4 months’
‘15-year corruption not possible to remove in 3-4 months’

Finance Adviser Salehuddin Ahmed has categorically said that the countrys 15 years of corruption and irregularities cannot be eliminated in only three or four months. However, stability has started to return to the economy which was beginning to deteriorate, he said while addressing a programme...

Salehuddin calls for inclusive public financial management reform
Salehuddin calls for inclusive public financial management reform

Finance Adviser Dr Salehuddin Ahmed has emphasised the need for a triangular approach to Public Financial Management (PFM), integrating the efforts of the public, private, and citizen sectors to ensure efficient, transparent, and accountable financial services, reports The Business Standard. In...

Govt to procure 1.5m passport booklets, 1.5m lamination foils
Govt to procure 1.5m passport booklets, 1.5m lamination foils

The government on Wednesday approved a proposal for procuring some 1.5 million passport booklets and 1.5 million lamination foils. The approval came from the 14th meeting of the Advisers Council Committee on Government Purchase this year held today at the Cabinet Division Conference Room at...

Bangladesh eyes on creating quality jobs for youths
Bangladesh eyes on creating quality jobs for youths

Finance adviser Dr Salehuddin Ahmed expressed his firm determination of making quality job opportunity for the youth of Bangladesh. He said, Our ongoing strategy for Bangladesh focuses on creating quality jobs for the millions of youths entering the job market every year. He made the remarks...

Bangladesh to receive $1.1bn from ADB, WB by Dec: Finance secretary
Bangladesh to receive $1.1bn from ADB, WB by Dec: Finance secretary

The Asian Development Bank (ADB) and the World Bank will provide $600 million and $500 million in loan assistance respectively by December 2024, said Finance Secretary Dr Md Khairuzzaman Mozumder on Tuesday. He made the disclosure during a press conference at the Ministry of Finance, organised...

Interim govt inherited economic crisis from Awami League: Finance adviser
Interim govt inherited economic crisis from Awami League: Finance adviser

Finance Adviser Dr. Salehuddin Ahmed highlighted widespread irregularities and corruption in sectors ranging from banking to development projects. The interim government has inherited a devastated economic situation from the previous Awami League administration, the finance adviser made the...

No banks to be shut down: Finance Adviser
No banks to be shut down: Finance Adviser

Finance Adviser Salehuddin Ahmed stated on Tuesday that while some banks are recovering well, others may continue to face challenges, but none of them will be shut down. Some banks are recovering. Islami Bank, the largest bank, is improving. However, some banks will continue to struggle. But we...