GDP growth rate 7.10pc, per capita income $2,793 in FY22

The gross domestic product (GDP) growth rate in the country in the last fiscal year (FY22) reached a healthy 7.10 per cent braving the shocks from the Covid-19 pandemic and the Russia-Ukraine conflict. The GDP growth rate in the country in FY21 was 6.94 per cent up from 3.45 per cent notched in FY20. The GDP growth rate in the country in FY19 was a healthy
7.88 per cent, reports BSS. According to the latest data of the Bangladesh Bureau of Statistics (BBS) issued on Sunday, the per capita income in the country in the last fiscal year (FY22) was $2,793 up from $2,591 recorded in FY21. The per capita income in FY20 was $2,326 up from $2,209 in FY19. Planning Minister MA Mannan on Sunday said that the latest GDP growth figures of Bangladesh were very good as he termed it as ‘outstanding’ considering the current global condition. He said amid the current global situation mostly because of the Russia-Ukraine conflict and the shocks of the Covid-19 pandemic, the figures were pretty good. “I was not surprised to see the figures amid the current global condition. The internal force has played its due role behind the such performance,” Mannan also noted that the strong labour force both domestically and in abroad has been continuing to give a solid foundation to the economy. He also hoped that the GDP growth rate in the current fiscal year and also in the next fiscal year would continue to keep up the current momentum despite the downward predictions by the development partners. The BBS statistics showed that the GDP size of Bangladesh in constant prices in the last fiscal year (FY22) reached Taka 3,03,51,496 million up from Taka 2,83,39,444 million recorded in FY21.

Source:  https://thefinancialexpress.com.bd/economy/gdp-growth-rate-710pc-per-capita-income-2793-in-fy22-1675606996

Launch campaigns at grassroots to boost tax

Prime Minister Sheikh Hasina yesterday asked the National Board of Revenue (NBR) to launch campaigns at the grassroots level and motivate people to pay tax as the country’s socioeconomic condition has improved radically in the last 14 years. “If you carry out campaigns there [at the upazila and union levels] in a good manner, people will spontaneously come forward [to pay tax]. They [taxpayers] are now getting services. So, people will pay tax to avail the services,” Hasina added. The premier made this comment while inaugurating the Revenue Conference 2023 at the Bangabandhu International Conference Centre in Dhaka. The NBR organised the two-day conference, which is the first of its kind, to develop the country’s revenue management system.

Source: https://www.thedailystar.net/business/economy/news/launch-campaigns-grassroots-boost-tax-3240116

Launch campaigns at grassroots to boost tax

Stocks in Bangladesh ended a three-day rise yesterday while a third of the turnover of the Dhaka bourse was of that of five companies. The DSEX, the benchmark index of the premier bourse in Bangladesh, fell 8 points, or 0.13 per cent, to close the day at 6,286. The DS30, the blue-chip index, dropped 0.20 per cent to 2,226 and the DSES, the Shariah-compliant index, also declined 0.41 per cent to 1,368. Of the securities to undergo trade, 43 advanced, 133 declined and 171 did not show any price movement. Turnover, an important indicator of the market, rose 9 per cent from that on the previous day of trade to Tk 752 crore. Of it, Tk 267 crore, or 35 per cent, was of five companies.

Source: https://www.thedailystar.net/business/economy/stock/news/five-firms-dominate-dse-turnover-3240076