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Posts Tagged ‘Finance Minister’

Muhith first in disclosing wealth

September 5th, 2010 admin
Muhith first in disclosing wealth
Star Online Report

Finance Minister AMA Muhith is the first among the ministers who disclosed his wealth statement to the public.

He disclosed his wealth statement on Sunday while introducing online tax payment system at the Finance Division at Bangladesh Secretariat.

According to the wealth statement, Muhith is the owner of Tk 1,27,25,646 movable and immovable properties. He paid Tk 19,130 tax against Tk 3,49,496 taxable income.

The minister while inaugurating the new system said a target has been set to bring the entire country under the online tax submission net within a year.

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Anti-money Laundering Act to include more reporting agencies

September 5th, 2010 admin


Nazmul Ahsan

The number of reporting organizations, currently included in the Anti-money Laundering Act (AMLA) for informing Bangladesh Bank regularly about any suspicious transaction, is likely to be increased soon, official sources said.

A proposal to include at least 10 new reporting agencies has been sent to the National Coordination Committee (NCC) on Anti-money Laundering for approval.

The proposal will be placed at the next meeting of NCC to be held on Wednesday next for consideration.

Finance Minister AMA Muhith, who is also the convener of NCC, will preside over the meeting.

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Power, gas main constraints for country’s export sector: Muhith

September 3rd, 2010 admin
Dhaka, Sept 3 (UNB) – Finance Minister AMA Muhith on Friday said that power and gas are the main constraints for the export-oriented sector.

“On export we are over the harm. The main constraint is power and gas, not orders,” he said while talking to reporters at his Secretariat office.

Muhith said the government is trying to do whatever possible for increasing power generation, but it takes 8-9 months for sanction, contract and line-up.

He said at present, it would not be possible to give new power connections unless there is additional power.

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5 percent incentive for exploring new export market: Muhith

September 3rd, 2010 admin
Dhaka, Sept 3 (UNB) – Finance Minister AMA Muhith on Friday said that the government would give five percent incentive for exploring new export destinations.

“We shall give 5 percent for export to new markets. It won’t be a cash incentive… there will be a separate fund or a separate window for exploring new markets,” he told reporters after a meeting of the taskforce on stimulus package at the Ministry of Finance.

Chaired by the Finance Minister, the meeting was attended by former Finance Minister and taskforce chairman M Sayeduzzaman, Bangladesh Bank governor Dr Atiur Rahman, Finance Secretary Dr. Mohammad Tareq and National Board of Revenue (NBR) chairman Dr. Nasir Uddin Ahmed.

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