Hello Readers,
We hope you’re staying warm wherever you are. It’s been quite chilly in Ireland lately, but things are starting to warm up. Meanwhile, Bangladesh has been taking notable steps to cope with the cold, including a measure to close schools if temperatures drop below 10°C.
Meeting IMF Expectations: A Tough Road Ahead for Bangladesh
The International Monetary Fund (IMF) has set ambitious targets for Bangladesh as part of the conditions tied to the recent loan agreement. One key target focuses on the country’s reserve currency levels. Former Finance Minister [Name] recently commented that reaching the IMF’s reserve goals may not be feasible given the current economic circumstances. For more details on this, you can read the full discussion here.
Increased Tax Payments in Bangladesh: A Glimpse at NBR’s Goals
Recent data from the National Board of Revenue (NBR) shows a significant increase in the number of people paying income tax in Bangladesh—up by 16%. However, despite this growth, NBR faces a daunting challenge. The annual tax collection target has been set at 154,800 crore BDT, and with current rates, meeting this goal will require a drastic increase in collections. Don’t forget, the deadline for tax payments is January 31st.
Will Trump Make a Comeback?
As the U.S. approaches its 2024 election, Donald Trump is showing strong poll numbers and receiving substantial support from the Republican Party. CNN and other major news outlets have suggested that Trump may be in a favorable position, with the election shaping up to be a significant event. Expect more drama and developments as November approaches.
UK Businesses in Crisis: A Closer Look
A recent article by the Financial Times highlights a troubling trend: more than 47,000 businesses in the UK are on the brink of collapse. The report indicates that 18 out of 22 major sectors are struggling, with the situation deteriorating compared to the previous quarter. Factors such as a weak economy, inflation, and mismanagement are primarily to blame.
Other Interesting Tidbits:
- Tesla faced a challenging start to 2024, with a noticeable drop in stock prices.
- Apple’s Vision Pro has already sold nearly 200,000 units since pre-orders began.
- The S&P 500 and other stock markets, including Bangladesh’s, had a strong week.
We hope you found today’s update insightful. Feel free to share your thoughts or favorite parts of this post on social media, and don’t forget to mention Khalid Farhan, today’s writer.
Stay tuned for more updates and have a great weekend!