Financial account deficit keeps widening

Bangladesh's financial account deficit is still widening, signaling that the pressure on the foreign exchange regime will continue in the upcoming days.
3 April 2024, 15:46 PM

NBFIs asked to form willful defaulters’ identification unit by April 30

The unit will identify whether defaulting borrowers (individuals and institutions) are willful defaulters, as per the central bank notice issued on the day.
3 April 2024, 12:09 PM

Bangladesh lost Tk 2 lakh crore in potential VAT

The WB measured VAT losses based on an analysis of the VAT gap -- an estimate of the overall difference between theoretical VAT revenue and the amount actually collected.
3 April 2024, 00:45 AM

Economy to post subdued growth for at least three years

The multilateral lender said the economy would grow at 5.6 percent in 2023-24, lower than the South Asian average of 6 percent for 2024. Annual GDP growth averaged 6.6 percent in the decade before the pandemic struck the world in 2020.
3 April 2024, 00:45 AM

Exports top $5b for fourth straight month

Overall exports posted a 4.39 percent growth to $43.55 billion in the July-March period of the current financial year.
3 April 2024, 00:45 AM

Form a cell to fix prices of construction materials

The Real Estate and Housing Association of Bangladesh (REHAB) has demanded the formation of a "monitoring cell" to determine the prices of construction materials and ensure the quality of products.
3 April 2024, 00:45 AM

Stocks fall for second day

There were also positive changes in the market capitalisation of food and allied, engineering, and telecommunication scrips, it said.
3 April 2024, 00:45 AM

Traffic congestion costs Old Dhaka its title as key trading hub

Traffic congestion inflicted by unplanned urbanisation and expansion reduces the country's overall GDP by 2.9 percent.
2 April 2024, 16:26 PM

Conflicting lighter vessel owners reconcile

Nasir announced that three organisations of the lighter vessel owners would start giving serials and allocating vessels from a single platform from March 23.
2 April 2024, 14:27 PM

Govt’s interest expenses jump 26% in 6 months as funds get costlier

The interest costs for domestic loans increased 13.58 percent to Tk 42,313 crore while the same for foreign credits surged 195.81 percent to Tk 7,910 crore.
2 April 2024, 00:22 AM

bKash now offers payments on credit through City Bank

Subject to eligibility, customers can instantly borrow Tk 500 to Tk 30,000 to directly buy a product or service. No interest will be imposed if the loan is repaid within seven days.
2 April 2024, 00:21 AM

Banglalink propels mobile subscriber growth in February

Mobile network operators -- Grameenphone, Robi, Banglalink and Teletalk -- collectively added about 9.2 lakh customers during the month, taking the total mobile subscriber base to 191.3 crore.
2 April 2024, 00:10 AM

Cotton growers to get govt incentive for the first time

Some 12,375 farmers in 26 districts will be provided free-of-cost incentives in the form of hybrid cotton seeds, urea, Diammonium phosphate (DAP), Muriate of Potash (MoP), and pesticides.
2 April 2024, 00:10 AM

Stocks plunge again

In its daily market update, Shanta Securities said the market movement was driven by negative changes in the market capitalisation of travel and leisure, paper and printing, and bank scrips.
2 April 2024, 00:10 AM

Govt allows Nagad Digital Bank owners to hold higher-than-usual stake

Nagad Digital Bank has issued 12.50 crore shares among seven sponsors. Of them, three companies -- Osiris Capital Partners (USA), Blue Haven Ventures (USA) and Finclusion Ventures Pte Ltd (Singapore) -- hold more than 10 percent shares.
2 April 2024, 00:10 AM

Initiate steps to end forex shortage: FBCCI

The reserves stood at $19.45 billion on March 27 whereas it was more than $41 billion two years ago.
1 April 2024, 00:58 AM

BB cuts margin for banks as interest rate soars

The decision comes as the SMART crossed the double-digit mark and stood at 10.55 percent at the end of March, reflecting the tighter liquidity situation in the financial sector of Bangladesh.
1 April 2024, 00:58 AM

Digital currency: Is it the future of money?

CBDCs are a form of digital currency regulated by a country's central bank. They are similar to cryptocurrencies, but their value is fixed by the central bank.
1 April 2024, 00:58 AM

More CEOs expect economic improvement this year

About 36 percent of the CEOs are expecting the economic growth rate to improve, compared to 31 percent in a similar survey conducted last year.
1 April 2024, 00:04 AM

Preparation underway for bank reform commission

He, however, could not say immediately when exactly the commissions will be constituted.
1 April 2024, 00:03 AM