Economy

Dr. Reforming the financial sector, increasing productivity, addressing the adverse effects of climate change, human resource development and private sector expansion or investment. It is necessary to adopt and implement effective action plans in short, medium and long term in order to face these challenges. Reforms in the banking sector are also necessary in the…

The share market has seen the highest price drop in three and a half years. The main price index of Dhaka Stock Exchange (DSE) DSEX lost 149.20 points to 4965.39 points as most of the companies’ share prices fell on Sunday. The index decline rate is 2.91 percent. Considering the rate of decline, today’s decline…

Three strong banks have given a total of Tk 1,640 crore loan assistance to six weak banks suffering from liquidity crisis. This information was revealed by Bangladesh Bank sources today. According to sources, strong banks are giving loans to help weak banks suffering from liquidity crisis. In this, the weak banks facing liquidity crisis are…

New budget support of at least 4.5 billion dollars is expected from the World Bank and the International Monetary Fund (IMF) to implement the government’s reform program. Of this, $3 billion may come from the IMF and $1.5 billion from the World Bank. The issue of financing will be discussed at the World Bank-IMF annual…

The governor of Bangladesh Bank said that 18 thousand crores of debt has been paid without touching the reserve. Ahsan H. Mansoor. Advising to be patient without worrying about investment and growth at the moment, he said, Bangladesh Bank has paid off the debt of one and a half billion dollars (17,870 crores as Taka…

The National Board of Revenue (NBR) has exempted VAT on refined and unrefined soybean and palm oil to control the price of edible oil in the market. NBR chairman on Thursday. A separate order signed by Abdur Rahman reduced VAT on edible oil. The order waives the value added tax or VAT of 15 percent…

Managing Director (MD) and CEO of Bangladesh Commerce Bank resigned. Tajul Islam He submitted his resignation citing ‘personal health reasons’. It is known that he has withdrawn all the money from his bank account. He submitted his resignation in the bank’s board meeting on Monday. The relevant source of the bank confirmed this information. Tajul…

In the current financial year, the economic growth in Bangladesh may decrease to 4 percent. The World Bank forecasts weak growth in investment and industry and moderate growth in agriculture as a result of recent floods.  The World Bank’s South Asia Development Update published today on Wednesday said that Bangladesh’s growth will slow down to…

In the first eight days of this month, remittances of 790 million dollars have arrived. 45 million dollars came in the same month of the previous year. In other words, in these few days of October, the remittances came more than 34 million dollars or 75.17 percent. The growth in remittances was 80 percent in…

Compared to two years ago, the dollar flow in the country has improved considerably. Import liabilities and foreign debt repayment pressures have also come down. However, despite the increase in dollar supply, the country’s banks are not at ease with foreign trade. Reluctance to open Letters of Credit (LC) is increasing as foreign banks reduce…