Search results for: BAN

Bangladesh Bank further eases import payment

FE REPORT 2021-01-15 08:59:55

The central bank has extended the upfront import payment regime, allowing offshore banks and external financiers to pay under the buyer's credit. Currently, domestic banks are allowed to make such an...

Stimulus-induced liquidity may create inflationary pressure

FE Online Report 2021-01-14 10:46:47

The policy relaxations by Bangladesh Bank and low-cost refinancing lines of credit along with the government's big stimulus packages to support economic activities had already injected a big liquidi...

Bangladesh to export bandwidth to Saudi Telecom

-- 2021-01-14 10:36:06

The Bangladesh Submarine Cable Company Limited (BSCCL) is set to export 600 Gbps (gigabits per second) bandwidth worth $3.6 million to the Saudi Telecom. The capacity will be transferred from the w...

Stock market regulator halts 'manipulation' probe as key index falls

FE Report 2021-01-14 09:27:36

Only a day after its issuance, the securities regulator on Wednesday deferred the execution of its order to investigate the reasons for the "abnormal" hike in share prices, trade volumes, and earnings...

Bank depositors in distress as real rate of returns recedes

FE REPORT 2021-01-14 08:57:23

The real rate of return on deposits in the money market had turned negative between the months of April and December last year. The average rate of interest on bank deposits went below or remained cl...

Economy may attain 7.40pc growth if second wave doesn’t cause downturn: BB policy review

FE Online Report 2021-01-13 20:31:18

Bangladesh economy may reach the annual growth target of 7.40 per cent in the current fiscal year (FY21) as long as the second wave of Covid-19 does not restrain the economic activities and the develo...

BB unveils monetary policy review after six years

FE Online Report 2021-01-13 19:58:48

Bangladesh Bank has released monetary policy review after six years, reviewing the central bank’s monetary policy stance for the current fiscal year (FY21). The latest monetary policy review is...

BSEC orders probe into abnormal share price fluctuation

-- 2021-01-13 19:02:29

Bangladesh Securities and Exchange Commission (BSEC) has ordered the two bourses of the country to find out the reasons behind fluctuation of prices of some shares by over 50 per cent in the past one...

Bangladesh seeks five years to prepare for graduation to developing nation

-- 2021-01-13 18:24:19

Bangladesh has sought the facilities reserved for the least developed countries for five years for preparations after graduating to the developing nation bracket. It floated the proposal at a virtual...

Bangladesh makes strong case for leaving the poor's club

FE REPORT 2021-01-13 10:24:00

The government on Tuesday presented the macroeconomic and socioeconomic progresses achieved by Bangladesh in recent times and the latest position of the country regarding graduation from the least d...

China top investor in Bangladesh's economic zones

DOULOT AKTER MALA 2021-01-13 08:57:59

China is top foreign investor in the country's economic zones (EZ) as the number of its formal proposals outstrips 13 other nations. Between fiscal year 2018 and December of 2020, China grabbed more...

Dhaka to seek revision of terms of Indian LoCs

FHM HUMAYAN KABIR 2021-01-12 08:30:24

Bangladesh would seek revision of the deals involving the Indian line of credit (LoC)-II and III as some of the provisions prove to be barriers to the smooth implementation of relevant projects, off...

Economists' policymaking role shrinks

FE REPORT 2021-01-11 08:51:14

Country's leading economists have expressed concern over the gradually lessening involvement of the economists in the policymaking process and feared that it would affect achieving sustainable develop...

Bangladesh mission in Italy honours top remittance senders

-- 2021-01-10 18:58:27

The Embassy of Bangladesh in Rome, Italy honoured five expatriate Bangladeshis and a business organisation with “Remittance Award". The five individual awardees of 2020 are Kartik Chandra Ghosh...

Japan's aid to Bangladesh surpasses WB, ADB lending

FHM HUMAYAN KABIR 2021-01-10 09:48:48

Japan has emerged as Bangladesh's largest lender in terms of aid disbursement this fiscal year, overtaking the World Bank and the Asian Development Bank. The country's biggest bilateral donor disburs...

Bidding for importing LNG from spot market to continue

FE REPORT 2021-01-10 09:38:16

The government will continue to float tenders to import liquefied natural gas (LNG) from spot market despite non-submission of 'suitable' offers from bidders over the past several months. "We'll cont...

Stock market investors enthusiastic in new year

FE Report 2021-01-09 10:50:14

Dhaka bourse welcomed the year 2021 with a robust start as investors' active participations added 220 points to the broad index which posted the highest single week gain since August 16, 2020. The...

Borrowing from banking system set to be negative, thanks to slow ADP spending

SIDDIQUE ISLAM 2021-01-09 10:22:40

The government's net borrowing from the country's banking system is expected to be negative in January, as a move is underway to repay Tk 40 million from the surplus, officials say. The ministry of...

Dhaka drops plan to negotiate FTA with US

SYFUL ISLAM 2021-01-09 08:40:07

The government has backtracked from a plan to propose the United States for signing a free trade area (FTA) deal considering its lack of preparedness, an official says. Failing to get the generalised...

Bangladesh's tax revenue increases in first half despite Covid-19 fallout

Doulot Akter Mala 2021-01-08 08:30:14

The country's tax revenue collection grew by 2.10 per cent in the first half (H1) of the current fiscal year (FY), 2020-21, although the Covid-19 pandemic hit economic activities hard. The National B...

Expats can convert Taka for transfering 75pc of income: BB rules

FE REPORT 2021-01-08 08:24:50

The central bank has relaxed regulations, allowing banks to transfer up to 75 per cent of net monthly income of the expatriate employees, by converting Taka into equivalent foreign exchange, to their...

BB eases outward remittance rules for foreigners

-- 2021-01-07 22:24:57

Bangladesh Bank (BB) further relaxed outward remittance rules for foreigners working in the country's economic zones (EZs), export processing zones (EPZs) and hi-tech parks (HTPs), reports UNB. As pe...

Downtrend in RMG export may continue until April, BGMEA president says

UNB 2021-01-07 19:15:46

President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Dr Rubana Huq has said the current downtrend in RMG export is likely to continue until April of this year. "I seek all...

Bangladesh sets target to produce 4,500 tonnes of jute seed in five years

FE Online Report 2021-01-07 17:39:35

The government has set a target to produce 4,500 tonnes of jute seed in the next five years, aiming to make the country self-sufficient in such seeds, Agri Minister Dr Mohammad Abdur Razzaque said Thu...

LDC proposal to extend trade preference after graduation yet to be backed by the rich

SYFUL ISLAM and REZAUL KARIM 2021-01-07 10:00:38

The rich nations are yet to support a request by the LDCs to extend the existing trade preferences for an additional period of 12 years after their graduation, officials said. Against this backdrop,...

Finance minister slams changing forecasts by World Bank, IMF

FE REPORT 2021-01-07 09:42:50

Finance Minister AHM Mustafa Kamal on Wednesday came down heavily on the World Bank (WB) and the International Monetary Fund (IMF) for frequently changing the forecast on gross domestic product (GDP)...

Bangladesh economy not in the middle of the pack, WB indicates

FE REPORT 2021-01-07 09:40:10

The country's economic growth rate for the current fiscal year is forecast to remain subdued at 1.6 per cent, even though the global economy may expand by 4.0 pc in 2021. For economies like Banglades...

Majority TIN-holders didn't submit tax returns; NBR may get tough on them

Doulot Akter Mala 2021-01-07 09:34:05

A total of 2.6 million or 52.41 per cent of the taxpayers remained non-respondent to the mandatory provision of submission of income tax returns by the stipulated time, prompting the National Board of...

Bank deposits surge despite lower interest rate

JASIM UDDIN HAROON 2021-01-07 09:30:20

The deposit growth in the country's banking sector increased by a record 13 per cent to approximately Tk 12.5 trillion in October last year, even as interest rate is at historic low, the central bank...

Finance minister sees no mismatch in economy

-- 2021-01-06 19:13:34

Finance Minister AHM Mustafa Kamal has reiterated that the economy of Bangladesh is in good shape as it is getting more dynamic and stronger day by day and there is no mismatch or distortion in the ec...