Dhaka February 24, 2025, 10:32 pm
The country's merchandise trade deficit with the rest of the world narrowed in the past fiscal year (FY'19), despite slight rise in imports, the central bank said on Monday.
A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021.
Korea has shown interest to invest in 10 public-private partnership (PPP) projects in the aviation, rail and power sectors under government-to-government arrangements.
All the 59 commercial banks are likely to be allowed to handle "challan" that serves as the biggest instrument of submitting money to the public exchequer.
The government has targeted $45.50-billion earnings from merchandise exports in fiscal year (FY) 2019-20, projecting 12.25 per cent growth over that of the last fiscal.
The Planning Commission (PC) is going to be tough on the public agencies which revise their development projects repeatedly.
Bangladeshi expatriates sent home 1.56 billion US dollars in July, the first month of the current 2019-20 fiscal year, a central bank official has said.
Authorities concerned met on Monday in the wake of an announcement in the budget to grant 2.0 per cent incentives for remitters as part of its efforts to encourage them to send money through the banking channel.
The Bangladesh Bank will issue a circular immediately asking the scheduled banks to ensure single-digit interest rates on both lending and deposit.
The country's apex chamber on Saturday said the central bank's lower private credit growth target would impact investment, especially in smaller firms.
At least 10 projects have been suffering from the implementation delays as the World Bank's fund meant for Bangladesh has dried up, officials said.
Finance minister AHM Kamal on Thursday lashed out at the officials of the BASIC Bank for their failure to improve the financial health of the troubled state lender.
The central bank announced on Wednesday "cautiously accommodative" monetary policy statement (MPS) for the current fiscal year aiming to achieve higher growth while taming inflationary pressures.
Finance Minister A H M Mustafa Kamal said he will recover the entire volume of money, embezzled from banks by various conglomerates like Hallmark Group.
Tax revenue collection posted an aggregate shortfall of Tk 571 billion in the fiscal year (FY) 2018-19 against its revised target, recording 10.7 per cent growth over the corresponding year.
Subsidy is required to successfully implement crop insurance system in the country, Dr Shameem Hassan Bhuiyan, a crop insurance expert, told a roundtable at a city hotel on Wednesday.
Policy makers and experts have emphasised ensuring human dignity for all through expediting financial inclusion initiatives, saying that development without human dignity as the quintessential purpose is not a worthy goal.
Finance Minister AHM Mustafa Kamal has said five per cent tax at source will be applicable from July for investment of up to Tk 500,000 in all types of savings certificates.
Japan has lowered its target for economic growth forecast for this year largely due to weaker exports, in a sign the protracted US-China trade war is taking a bigger toll on the world’s third-largest economy.
The Netherlands has reassured Bangladesh of extending its support for implementing the Bangladesh Delta Plan 2100.
