Dhaka February 25, 2025, 9:47 am
The rate rebounded in FY22 after poor performance in the previous two consecutive years due to the impact of the Covid-19 pandemic
As per the second revision of the project, there will be civil works, rolling stocks modification, E & M system and station plaza construction from Motijheel to Kamalapur Line
Budget deficit financing swells govt debt
The central bank had earlier asked the banks to set the interest rate in line with the euro currency deposit rates. But through the circular, the BB has now made the rate competitive
The government may also be asked to readjust power and energy tariffs. The IMF loan may also be tagged with market-based exchange rate and lending rate, and reforms in the banking sector and tax administration
The state-owned Bangladesh Power Development Board (BPDB), the single buyer on behalf of the government, partially cleared the payment until February last
The ranking came in a report published by the Canadian-based news agency Visual Capitalist
The credit is from the World Bank’s International Development Association (IDA), which provides concessional financing, and has a 30-year term, including a five-year grace period
Lifting conditions regarding local value addition and gradual cut in HS Headings on apparel items are among measures envisaged as export booster after Bangladesh's LDC graduation that will banish cash incentives
If the leather sector is reformed with policy and modern technology, removing pollution from the leather industry, it can earn $5 to 10 billion annually
Bangladesh Bank in its new monetary policy has predicted that the just-concluded FY22 fiscal’s trade deficit might be a record $33.20 billion as import growth is much higher that export growth
Many people along with their family members and relatives came to visit the largest structure of the country from different parts of the country which has become the symbol of the nation’s dignity and ability
As part of the import monitoring framework, banks will now be required to report all types of foreign exchange transactions, including those of offshore banking operations
Natural gas supply to power plants has dropped to four-year low as Bangladesh suspends import of around 250mmbtu Liquefied Natural Gas (LNG) from costly international market
The main aspects of this action plan are to ensure the country's food security through increased production of all types of crops including paddy and maize
The drop has been attributed to Bangladesh Bank's import payments of $1.99 billion last week to the Asian Clearing Union (ACU)
The new governor also stressed the need for bringing back stability in the foreign exchange market by stabilising the exchange rate between the Taka and the US dollar
Bangladesh revenue authority expects Tk 20b in taxes thru whitening Tk 300b
RHD project taken to maintain the highway is not enough to tackle the traffic and that if the steps are not taken immediately, the corridor may get saturated again and cause suffering to hundreds of thousands of users
The IMF has recently offered Bangladesh US$6.8 billion worth of policy support credit in the next few years to tackle the income-expenditure gap in the national budget
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