The government’s borrowing from banks has escalated alarmingly on the back of a revenue shortfall, a development that is poised to aggravate the already tight liquidity condition in the sector. Until November 17, the government already borrowed 92 percent of its full-year target from the banking sector:...
Import of reconditioned cars fell 46 percent year-on-year to 12,502 units in 2018-19 because of higher duties, a fall in price depreciation, currency devaluation and increasing popularity of hybrid models. Similarly, the sales of reconditioned cars went down by 16.43 percent year-on-year to 61 units per day...
Remitters who will wire $1,500 or equivalent amount of other currencies or Tk 150,000 will be eligible for receiving 2.0 per cent cash incentives without showing any documents. The amount of local currency has been included in the guidelines regarding cash incentives on wage earners' income, according...
The increase in issuance of T-bonds and T-bills propelled their yield curves upward in last fiscal year (FY), 2018-19, according to the Bangladesh Bank (BB) statistics. Yield curve has direct relationship with issuance of treasury securities at a given time. It also helps increase the yield rates...
Mayor of Dhaka North City Corporation (DNCC) Md Atiqul Islam on Tuesday underscored the need for sustainability plans for a good and prosperous apparel industry, UNB says. “In the 35-year journey of our industry, Bangladesh has become the second largest RMG exporting country in the world. The...
Export of plastic products has risen in month (July-October) of FY 2019–20 compared to same period of 2018–19 FY, thanks to availability of raw materials at a cheaper rate, producing quality products, new buyers from Europe, a robust government policy framework, enhanced manufacturing efficiency and export of...
Colourful safe-to-eat vegetables, handicrafts and boutique items adorn a table and hang from walls, bringing to a halt roaming visitors who get closer for a better look. The products represent the dreams of 114,189 people from nine districts who are seeking to allure buyers and make a...
Stocks ended lower on Wednesday, after remaining flat in the previous day, as investors mostly on selling binge on sector-wise large-cap shares. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 42.01 points or 0.87 per cent to settle at 4,737, after inching...
Foreign direct investment to Bangladesh surged 51 percent last fiscal year to its highest on record, riding largely on Japan Tobacco Inc’s acquisition of Akij Group’s tobacco business for $1.47 billion. In 2018-19, net FDI stood at $3.88 billion in contrast to $2.58 billion a year earlier,...
The government’s net borrowing from the banking system surged with the figure standing at Tk 33,586.94 crore in just four months (July-October) of the current fiscal year 2019-20 against Tk 535.90 crore in the same period of FY 2018-19. Economists said that a slowdown in sales of national savings...