Loan write-offs almost quadrupled in the first quarter of the year on the back of the central bank’s easing of rules, in a sobering reminder of the banking sector’s deteriorating financial health. Between January and March, Tk 557.30 crore was written-off, in contrast to Tk 141.26 crore...
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. However, Bangladesh sought investment in 14 projects in the rail, road, power and textile sectors at the first Bangladesh-Korea joint platform meeting held in Seoul...
The World Bank (WB) has suggested Bangladesh avail new funding opportunity -- 'credit guarantee' -- for financing the country's development projects, officials said. Borrowing money for the credit guarantee scheme will be comparatively harder than the current aid facilities from IDA for Bangladesh, they added. A WB...
Centre for Policy Dialogue (CPD) has decided to set up ‘citizen’s review commission’ on banking in view of what it said the “deteriorating health” of the banking sector and the “inertia” of the government to address the problems pro-actively. This was decided by the Board of Trustees...
The
cash incentive would be effective from July 1 this year
Bangladesh Bank (BB) on Tuesday issued a circular on providing 2% cash incentive for money to be remitted through banking channel into the country. The cash incentive would be effective from July 1 this...
Expatriate Bangladeshis sent US$ 1,597.66 million remittances during the first month of the current fiscal 2019-20, which is apparently 21.20 per cent higher than the same period of the preceding year, according to a Bangladesh Bank (BB) data. The country received $1,318.18 million remittances during the July...
The incentive ranges between 10% and 20%
The government will give cash incentive against export receipts of 11 new products from this fiscal year, taking the total number of export-oriented products eligible for the handout to 46.The decisions came on Monday at an annual...
The government, without fixing any timeframe, called on factory owners to pay monthly wage and festival allowance to workers properly before the Eid-ul-Azha holiday starts in phases. The call came after the 44th meeting of the Crisis Management Core Committee under the Ministry of Labour and Employment...
The earnings are 26.77% higher than the
target of $5 billion set for the year, according to the Export Promotion Bureau
(EPB) data released on Thursday
Bangladesh's export earnings from services sector rose by 46.06% to $6.33 billion in the last fiscal year riding on higher...
Indian high commissioner to Bangladesh Riva Ganguly Das recently met Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Rubana Huq at the latter’s office to discuss ways to further move forward existing trade relations between the two countries. Ganguly Das said the duty-free export of Bangladeshi apparel...