Exporters have been demanding depreciation of the taka against the US dollar to stay competitive in the export market for a very long time. Now, the Bangladesh Bank, which has been managing the depreciation pressure through artificial interference, is finally feeling the need for depreciation as well....
Speakers at a virtual discussion in Dhaka city said on Monday a state of fear and uncertainty has changed consumer behaviour during the Covid-19 pandemic. Such insecurity has contributed to a reduction in the buy and sale of goods and services in Bangladesh and elsewhere in the...
In a trailblazing move in the banking sector, Prime Bank is increasingly shifting its focus towards financing the ICT industry and has already started disbursing collateral-free loans among businesses in different segments of the digital business. The lender today signed an agreement with the Internet Service Providers...
The government now plans to set up a state-run corporation to buy and trade distressed loans off banks as part of its efforts to clean up the financial sector. The planned Bangladesh Asset Management Corporation (Bamco) would be run as a state-run entity by the Financial Institutions...
The government has chosen to use the lull in international trade caused by the COVID-19 pandemic to bring its Customs facility administered by the National Board of Revenue on par with global standards, so that it may facilitate a smoother, more efficient trading process to help the...
German Ambassador to Bangladesh Peter Fahrenholtz sees enough strength in Bangladesh economy to rebound soon from a Corona crisis slowdown. He also said Bangladesh can an important destination of German investment and trades as German investors and traders are looking to relocate their investment and businesses. The...
The capital base of the banks deteriorated further during the January-March period of the current year with the capital shortfall of thirteen banks, including seven state-owned banks, increasing by Tk 2,288 crore as the volume of defaulted loans continued to remain high. The banks faced a total...
The government has launched a digital haat, believed to be the biggest platform of such, for selling and buying sacrificial animals ahead of the coming Eid-ul Azha by maintaining social distancing.“We have taken the initiative to save cattle farmers, traders, and marginal farmers from financial loss in...
As global growth recovers in the coming quarters, Bangladesh stands to benefit from its strong economic fundamentals and will likely continue to deliver steady growth rates despite COVID-19 pandemic. Co-head of HSBC’s Asian Economics Research Frederic Neumann came up with the statement at a virtual session for...