Bangladesh’s GDP expected to grow by 7% in 2018 and 7.2% in 2019 . Bangladesh’s inflation rates forecasted at 6.1% in 2018 and 6.3% in 2019 – ADB Report
Many Bangladesh banks cannot pay the LC liabilities on the due date. There is a delay of one month in the payment of some liabilities. In this situation, Bangladesh’s image of the banking sector is being undermined by the foreign banks that have guaranteed LC. Many foreign banks have now started reducing their credit lines […]
Bangladesh Securities and Exchange Commission (BSEC) has awarded 11 companies for mediating the capital market. ICB Catipal Management and UCB Investment have been ranked first in the merchant banker category. The second is City Bank Capital Resources and Sanshi Life Finance. The third LankaBangla Investment. Shanta Asset Management is the first in the asset management
About Tk 133 crore has been withdrawn from The Bangladesh Development Bank (BDBL). Huge amounts of money are digested through various techniques including non-existent business, overvaluation of security and submission of fake Memorandum of Understanding. The bank took the money through 14 separate loans but did not get it back. All loans are now defaulting.
Bangladesh Wage earner’s remittance inflow exceeded 2.6 Billion in July 2020. Remittance is a transfer of money, often by the worker to an individual in their home country. Besides, the highest foreign exchange reserves in the history of Bangladesh have been raised to 37.28 billion US dollars. Various measures, including 2 percent cash incentives by
Agriculture and Rural Credit Policy and Program of Bangladesh Bank has set the loan target for the new financial year on Wednesday. Bangladesh Bank allocated loans of Tk 26,292 crore or 3.6 Billion dollars for farmers in the current fiscal year 2020-21 to combat the Covid-19 epidemic.Which is about 8.99 percent more than the 2019-20
In the three months since the beginning of coronavirus pandemic in the country, the number of mobile phone subscribers has decreased by 4 million. This calculation is from last March to June. The Bangladesh Telecommunication Regulatory Commission (BTRC) publishes the number of mobile phone subscribers at the end of each month. As of the end of June, the
The Bangladesh Securities and Exchange Commission (BSEC) has imposed a fine of Tk 19 crore on three director of C&A Textiles for selling their share without official announcement . The company, which entered the stock market in 2015, is currently closed . The BSEC said the three mentioned owners of the company had sold their
The Asian Development Bank (ADB) has increased its funding limit from 518 million to 755 million by the end of the year to expand the Trade Finance Program (TFP) to support Bangladesh’s private sector. TFP is working with 12 partner banks in Bangladesh to fill the market gap by raising private sector capital and providing
Every year Bangladesh National Board of revenue (NBR) honor top taxpayer of the country . This year 141 taxpayers was awarded tax card and crest for paying the highest amount of income tax in 2018 -2019 . 74 individual & 57 companies win top taxpayer awards from NBR . Bangladesh’s tax-to-GDP ratio is 9.2 percent.
Sources in Dhaka and Riyadh said The Saudi state-owned defense company ” Saudi Arabian Military Industries ” is going to invest in Bangladesh Aircraft Servicing industry. The Saudi authorities hinted that initially, they will ink an investment agreement with Bangladesh Air Force. The Saudi Investment was discussed during a visit to Saudi Arabia by Air
