Govt has a new headache. It’s the high interest rates on T-bills and bonds
The interest rate on government Treasury bills and bonds, the main instruments for bank borrowing, doubled in the last one year -- a development that will fuel budgetary expenditure and may discourage private sector credit, both of which are already sources of concern.
8 February 2020, 18:00 PM
Bangladesh comes to Somalia’s rescue
Since time immemorial Bangladesh has been taking on aids, grants and financial assistance from the global community. But now, it is providing debt relief to another nation, in a testament of the progress the country has made.
5 February 2020, 18:00 PM
Bangladesh Bank Reserve Heist: Int’l payment system now slower, costlier
It has been four years since a band of hackers broke into this Bangladesh Bank’s account with the New York Fed with the intent to pull off what would have been the biggest cyber heist in history.
3 February 2020, 18:00 PM
The billion-dollar hit job
The way unknown hackers hatched plans to steal money from the Bangladesh Bank’s reserves with the New York Fed using the most sophisticated banking and payment channels as well their near-perfect preparation and timing will render many detective stories and Hollywood movies average.
3 February 2020, 18:00 PM
Widening job market a challenging prospect
The government’s target to create 1.13 crore new jobs in the next five years does pose a significant challenge, despite the country’s high economic growth rate, according to a revised five-year plan from the planning ministry.
28 January 2020, 18:00 PM
Newly confident Bangladesh to flag off Development Forum
There was a time when Bangladeshi finance ministers would land in Paris with a briefcase in hand to seek financial assistance from donors.
27 January 2020, 18:00 PM
World Bank sees headwinds ahead for Bangladesh
The World Bank yesterday praised the progress Bangladesh achieved in recent years but apprehends a struggle ahead for the low tax revenue and banking sector’s poor condition.
26 January 2020, 18:00 PM
Docking bad loans has now become critical
Age is the price of wisdom, it is often said. And an audience with the immediate past finance minister, AMA Muhith, calls to mind that saying.
24 January 2020, 18:00 PM
Banking sector poised to derail growth momentum for Bangladesh economy
The current vulnerable state of the banking sector steeped in default loans poses the biggest danger to sustenance of Bangladesh’s tremendous growth momentum, said the International Monetary Fund.
22 January 2020, 18:00 PM
WB-Funded Projects/Programmes 2016-20: Only half the targets met
Bangladesh could achieve only a little more than half of the targets set by the World Bank Group for 84 projects and programmes in the last four years, says a draft performance review report of the World Bank Group.
19 January 2020, 18:00 PM
‘We are a nation in a hurry’
Halfway through an interview at the Planning Commission, Planning Minister MA Mannan is asked about the logic behind the inordinate number of projects that are in implementation at any given moment.
19 January 2020, 18:00 PM
Payra coal power plant takes off
Coal-fired Payra power plant in Patuakhali began test production yesterday, making it the first large-scale plant to come into operation since the Awami League swept to power a decade ago.
13 January 2020, 18:00 PM
Private banks ready for Basel III
Most of the private banks have raised their capital base in line with the Basel III requirements three months prior to the deadline set to reach the global regulatory standard.
12 January 2020, 18:00 PM
Dedicated Rail Bridge Over Jamuna: Work yet to start, cost up by 33pc
The project cost of building a rail bridge over the Jamuna river has increased by Tk 3,216 crore even before the start of physical work.
9 January 2020, 18:00 PM
Farm mechanisation gets a shot in the arm
Farmers may get 50 to 70 percent incentive while buying agricultural machinery and also avail low-cost loans, as the government looks to pivot to farm mechanisation amid rising costs and growing labour shortage.
8 January 2020, 18:00 PM
‘It’s not possible to do everything overnight’
The man with the plan, is the impression one walks away with after an audience with Finance Minister AHM Mustafa Kamal. Later, one is invariably met with the question: was he being a little too optimistic and naive?
2 January 2020, 18:00 PM
Govt’s solid plan for single-digit interest rate
Bangladesh Bank is set to raise the loan-deposit ratio by another 1 percentage point as it looks to reduce the interest rate for manufacturing sector and increase lendable fund of banks.
29 December 2019, 18:00 PM
Budget deficit goes over 5pc boundary
Budget deficit, which is when spending exceeds revenue, is set to cross the sensible perimeter of 5 percent of GDP in fiscal 2018-19 for the first time in 12 years on the back of ebbing collections of the tax administrator.
28 December 2019, 18:00 PM
Terminal to match aspirations
First impressions are the most lasting, it is often said. And in case of cities and countries, it is often airports that provides that.
27 December 2019, 18:00 PM
Shrinking revenue a growing worry
Sometimes things have to go wrong in order to go right, American author Sherrilyn Kenyon once said.
27 December 2019, 18:00 PM