Political unrest slowed loan recovery
Four state-owned commercial banks recovered only 3 percent of their full-year target from top 20 defaulters in the first three months of 2015.
11 August 2015, 18:00 PM
IMF extends ECF tenure by three months
The International Monetary Fund has extended the tenure of the Extended Credit Facility programme by three months to give the government sufficient time to meet the unfulfilled conditions for release of the last two instalments of the $1 billion-loan.
11 August 2015, 18:00 PM
New export policy looks to boost trade with neighbours
The export policy for 2015-18 has put thrust on trade with Nepal, Bhutan and the seven sister states of India under the sub-regional
11 August 2015, 08:00 AM
Three large-loan proposals get BB nod
The central bank has approved Janata Bank's proposal for rescheduling loans of three companies amounting to Tk 3,138 crore under
8 August 2015, 18:00 PM
BB starts talks with banks on Basel III
Bangladesh Bank has taken an initiative to improve banks' financial health by increasing their capital adequacy ratio (CAR) in line with
5 August 2015, 18:00 PM
Sovereign wealth fund in the offing to fix infrastructure
Bangladesh plans to form a sovereign wealth fund with its foreign currency reserves to invest in infrastructure, the lack of which is turning out to be the main barrier to getting out of the 6-percent economic growth trap.
4 August 2015, 18:00 PM
China to bankroll permanent exhibition centre at Purbachal
The government is set to build a permanent exhibition centre on 20 acres of land at Purbachal, with China financing 79 percent of the cost.
3 August 2015, 18:00 PM
Bangladesh to purchase modern surveillance equipment
The government has decided to purchase modern equipment worth more than Tk 200 crore to step up mobile phone, email and social network surveillance.
2 August 2015, 18:00 PM
Bank borrowing by govt jumps five times
The government's borrowing from the banking system increased five times in the first 29 days of the fiscal year from a year earlier on the back of revenue mismatch.
2 August 2015, 18:00 PM
Trade deficit scales a new height
Trade deficit crossed the $10 billion-mark for the first time in fiscal 2014-15 on the back of a wide mismatch between export and
1 August 2015, 18:00 PM
Govt to approve purchases electronically
The government is set to give out approvals for purchases over Tk 50 crore and consultancy services valued at upwards of Tk 10 crore in digitised format to cut down the time lag and corruption.
29 July 2015, 18:00 PM
Bangladesh govt employees to get hike only in basic pay now
The government will implement the new pay structure for public servants excluding time scale and selection grade -- two compensatory perks for those who deserve promotions but cannot be given due to a shortage of posts.
26 July 2015, 18:00 PM
Power generation to go up by 12,853MW in five years
The government plans to increase power generation by 12,853 megawatts over the next five years, 40 percent of which will be
26 July 2015, 18:00 PM
BB disburses Tk 14,000cr through refinance schemes
Bangladesh Bank has so far disbursed Tk 14,000 crore under refinance schemes, including the Export Development Fund.
25 July 2015, 18:00 PM
BB forms $500m fund to spur investment
Borrowers will get foreign currency loans at around 4 percent interest as Bangladesh Bank moves to create a $500 million special fund to boost the stagnant investment situation.
23 July 2015, 18:00 PM
VAT automation gets off the ground
Vietnam-based FPT Information Systems yesterday won the contract to automate the country's VAT system in preparation for the new
22 July 2015, 18:00 PM
Govt to seek more time for reforms tied to IMF loan
The government may seek another three months from the International Monetary Fund to meet the conditions for the last two
21 July 2015, 18:09 PM
Lower interest rate spread raises hope of higher investment
Interest rate spread fell 0.48 percentage point in the first 11 months of last fiscal year and dipped below 5 percent -- a trend which the government says will help attract investment.
15 July 2015, 18:00 PM
Dependence on others for livelihood declines
The number of people dependent on others for livelihood has dropped 8 percentage points over the last five years thanks to their
14 July 2015, 18:00 PM
Operating profits of state banks rise
State-owned banks logged a 24 percent rise in operating profit during the first six months of the year on the back of cuts in the cost of funds.
13 July 2015, 18:00 PM