Fitch forecasts stable GDP growth
Fitch, a leading global credit rating agency, forecast Bangladesh's gross domestic product would grow 6.5 percent in the current fiscal year against the government's target of 7 percent.
29 August 2015, 18:00 PM
China to bankroll sewage treatment plant
The government is set to build a sewage treatment plant in the capital's Khilgaon area at a cost of Tk 3,318 crore, two-thirds of which
24 August 2015, 18:00 PM
BB threatens to restrict BASIC Bank's activities
Bangladesh Bank yesterday warned it would curtail the functions of BASIC Bank as per laws if the problem-ridden lender did not
24 August 2015, 18:00 PM
WB to give $1.7b this year
The World Bank is expected to commit as much as $1.7 billion this fiscal year, which is almost the same as in the last five years.
22 August 2015, 18:00 PM
Private banks' credit rollout grows faster
Credit rollout by local private banks grew at a faster rate than foreign and state-run lenders last fiscal year due to their aggressive push for more profit.
20 August 2015, 18:00 PM
New rules may ban import of battery-run light vehicles
The new import policy has proposed banning various battery-run vehicles, including easy-bikes and rickshaws, to reduce wastage of electricity.
18 August 2015, 18:00 PM
Soured loans decline as political climate improves
The banking system's default loans dropped 3.91 percent to Tk 52,519 crore in the second quarter of the year, much to the relief of the central bank.
17 August 2015, 18:00 PM
Foreign aid hits new high
The amount of foreign aid available to the government to spend on development purposes reached a new height of $21.71 billion at the end of last fiscal year, boosted by higher commitments from development partners.
16 August 2015, 18:00 PM
Bangladesh Bank intelligence unit to get autonomy
The government is planning to give full autonomy to the central bank's financial intelligence unit so it can deal with financial crimes independently.
16 August 2015, 18:00 PM
State banks continue to rely on handouts
The government provided Tk 11,219 crore to four state banks over the last 12 years to meet their capital deficits but the lenders'
15 August 2015, 18:00 PM
NBR proposes transit fees for Indian goods
The National Board of Revenue has proposed Tk 580 as customs fee for transit or transhipment of each tonne of Indian goods through
13 August 2015, 18:00 PM
Sugar, hilsa put in export basket
The government plans to put sugar and hilsa fish on the list of exportable goods in the new export policy. But a prior approval of the
12 August 2015, 18:00 PM
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