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
IMF loan scheme ushers in an era of reforms
The International Monetary Fund's Extended Credit Facility loan, which ushered in some major reforms in the economic field, is nearing
12 July 2015, 18:00 PM
Money invested in Malaysia
Two sacked top officials of scam-hit BASIC Bank allegedly invested their ill-gotten money in properties in Malaysia under Malaysia My Second Home
11 July 2015, 18:00 PM
No bank borrowing by govt last fiscal year
The government did not borrow from the banking system last fiscal year; rather it repaid a big portion of debts.
11 July 2015, 18:00 PM
Bangladesh’s minister for legal action against financial scamsters
Finance Minister AMA Muhith yesterday directed the BASIC Bank to take legal action against those involved in irregularities at the scam-hit bank.
7 July 2015, 18:00 PM
WB plans big to fund connectivity
The World Bank is preparing a five-year country strategy for Bangladesh, putting its focus on connectivity to link the country with three
5 July 2015, 18:00 PM
Trade deficit doubles
Trade deficit almost doubled in the first ten months of the just-concluded fiscal year owing to slow export growth as a result of the
4 July 2015, 18:00 PM
Banks' profits rise slightly
Most private banks saw their profits rise, though slightly, in the first six months this year despite political unrest and a cut in lending rates.
1 July 2015, 18:00 PM
Chinese firm to get work for Karnaphuli tunnel
China Communication Construction Company is set to win the work for construction of a two-lane tunnel underneath the Karnaphuli
23 June 2015, 18:00 PM