Q1 budget deficit soars

Bangladesh, Dec. 7 -- The budget deficit during the July-September period last increased by nearly 200 per cent compared with the corresponding three months in 2018, as gains in tax receipts were offs... Read More

Budget deficit hits 11-yr high in FY '19

Bangladesh, Nov. 23 -- The country's budget deficit widened to over Tk 1.1 trillion in the past fiscal year, highest in more than a decade. The imbalance stood at 5.1 per cent of the gross domestic p... Read More

Rise in issuance of T-bonds, bills pushes up yield curves

Bangladesh, Nov. 20 -- The increase in issuance of T-bonds and T-bills propelled their yield curves upward in last fiscal year (FY), 2018-19, according to the Bangladesh Bank (BB) statistics. Yield c... Read More

State venture capital company on the anvil

Bangladesh, Nov. 3 -- The government is creating a venture capital firm to nurture start-up entrepreneurs as the country is still at a nascent stage of tech-based business innovation. The Bangladesh ... Read More

Reform of insurance product selling system underway

Bangladesh, Nov. 1 -- The insurance regulator is making one of its biggest changes in the existing selling system of insurance products aiming to deepen penetration of the same. The system called ban... Read More

Automation cuts sales 60pc

Bangladesh, Oct. 26 -- With sales sliding by nearly 60 per cent, the government measures intended to contain transactions of savings instruments have started making an impact. The sales of four popul... Read More

Two bodies to work on closing gap with IFRS

Bangladesh, Oct. 24 -- The country's audit watchdog has formed two working groups to set accounting rules in line with the international financial reporting standards (IFRS) to further standardise the... Read More

Ctg-Chennai-Europe route opens in Nov

Bangladesh, Oct. 18 -- A new strategic Chattogram-Chennai-Europe shipping route is likely to commence next month which is expected to reduce lead time. Currently, Chattogram-Colombo, Chattogram-Singa... Read More

One-man company formation faces first hurdle

Bangladesh, Oct. 12 -- The proposed amendment to the Companies Act allowing formation of a company by a single person is facing the first hurdle as the finance ministry is in favour of making a fresh ... Read More

Higher yield entices foreigners back to bond market

Bangladesh, Oct. 9 -- Foreign nationals have renewed their interest in investing in the country's treasury bonds as the yield rates have gone up on the back of government's rising appetite for funds. ... Read More