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Tax revenue falls BDT 202b short of July-Oct target

Dhaka, Bangladesh, Dec. 5 -- The first four months of the current fiscal year (FY), 2019-2020, saw a tax revenue shortfall by nearly 24 per cent or BDT 202.20 billion against the target. The National... Read More


Bangladesh relaxes rules on buyer's credit payment

Dhaka, Bangladesh, Dec. 5 -- The central bank of Bangladesh has relaxed regulations on short-term buyer's and supplier's credit borrowed from overseas sources for making payments on import of industri... Read More


Bangladesh forex reserve reaches $31.90bn

Dhaka, Bangladesh, Dec. 4 -- Bangladesh foreign currency reserve reached at US$31.90 billion on Tuesday following receiving a fund worth $60 million from the World Bank. The country's forex reserve r... Read More


Bangladesh receives over $7.50b remittance in 5 months

Dhaka, Bangladesh, Dec. 4 -- The inflow of remittances crossed US$7.50 billion in the first five months of the current fiscal year (FY) as the government started providing incentive to the beneficiari... Read More


BB starts work on industrial lending rate cut

Dhaka, Bangladesh, Dec. 4 -- The central bank has started working on bringing down the industrial lending rate to a single-digit in line with the Ministry of Finance (MoF)'s advice. Under the move, t... Read More


Bangladesh's stocks snap five-day winning streak

Dhaka, Bangladesh, Dec. 3 -- Bangladesh's stocks slipped into the red on Monday, snapping a five-day winning streak, as risk-averse investors went on selling binge on sector-wise issues. DSEX, the pr... Read More


Govt. higher bank borrowing may continue

Dhaka, Bangladesh, Dec. 3 -- The government's higher bank borrowing may continue in the coming months if the lower revenue collection along with the ongoing falling trend in sales of national savings ... Read More


Masatsugu Asakawa elected ADB president

Manila, Philippines, Dec. 2 -- Masatsugu Asakawa has been unanimously elected President of the Asian Development Bank (ADB) by its Board of Governors. Mr. Asakawa, 61, currently Special Advisor to Ja... Read More


BB may impose interest rate ceiling on industrial loans

Dhaka, Bangladesh, Dec. 2 -- The central bank of Bangladesh is likely to impose a cap the interest rate on industrial loans from January 01, 2020 to facilitate the economic growth. The central bank f... Read More


Weekly Review: Stocks snap two-week losing streak

Dhaka, Bangladesh, Dec. 1 -- Bangladesh's stocks posted a marginal gain in the outgoing week that ended on Thursday, snapping a two-week losing streak, as opportunist investors showed their appetite o... Read More