Trade deficit hits all-time high Bangladesh’s trade deficit hit an all-time high of $22.27 billion last fiscal year due to a rise in commodity prices in the global market. In fiscal 2019-20, this trade gap, which occurs when imports outweigh exports, swelled 27.66 per cent year-on-year to stand at $17.85
Read MoreTk 2,140cr project to revive Teletalk The government is set to give a lifeline to Teletalk as the loss-making mobile phone operator looks to make a turnaround by winning customers through modernisation, network expansion and the launch of 5G technology. It may provide Tk 2,140 crore, under a project, to
Read MoreDeposit interest shouldn’t go below inflation rate: BB Bangladesh Bank (BB) yesterday asked banks not to set interest rates on fixed term deposits below the inflation rate as it yields negative returns for savers. The weighted average interest rate on deposits stood at 4.13 per cent in June while the
Read MoreLow-cost funds for women entrepreneurs The cost of funds for women entrepreneurs has declined as the Bangladesh Bank yesterday said they would be able to borrow at a 5 per cent interest rate under one of its refinance schemes. Both male and female entrepreneurs earlier could avail loans from the
Read MoreADP spending rebounds Development spending in Bangladesh rebounded in the last fiscal year although the implementation rate was still one of the lowest in three decades because of the disruption caused by the coronavirus pandemic and structural weaknesses. The pace of execution of the annual development programme (ADP) sank to
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