Remittance drops in March despite Eid Remittance fell 1.23 percent year-on-year to $1.99 billion in March although inflows usually go up on the occasion of Eid. Industry insiders attribute the decline to the growing use of the hundi system since remitters get better rates of the US dollars if they
Read MoreBB cuts margin for banks as interest rate soars With the interest rate on loans soaring, Bangladesh Bank (BB) yesterday reduced the margin that banks use to fix the lending rates in a bid to contain the cost of borrowing and ease pressure confronting businesses. In a notice, the central
Read MoreBangladesh revenue up 16% in eight months Bangladesh’s government revenue grew by a healthy 16% in the first eight months of the current fiscal year (2023-24), exceeding the average growth rate of 10% over the past five years. However, despite this positive trend, the National Board of Revenue (NBR) still
Read MoreChinese firm to invest $27.8 million in Bepza Economic Zone Dongfang Knitting (BD) Ltd, a Chinese company, will invest $27.8 million to set up a sock manufacturing factory at the Bepza Economic Zone at Mirsarai in Chattogram. The factory targets producing 216 million pairs of socks for men, women and
Read MoreDhaka Bank holds annual managers conference Dhaka Bank held its annual managers conference for 2024 at a city hotel on Saturday. Abdul Hai Sarker, chairman of the Board of Directors of Dhaka Bank, inaugurated the meeting as the chief guest. Emranul Huq, managing director and CEO of Dhaka Bank, presided
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