Govt targets $150b remittance in 8th Five-Year Plan The government has set an ambitious target of earning $150 billion through remittance between July 2020 and June 2025, according to a document on the 8th Five-Year Plan. To reach the target, the expatriate’s welfare and employment ministry will roll out an
Read MoreComing out of LDC, a welcome move from all sides Bangladesh’s graduation from the list of least-developed countries (LDCs) is long overdue. The good news is that the country will graduate having met all three criteria. The countries that had previously graduated did so by satisfying two out of the
Read MoreForex reserve hits record $44.02b Bangladesh’s foreign exchange reserve yesterday hit a new record of $44.02 billion thanks to robust remittance inflows and lower import payments, Bangladesh Bank data showed. The reserve, one of the major macroeconomic indicators of an economy, touched the $41-billion mark on October 28 and rose
Read MoreBB relaxes credit rating rules amid pandemic The central bank has relaxed the requirements of Internal Credit Risk Rating System (ICRRS) to help businesses avail credit facilities from the banks amid the Covid-19 pandemic. The ceiling of marginal internal credit risk rating score has been brought down to 55 per
Read MoreBSEC appoints special auditor to find out reasons The Bangladesh Securities and Exchange Commission (BSEC) has appointed a special auditor for Delta Life Insurance Company to assess the firm’s health. The move comes following allegations of regulatory breaches by the listed insurer. The Insurance Development and Regulatory Authority (IDRA) appointed
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