BB renews call to exhaust stimulus packages by Mar The central bank has asked the banks to exhaust all stimulus packages by March to help revive the economy, battered by Covid-19. The advice was given at a virtual meeting between the bankers and Bangladesh Bank (BB) governor Fazle Kabir. The
Read MoreEconomy will return to high growth path next fiscal year: UN Bangladesh’s economy will return to the high growth trajectory in the next fiscal year overcoming the scarring impacts of the coronavirus pandemic, according to a United Nations report. The country’s gross domestic product (GDP) will grow by 7.6 per
Read MoreGovt targets $4b from ship exports by 2025 The cabinet yesterday approved the Shipbuilding Industry Development Policy 2020 to facilitate the growth of the labour-intensive sector and generate export earnings. The policy aims to fetch $4 billion through ship exports by 2025, according to Cabinet Secretary Khandaker Anwarul Islam. Under
Read MorePrivate credit growth inches up in Dec Despite demand for loans being suppressed by the ongoing business slowdown, private sector credit growth crept up in December after undergoing a steep descent in the previous two months. The year-on-year credit growth stood at 8.37 per cent in December, up from 8.21
Read MoreStocks ride on increased liquidity Although Bangladesh’s stock market is not connected with global markets and does not follow the usual global trends, nowadays it has been different. Dhaka stocks are soaring like other major markets which are hovering around all-time highs. The reason, analysts said, is a global availability
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