Inflation averages 5.69pc in 2020, a 3yr high Average inflation rose to a three-year high of 5.69 per cent in the just-concluded calendar year as food prices maintained an upward trend for most of 2020. In December, the average Consumer Price Index (CPI), however, fell to 5.29 per cent, the
Read MoreBB relaxes payment rules for availing foreign services Bangladesh Bank yesterday relaxed rules for businesses to remit money in order to avail services from foreign companies. Businesses will be able to send up to 1 per cent of their annual sales as declared in their previous year’s income tax return
Read MoreRemittance hits $21.7b, an all-time high Remittance hit an all-time high of $21.74 billion last year as migrant workers continued to use formal channels sidestepping the hundi system to send home massive amounts of money. Last year, the inflow posted a magnificent growth of 18.59 per cent compared to that
Read MoreDigital wage pays off for workers: WB Wage disbursements through digital payment methods is beneficial for employees as it helps increase savings and improves their ability to mitigate unanticipated financial shocks, according to a recent World Bank (WB) study. Before a new payroll system was introduced in June last year,
Read MoreEighth Five-Year Plan: Govt lowers first-year GDP growth target The government has lowered the first-year growth target in its Eighth Five-Year Plan compared to its budget projections due to the ongoing Covid-19 pandemic, which forced the country to go into a lockdown that stalled its economy. Besides, recovery from the
Read More