BB came to small businesses’ rescue with a Tk 20,000cr package Last week, Jerome Powell, the Federal Reserve Chairman, waved the red flag on what is increasingly looking to be a legacy of the ongoing coronavirus pandemic: a wave of small business failures. The pandemic is presenting acute risks to
Read MoreBanks ready to invest Tk 1,650cr in stocks once floor price is lifted Fourteen banks have together formed a Tk 1,650 crore fund to invest in the stock market but they are now waiting for the lifting of the floor price that the market watchdog set for all stocks earlier.
Read MoreBD seeks $6.4b Chinese fund for new projects Bangladesh now wants Chinese funds for nine new projects worth US$ 6.4 billion. The Economic Relations Division has recently sent a letter to the Chinese government seeking investment fund for these projects, said finance ministry officials. The government sought $1.6 billion for
Read MoreGovt may not hike SD on telecom services Finance Minister AHM Mustafa Kamal may scrap his plans to raise the supplementary duty (SD) on telecom services and double the deposit in VAT-related disputes following criticism and pleas from various quarters. While unveiling the budget for fiscal year 2020-21 on June
Read More75 firms get BB nod to borrow funds from stimulus package Seventy-five companies, including some large groups, have secured approval from the central bank to receive low-cost loans under the stimulus package dedicated to big borrowers in the industrial and service sector. Banks have begun applying to the central bank
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