BB advises banks on special funds The central bank has advised more than a dozen of scheduled banks to expedite the ongoing process of creating their special funds for investment in the capital market. In the latest move, Bangladesh Bank (BB) Governor Fazle Kabir and other high-ups communicated the advice
Read MoreDSEX suffers biggest fall in 7 years Dhaka stocks suffered a deeper slump on Monday, as frightened investors dumped their holdings after the confirmation of three first cases of coronavirus in the country. The key index of the Dhaka Stock Exchange, DSEX, lost its value by 6.52 per cent shedding
Read MoreNBR toughens up on power plants The National Board of Revenue (NBR) has tightened the rules regarding duty-free import power plant equipment in a bid to curb abuse of the privilege through import of materials not directly related to power plant construction. The revenue administration listed 20 items — including
Read MoreBD’s economic growth to continue at 8.0pc this FY Japanese Ambassador in Dhaka Naoki Ito on Saturday expressed the hope that Bangladesh’s economic growth will continue at 8.0 per cent this fiscal year (FY) despite negative impact of the coronavirus outbreak. Despite negative impact of the coronavirus, Bangladesh economy will
Read MoreBanks’ deposit growth contracts in anticipation of interest rate cap Deposit growth in banks saw a steep decline in January, in a development that can be viewed as the direct impact of the capping of interest rate on savings to 6 per cent. Earlier on December 30 last year, the
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