Remittance floating uphill Remittance continued its upward trend last month, with migrant workers sending home 3 per cent more than they did a year earlier, in what can be viewed as the perfect foil to the sliding exports, the other source of foreign exchange for the government. Export earnings fell
Read MoreStocks fall on weak corporate declarations Dhaka stocks slid in the past week after gaining significantly in the week before as investors went for share sales amid disappointing corporate declarations by a number of companies, including the Investment Corporation of Bangladesh, Grameenphone, ACI and MI Cement. DSEX, the key index
Read MoreWB ‘committed to develop Bangladesh’ The World Bank’s portfolio in Bangladesh has nearly doubled in the last six years to $11.6 billion, with the country being one of the largest beneficiaries of concessional credit. The Washington-based multilateral lender was among the first development partners to support Bangladesh following its independence.
Read MorePrivate sector’s appetite for credit craters Private sector credit growth dropped to the lowest since 2008 in December last year, in continuation of its downward trend of the previous 21 months. In December last year, the year-on-year credit growth stood at 9.83 percent, down from 9.87 percent from one month
Read MoreNewly confident Bangladesh to flag off Development Forum There was a time when Bangladeshi finance ministers would land in Paris with a briefcase in hand to seek financial assistance from donors. It was a custom then that a poor country like Bangladesh will only beg for money and wealthy foreign
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