Remittance inflow climbs 21% in November Migrant workers sent home $1.93 billion in November, an increase of 21 percent year-on-year, as banks offer a higher rate for the US dollar to collect remittance. The remittance inflow was $1.59 billion in the same month last year. November’s receipts, however, were 2.42
Read MoreBangladesh now has 204 ‘green’ factories in RMG sector Bangladesh has strengthened its position as the global leader in “green”, that is environment-friendly apparel factories, with 204 factories in the sector now boasting United States Green Building Council’s (USGBC) LEED certification. One more Bangladeshi garment factory attained green building certification
Read MoreThree firms spending Tk 1,000cr on first private submarine cable Three local companies are spending about Tk 1,000 crore for the first private submarine cable that will connect Bangladesh with the outside world for data transmission. Three private licensees of submarine cable — Summit Communications, CdNet Communications and Metacore Subcom
Read MoreRising deposit rates bring cheers to savers The interest rates on deposits are on the rise in keeping with lending rates as banks look to woo funds to ride out the liquidity crunch following the withdrawal of the lending rate cap and the hike in the policy rates. Although the
Read MorePolicy rate hiked again as inflation stays high The central bank yesterday raised the repo rate by 50 basis points to step up its fight against the persisting higher inflation and increased rates that will make loans costlier and give better returns to savers. Now, the policy rate will be
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