FDI hits all time high Foreign direct investment to Bangladesh surged 51 percent last fiscal year to its highest on record, riding largely on Japan Tobacco Inc’s acquisition of Akij Group’s tobacco business for $1.47 billion. In 2018-19, net FDI stood at $3.88 billion in contrast to $2.58 billion a
Read MoreFirst Taka bond listed on London Stock Exchange The first-ever Bangladeshi Taka-denominated bond titled “Bangla Bond” was listed on the London Stock Exchange (LSE) on Monday which will help Bangladesh raise money from overseas investment. Bangla Bond” would help raise money from overseas investment which is set to be invested
Read MoreRemittance soars 32pc Migrant workers sent home $1.63 billion in October, the second largest remittance inflow in a single month, as the government’s move to incentivise remitters from this fiscal year is appearing to be doing its trick. In the budget for fiscal 2019-20, the government introduced a 2 percent
Read MoreFresh Bank Loans: Defaulters must make 15pc Down Payment The High Court yesterday ruled that the loan defaulters must make down payment of 15 percent of the outstanding amount to get fresh loans from any scheduled Bank in line with the 2012 Bangladesh Bank circular. The central Bank issued the
Read More$5b in Leather Exports possible by 2022 Leather and leather good exporters are gung-ho about hitting $5 billion in export receipts by 2022 if the Government manages the Leather Working Group’s certification at the earliest, according to industry insiders. Last fiscal year, leather and leather good exports fetched $1.19 billion,
Read More