GDP growth tops 6% in third quarter Bangladesh’s economy bounced back by posting significantly higher growth in the third quarter of fiscal year 2023-24 compared to the same quarter in the previous year, underlining good progress in the production of industrial goods and agricultural commodities. The country registered 6.12 percent
Read MoreGovernment plans raising Tk 50b with Sukuk to supplement bonds Hefty interest payments on growing debts prompt the government to go for fundraising with Sukuk worth Tk 50 billion to supplement traditional bonds that are getting costlier by the day for high yields. Interest rates on conventional bonds have gone
Read MoreAnnual inflation hits 12-year high despite easing in June The annual average price spike in Bangladesh surged to its highest level in 12 years in the just-concluded fiscal year despite easing in June, reflecting the persistent erosion of real income and the deterioration of the living standards of low-income groups.
Read MoreDhaka Bank looks to spread its wings to fuel growth Dhaka Bank is increasingly embracing technologies to serve customers digitally and enhancing its lending to small clients as it redesigns its focus to stay relevant. Our ultimate target is to become a paperless bank. We want to spread our wings,”
Read MoreFinancial account turns positive as Government adjusts data as per IMF advice The financial account has turned positive after more than a year, yet it might not be good news for Bangladesh since it is the result of the revision of national data in line with IMF prescription and does
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