BB encourages investment in ICB bond If any bank pours money in the seven-year subordinated bond of Investment Corporation of Bangladesh, it will not be included in the bank’s market exposure, Bangladesh Bank said in a circular on Tuesday. Most of the Tk 2,000 crore worth bond will be invested
Read MoreIMF projects 7.1pc growth for Bangladesh The International Monetary Fund (IMF) has forecasted that Bangladesh’s GDP (gross domestic product) growth is likely to hit 7.1 per cent in fiscal 2019-end. Bangladesh’s economic growth is expected to reach 7.0 per cent in 2023, the IMF said in its World Economic Outlook
Read MoreBanks can lend more Commercial banks have been empowered to lend more as the central bank has relaxed cash reserve requirement (CRR) and statutory liquidity ratio (SLR) rules. Officials said the banks are allowed to maintain both CRR and SLR with the Bangladesh Bank (BB) only for net investment in
Read MoreCos want to reduce costs, improve business agility A number of local companies are gradually migrating to cloud after realising its potential benefits for a business. The adoption of cloud and SaaS (Software-as-a-Service) has been remarkable in Bangladesh. Big Bangladeshi brands including Dulal Brothers, Zaber & Zubayer, a subsidiary of
Read MoreTransshipment deal with India likely this month Bangladesh and India are expected to sign this month the much-talked-about transshipment agreement that would allow the latter to use Chittagong and Mongla ports to transport goods to its north-eastern states. The bilateral deal is expected to be signed during the shipping secretary-level
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