Private credit growth hits 18-month low Private sector credit growth dropped to an 18-month low of 15.87 percent in July, as banks have adopted a “go slow” policy for loan disbursement to comply with the central bank’s newly set loan-deposit ratio. This growth was 1 percentage point less than the
Read MoreGovt endorses Delta Plan The government on Tuesday endorsed the ‘Delta Plan 2100’, identifying six key areas of intervention for achieving Bangladesh’s upper middle-income country status. The coastal, Barind, drought-prone, haor and flood-prone, Chittagong Hill Tracts, riverine, and urban areas are the fields, which have been identified as the hotspots
Read MoreRemittance up 7.13pc Remittance posted 7.13 percent growth in August compared to July thanks to the depreciation of the taka against the US dollar. Expatriates sent home $1.41 billion last month, up from $1.31 billion in July. The amount of remittance was also $1.41 billion in August 2017. On August
Read MoreQuality of economic growth improves The quality of Bangladesh’s economic growth has improved between 2000 and 2015, according to an index developed by the South Asian Network on Economic Modeling. The country ranked 106th among 156 nations in 2015 in the Index of Quality of Economic Growth up by six
Read MoreStocks fall as bank, telecom issues plunge The banking sector witnessed the highest correction of 0.94 per cent with the prices of 23 banks closing lower out of 30 listed banks. Telecommunication sector also lost 0.65 per cent as the sector heavyweight Grameenphone’s share price fell Tk 2.50 each to
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