Delayed B’desh VAT execution stalls revenue reform: Moody’s Global credit rating agency Moody’s Investors Service on Monday said that delayed implementation of the new VAT law by Bangladesh was ‘credit negative’ as it would impede revenue collection and underscore the institutional hurdles to effective policymaking in the country. The agency
Read MoreRemittance lowest in six years Remittance inflow in fiscal 2016-17 has been the lowest in six years — a development that can be viewed as a dark cloud over an otherwise buoyant economy. Migrant workers sent home $12.77 billion last fiscal year, down 14.47 percent year-on-year, according to data from
Read MoreBB failed to get info about Bangladeshi depositors in Swiss banks The Bangladesh government has already sought information about Bangladeshi depositors in Swiss banks but are yet to receive a reply, said Finance Division officials. They said Bangladesh Bank had sent several letters to the Swiss National Bank over the
Read MoreFarm loan release crosses annual target in 11 months Country’s banks crossed their annual target of farm loan disbursement in 11 months (July-May) of this fiscal year against a backdrop of a decreased credit demand from the industrial sector that forced them to disburse loans more to farmers at an
Read MoreAlliance Leasing gets BB nod Bangladesh Bank has given licence to another non-bank financial institution namely Alliance Leasing and Finance Company Ltd. The BB issued a circular to managing directors and chief executive officers of all banks and NBFIs on June 20 saying that the central bank had given the
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