Central bank declares 7.13% reference rate to fix lending rate The Bangladesh Bank has declared a reference lending rate of 7.13% for July, projecting an increase in interest rates for all types of bank loans. Based on the reference rate, the lending rate for banks will rise to 10.13% with
Read MoreIncome tax bill passed Finance Minister AHM Mustafa Kamal placed the bill which was passed by voice votes. While the previous one was in English, provisions in the new law have been converted into simple Bangla and made more contemporary aligned with international best practices, applicable from the upcoming fiscal
Read MoreChinese firm to invest $45m in Bangabandhu Sheikh Mujib Shilpa Nagar Chinese firm Fujian Mengba Investment Co Ltd will build a steel construction materials factory at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) by investing $45 million. To this end, Bangladesh Economic Zones Authority (Beza) and Fujian Mengba Investment signed an
Read More$1b in budget support arrives next week About $1 billion in budget support is set to arrive in the next few days from three development partners to help the government meet its deficit financing for this fiscal year. Of the sum, $400 million is coming from the Asian Development Bank,
Read MoreUniversal pension from July, monthly contribution Tk500-5000 The government is set to launch the universal pension scheme nationwide in July, with individual contributions ranging from a minimum of Tk500 to a maximum of Tk5,000 per month. Individuals aged above 50 will also be able to join the scheme, but to
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