9 foreign cos willing to invest Tk6,250cr in farm mechanization Nine foreign companies have expressed interest in investing around Tk6,250 crore in manufacturing farm machinery in Bangladesh, a move experts say will contribute to agricultural modernisation and economic growth. These companies have already submitted proposals to the Bangladesh Investment Development
Read MoreWorld Bank keeps Bangladesh GDP growth unchanged at 5.2% in FY23 The World Bank, in its latest June edition of Global Economic Prospects, has kept Bangladesh’s gross domestic product (GDP) growth unchanged at 5.2% in the current fiscal year. In Bangladesh, elevated inflation, policy uncertainty, and weakening external demand are
Read MoreDigital bank licence requires Tk125cr capital The Bangladesh Bank has set the minimum capital requirement for a digital bank at Tk125 crore, a new banking concept in the country, when a conventional bank requires Tk500 crore to get the licence. A digital bank will be governed by the Banking Company
Read MoreInflation hits decade-high at 9.94% in May Bangladesh continues to experience a sharp rally in inflation despite a decline in global commodity prices, primarily due to supply-side constraints. According to the latest report from the Bangladesh Bureau of Statistics (BBS) on Monday, the monthly inflation rate in May soared to
Read MoreTaming inflation to be biggest bet in FY ’24 Bringing down the inflation to a rate projected for the upcoming fiscal year (FY) from the present higher levels would be the biggest challenge, economists said, terming the budgetary estimate ‘not realistic’. The national budget for FY 2023-24, which is set
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