Private investment to rise 22.0% next year: Finance Minister Private sector investment will increase 21.8% year-on-year to BDT 4.6 trillion next fiscal year owing to political stability and full implementation of the new pay scale for government staff, said Finance Minister AMA Muhith. In the outgoing fiscal year, private sector
Read MoreCrackdown awaits lavish non-life insurance firms: IDRA issues show-cause notices on all 45 firms The insurance regulator now plans a tougher crackdown on the country’s 45 non-life insurance firms for their lavish management spending in violation of the rules. Earlier, the Authority had conducted a drive against 17 life-insurance firms
Read MoreForex reserves cross USD 30.0 billion-mark Country’s foreign exchange (forex) reserves crossed the USD 30.0- billion mark Monday principally as the global market slump lowered import-payment pressures on the economy. The forex reserves rose to USD 30.001 billion on the day, setting a new record, from USD 29.86 billion of
Read MoreNo change in plans for Bangladesh Bank over Brexit The central bank has no plans to realign its reserve money invested in pound sterling even after the currency hit a 31-year low following Britain’s vote to leave the European Union, a top official said. “Our exposure to pound sterling is
Read MoreKnitwear exports to EU countries face setback: Sluggish demand, devaluation of currencies to blame Bangladesh’s knitwear exports to a number of European Union (EU) member-countries and some other non-traditional markets have been facing a setback in recent times. Exporters and experts have attributed this to a sluggish demand, change of
Read More