44 businesses named for industry sector CIP status The government on Monday announced the names of 44 businesses as commercially important persons (industry) for their contribution to the country’s overall economy through setting up industries, creating employment and increasing national income in 2021. The industries ministry in a gazette
Read More9% interest rate cap on loans set to go in July The Bangladesh Bank has finally agreed to move away from the 9 per cent interest rate ceiling on loans and implement a market-based rate from July 1. Banks have been following the interest rate cap since April 2020 in line
Read MoreBangladesh may start trading with India using rupee soon Bangladesh could soon start trading with India using rupee instead of US dollar, trial for which has been done by Bangladesh Bank recently, reports UNB. The ministry of commerce has placed a written recommendation at the last cabinet meeting regarding the
Read MoreJapan provides $1.27b to develop Matarbari port, highway and train line Japan will provide $1.27 billion for the tranche of the Matarbari Port Development Project, Chattogram-Cox’s Bazar highway improvement project, and for the construction of a dual gauge double line (railway) between Joydebpur-Ishwardi sections. In this regard, loan agreements for
Read MoreBB for issuing large loan amount in phases The Bangladesh Bank has suggested that banks should disburse any large loan amounts in phases rather than in a lump sum in order to ensure proper utilisation of the loans and check money laundering. The central bank made the suggestion in its
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