BB to return to biannual monetary policy The central bank is set to return to its semiannual monetary policy stance after three years as per a suggestion of the International Monetary Fund (IMF) but local economists say the move would not bring about any change amid the lending rate cap
Read MoreBangladesh eyes $10b exports in leather goods in 2030 Commerce Minister Tipu Munshi has said the government eyes US$10 billion in exports of leather and leather goods in 2030.”Bangladesh’s potential export product is leather. There is a lot of scope for the development and export of the leather industry. Currently,
Read MoreTk 5,000 crore scheme launched for capital machinery purchase Bangladesh Bank today rolled out a Tk 5,000 crore refinance scheme to help borrowers procure environment-friendly capital machinery.The scheme named “Green transformation fund” will help borrowers to replace their existing capital machinery, which are harmful for environment.Businesses will be allowed to
Read MoreInflation falls to 8.85pc in November Inflation declined to 8.85 per cent in November from 8.91 per cent in the previous month as food prices eased. That means the Consumer Price Index fell for the third straight month. Food inflation fell to 8.14 per cent in November from 8.50 per
Read MorePM to open special economic zone in N’gnaj tomorrow Prime Minister Sheikh Hasina is scheduled to inaugurate Bangladesh Special Economic Zone (BSEZ) tomorrow (Tuesday).The BSEZ, when fully operational, is expected to draw investment worth $1.5 billion, generating employment for nearly 0.1 million people at the initial stage.The information was disclosed
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