Call money rate rises to 5.03% The rising trend in interbank call money rate continues as the country’s banks on Monday borrowed from each other at an overnight rate of 5.03%, equaling the previous peak recorded on 16 June 2020. The call money rate was stable at 5.02% in the
Read MorePrice rises push inflation to 8-yr high at 7.42pc Price rises pushed up inflation to a record-high 7.42 per cent in Bangladesh by official count, overshooting government estimation amid market volatility globally and locally. Economists suggest contingency planning for possible crisis management as the rate of point-to-point inflation, as of
Read MoreNew taxpayers: NBR relaxes rules on spot assessment The National Board of Revenue (NBR) has broadened and relaxed the rules for bringing new taxpayers under the tax net by assessing their incomes on the spot. As such, the revenue authority will be able to register new taxpayers through spot assessments
Read MoreBSEC allows Global Islami Bank to raise Tk 4.25b through IPO The stock market regulator has allowed Global Islami Bank to raise Tk 4.25 billion from the capital market, which will be the second largest initial public offering (IPO) in the banking sector. Among all sectors, Global Islami Bank’s IPO
Read MoreADB to lend $250m to improve social protection system The Asian Development Bank (ADB) will provide US$250 million as a policy-based loan to further improve the social protection system in Bangladesh, thereby supporting the vulnerable population against socioeconomic challenges. According to the ADB, the loan is the second sub-programme of
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