Remittance inflow rises 16.0% in May YoY The flow of inward remittance jumped by more than 16% in May this year over that of the previous month. It was estimated at USD 1.27 billion in May 2017, up by about USD 175 million from USD1.09 billion in April. It was

BRAC Bank records 75.0% YoY profit growth BRAC Bank Limited recorded a staggering 75% growth in year-on-year after tax profit in the first six months (January-June) of 2016, said a statement. The bank reported a consolidated after tax profit of BDT 1,746 million during January-June 2016 which was BDT 1,000

Remittances to developing nations fall in 2016 – WB: Bangladesh sees 11.1% decline Remittances to developing countries fell for a second consecutive year in 2016, a trend not seen in three decades, according to a report by the World Bank, reports bdnews24.com. Remittances to developing countries fell by 2.4% between

FoB imports flourish to consignees’ comfort Bangladesh’s imports through FoB arrangement are rising rapidly, implying that overseas procurement is now dominated by local consignees in a paradigm shift in external trade. But large importers, who have transport facilities under their own command, disagree with the changes in freights in import

Bangladesh Bank asks Al-Arafah not to sell stake to foreign investors Bangladesh Bank did not allow Al-Arafah Islami Bank to sell 10.0% of its shares to Saudi-based Islamic Development Bank (IDB). The Islamic Corporation for the Development of the Private Sector or ICD, the private sector financing arm of IDB,