Banks opt for bonds to raise capital Banks are opting for bonds to raise their capital in line with Basel III requirements for their cost-effectiveness, instead of floating more shares on the stockmarket. In the past two years, 14 banks have issued subordinated bonds worth Tk 6,400 crore to strengthen

Weak taka cheers up remitters Remittance income rose 27.64 percent year-on-year to $1.21 billion in November, as the depreciation of the taka against the American dollar made sending money to Bangladesh more lucrative, according to data from the central bank. November’s inflows was also 4.47 percent higher than that of

New monetary policy to be contractionary, ‘growth-friendly’ Bangladesh Bank is preparing a contractionary monetary policy statement (MPS) for the second half of the current fiscal year to control the supply of credits and inflation in a bid to maintain economic stability, according to officials. The new monetary policy is expected

No cut in yield rates on savings tools: NBR chief National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan said the government has no plan to reduce the yield rates on state-owned savings certificates. “We will try to keep unchanged the existing rates of yield on government’s savings instruments to

Private sector can help improve infrastructure: IDB president Islamic Development Bank President Bandar Hajjar yesterday stressed the importance of the private sector to improve the basic infrastructure in its member countries and achieve the Sustainable Development Goals (SDGs). Fifty-seven member countries of the IDB require $1 trillion per annum to