Banking & Commodity

The Bangladesh Bank launched the CGS of Tk 2,000 crore on July 27 to support the pandemic-hit CMSEs

The decisions were arrived at after assessing the overall demand of the external sector including export-import and economic modelling and forecasting

Bangladesh Bank (BB) has allowed term loan facilities for the cottage, micro and small (CMS) enterprises under the credit guarantee scheme.

The National Board of Revenue has exempted registered refiners from paying advance tax on import of raw sugar to keep the price of the commodity affordable on the market.

Banks are holding up payments to local textile manufacturers against purchase of raw materials by readymade garment exporters under back-to-back letters of credit, textile manufacturers alleged.

The government has set a target of borrowing Tk 20,000 crore against savings certificates for fiscal 2020-21

The Bangladesh Bank on Sunday issued a circular that empowers banks to extend the repayment tenure of existing term loans by up to two years.

Price hike is temporary and will be resolved soon, traders say

The image of the country’s financial sector has been tarnished in the international arena as a good number of local banks have not made import payments on time.

The central bank plans to continue its expansionary monetary policy in the second half of the current fiscal year because of the persistent business slowdown caused by the coronavirus pandemic.