Current News

The government is trying to address two big contradictions in the economy – low tax-to-GDP ratio and stock market capitalisation-to- GDP ratio, advisor to the Prime Minister on private industry and investment Salman F Rahman said on Sunday.

The central bank is likely to extend the ongoing moratorium on the payment of loan instalments by another three months to December as borrowers are still struggling to make a comeback from the coronavirus pandemic.

The Bangladesh Bank on Sunday raised the interbank daily online transaction limit, including a five-fold increase in the limit for institutional users, amid a growing use of internet-based transactions in recent times after the outbreak of the coronavirus.

The country’s apparel export to the United States in January-July this year fell by 18.54 per cent due to the global economic slowdown witnessed in the wake of the coronavirus pandemic.

Earlier, in May 2020, the Bangladesh Bank imposed certain conditions on bank dividend declarations to keep the liquidity flow and capital base of banks strong in the wake of the deadly Covid-19 outbreak

The outstanding and classified loans of state-owned enterprises (SoEs) to the public sector banks declined slightly in July compared to June, officials have said.

Bangladeshi brand Walton has started to strengthen its footprint in the Iraqi market by exporting its own branded compressor.

Korea was the 9th largest ODA provider to Bangladesh in 2018 with a total disbursement amount of $69 million

The 22 companies have been in the “Z” category from two to five years

India’s economy posted its steepest contraction on record in the April-June quarter of the current fiscal year as the strict lockdowns imposed to ward off the spread of the deadly coronavirus infection stalled economic activity, shut out consumption and investment and led to job and income losses.