News

The high-flying growth of the e-commerce sector of Bangladesh has slowed in recent months, largely because of disrupted supply chains caused by strict lockdown and tightening of belts by consumers.

Tax collection bounced back in Bangladesh in the last fiscal year to grow at the sharpest pace in 10 years, riding on increased imports and an uptick in receipts of value-added tax.

Experts yesterday emphasised sustainable and efficient river dredging and its proper maintenance to improve the country’s inland waterways to propel industrial and socio-economic development.

Bangladesh Bank (BB) has raised the agriculture and rural loan disbursement target by 7.98 percent to Taka 28,391 crore for the current fiscal year (FY22), said the central bank in a release on Thursday. The disbursement target for the immediate past fiscal year (FY20) was Taka 26,292 crore. “

Malaysian telecoms group Axiata Group Bhd is exploring a deal to acquire an equity holding of almost two-thirds of Indonesia’s PT Link Net Tbk shares, it said in a stock exchange filing on Friday.

Like the previous year, the Bangladesh Bank kept its private sector credit growth target unchanged at 14.8% — a target that economists think is too ambitious

Despite record excess liquidity in the banking system and depressed credit growth, the Bangladesh Bank yesterday said it would continue its expansionary monetary stance in the current fiscal year to help the economy ride out the slowdown.

The government has decided to keep all the export-oriented factories and industries open from August 1 amid the ongoing strict lockdown which started from July 23.

The government is going to recognize 66 exporters with the “National Export Trophy” for the financial year 2017-18 for earning the highest amount of foreign currency through export in their respective sectors.

Rajshahi Krishi Unnayan Bank (RAKUB) has been continuously helping the farmers of the country’s northwest region offset their losses caused by the Covid-19 pandemic situation.The specialized commercial bank has been providing loans to the affected people in agriculture and other sectors to enable them to get back to normal life. …