Rejaul Karim Byron

Four private borrowers, mostly from the power sector, got loans of $120.72 million from seven banks and financial institutions under an investment promotion programme of the World Bank.

Fitch, a leading global credit rating agency, forecast Bangladesh's gross domestic product would grow 6.5 percent in the current fiscal year against the government's target of 7 percent.

The government is set to build a sewage treatment plant in the capital's Khilgaon area at a cost of Tk 3,318 crore, two-thirds of which

Bangladesh Bank yesterday warned it would curtail the functions of BASIC Bank as per laws if the problem-ridden lender did not

The World Bank is expected to commit as much as $1.7 billion this fiscal year, which is almost the same as in the last five years.

Credit rollout by local private banks grew at a faster rate than foreign and state-run lenders last fiscal year due to their aggressive push for more profit.

The new import policy has proposed banning various battery-run vehicles, including easy-bikes and rickshaws, to reduce wastage of electricity.

The banking system's default loans dropped 3.91 percent to Tk 52,519 crore in the second quarter of the year, much to the relief of the central bank.

The amount of foreign aid available to the government to spend on development purposes reached a new height of $21.71 billion at the end of last fiscal year, boosted by higher commitments from development partners.

The government is planning to give full autonomy to the central bank's financial intelligence unit so it can deal with financial crimes independently.

The government provided Tk 11,219 crore to four state banks over the last 12 years to meet their capital deficits but the lenders'

The National Board of Revenue has proposed Tk 580 as customs fee for transit or transhipment of each tonne of Indian goods through

The government plans to put sugar and hilsa fish on the list of exportable goods in the new export policy. But a prior approval of the

Four state-owned commercial banks recovered only 3 percent of their full-year target from top 20 defaulters in the first three months of 2015.

The International Monetary Fund has extended the tenure of the Extended Credit Facility programme by three months to give the government sufficient time to meet the unfulfilled conditions for release of the last two instalments of the $1 billion-loan.

The export policy for 2015-18 has put thrust on trade with Nepal, Bhutan and the seven sister states of India under the sub-regional

The central bank has approved Janata Bank's proposal for rescheduling loans of three companies amounting to Tk 3,138 crore under

Bangladesh Bank has taken an initiative to improve banks' financial health by increasing their capital adequacy ratio (CAR) in line with

Bangladesh plans to form a sovereign wealth fund with its foreign currency reserves to invest in infrastructure, the lack of which is turning out to be the main barrier to getting out of the 6-percent economic growth trap.

The government is set to build a permanent exhibition centre on 20 acres of land at Purbachal, with China financing 79 percent of the cost.