Foreign assistance disbursement jumped 58 per cent in the current fiscal year’s July-April period thanks to spending for vaccination, one-time budget support and implementation of mega projects, including that of the Russia-funded Rooppur nuclear power plant. 

Mercantile Bank Ltd has targeted sustainable long-term business growth as part of its plans to become the top financial institution in Bangladesh in terms of sustainability, said its top executive.

Bangladesh Bank yesterday introduced a Tk 100 crore refinance scheme for “digital nano loan” disbursements with an aim to expand the financial inclusion of marginalised people.

The Bangladesh Bank yesterday provided a fresh waiver to Padma Bank allowing it to maintain a lower amount of mandatory liquid assets in order to enable the crisis-ridden lender to improve its balance sheet and attract foreign investors.

Bangladesh’s trade deficit shot up 53 per cent year-on-year to $27.5 billion in the July-April period of the current fiscal year as the surge in imports continued against lower export receipts, exceeding last year’s total shortfall.

A staggering 5,25,820 counts of malware infections have been identified in the four telecom operators in the country, according to the Horizon Scanning Report for Bangladesh Telecom Operators prepared by the cyber threat intelligence researchers of Bangladesh e-Government CIRT (Computer Incident Response Team).

Macroeconomic stability has been a hallmark of Bangladesh’s development strategy. This has served the country well, especially in terms of providing a solid enabling environment for the private sector.

Export earnings, the largest source of foreign currencies for Bangladesh, slowed in May reflecting the fall in demand in western economies reeling from the crisis caused by higher inflation, the Russian–Ukraine war and supply chain bottlenecks.

In an effort to stabilise the forex market, Bangladesh Bank has decided to allow the exchange rates of the taka to float against the US dollar for the first time in a decade.

AB Bank recently promoted two officials to the post of deputy managing director.

Tea export from Bangladesh has not increased keeping pace with the use and production of tea in the country, Commerce Minister Tipu Munshi said yesterday.

China  “firmly” opposes a new trade initiative between Taiwan and the United States, the Commerce Ministry said on Thursday, a plan the government in Taipei says is a recognition of the key position the island plays in global supply chains.

Stocks and turnover rose at Dhaka Stock Exchange (DSE) yesterday as general investors’ confidence grew with a recent decision of the stock market regulator to prevent stocks from dropping by over 2 per cent in a day. 

Tea export from Bangladesh has not increased keeping pace with the use and production of tea in the country, Commerce Minister Tipu Munshi said today.

Participating banks will be able to disburse loans of Tk 500 to Tk 50,000 to individual customers with up to 9 per cent interest under the scheme.

“The highest amount of rice was produced in the previous season. The country should get benefit of it now,” said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

Singer Bangladesh has signed an agreement with Bangladesh Special Economic Zone (BSEZ) in Narayanganj’s Rupganj to take 35 acres of land on lease to establish new manufacturing complex.

The prime index of the Dhaka bourse along with its turnover rose today riding on the increased confidence of the general investors thanks to the stock market regulator’s recent move to stop the free fall of share prices.

Shares on the Dhaka Stock Exchange (DSE) rose today building on the gains in the last few trading sessions.

Paddy farmers in the Chalan Beel region of Rajshahi, Pabna, Sirajganj and Natore are concerned about whether they can achieve their expected yields this year as early floods have badly damaged their crops in the vast wetland.