Bank & Finance

Hasina in donation receiving prog Staff Correspondent: Prime Minister Sheikh Hasina yesterdaysaid her government has been working to improve the connectivity throughout the country for economic progress and industrialization.“We’ve developed a communication network through construction of roads and bridges across the country. Besides, we’ve been dredging and reviving the rivers….…

Staff Correspondent: Bangladesh Bank says that no companies from “major industries” will be deemed to be defaulters if they manage to repay at least half of their instalments.For example, a company will avoid falling into the category of defaulters by repaying at least 50 percent of the loans payable for…

Court Correspondent: A Dhaka court yesterdayset August 17 to submit the probe report in the case lodged over Bangladesh Bank (BB) reserve heist that took place in 2016.Dhaka Metropolitan Magistrate MdArafatulRakib fixed the date as the Criminal Investigation Department (CID) failed to present the report yesterday.On February 4, 2016, a…

Amount of claim money Tk 1413.57 cr Mahfuz Emran: According to a report, between July and September 2021, the amount of outstanding insurance claim is Tk 1413.57 crore. The general insurance companies paid 8,134 insurance claims. In contrast, 12,609 insurance claims are outstanding. At this time the amount of insurance…

Industry Report: Large companies, especially top business conglomerates, hold a strong economic power over the nation. These private business groups address many economic challenges like the issue of export diversification, productivity enhancement, and expansion of industry to create more jobs for the people of Bangladesh. In the 2017-18 fiscal year,…

Overseas employment also increasing: PM Staff Correspondent: Sheikh Hasina said Bangladesh is one of the highest receiving remittances in the world. In the fiscal year 2019-20, Bangladesh inward remittances earning was US $18.20 billion and in the fiscal year 2020-21 it increased to a record amount of US $24.8 billion.…

Mahfuz Emran: The economists have expressed their opinion to inject black money in the capital market so that the industrialization of the country could be encouraged by creating job opportunities for the unemployed youths.President of the Global Economist Forum and the Global Development Bank Dr Enayet Karim said that the…

Staff Correspondent: Senior Secretary of the Ministry of Finance Abdur Rouf Talukder has been appointed as the next governor of Bangladesh Bank (BB).Financial Institutions Department of the Ministry of Finance issued a gazette notification on Saturday appointing him for four years. He has been asked to join on July 4.He…

Dr Mohammad Farasuddin Staff Correspondent: Renowned economist, Personal Associate of Bangabandhu and former governor of Bangladesh Bank Dr Mohammad Farasuddin said the proposal to bring back the laundered money after paying tax is unethical and illegal.“The opportunity given to the money launderers to bring their money back to the country…

Collection targets Tk4,33,000 cr Minto Poddar: For the first time the revenue collection target has not been reduced in the supplementary budget, Finance Minister AHM Mustafa Kamal said.“The growth of the revenue collection till March 2022 of the current fiscal year is 19.43%. Considering this satisfactory growth of revenue collection,…