Bank & Finance
Bank & Finance
Journey for trillion dollar economy begins
Enayet Karim : Bangladesh is on the way to becoming a trillion-dollar economy by 2040. Being a growing market with a strategic geographic position, Bangladesh is sure to benefit from its growing middle-income group.Currently, Bangladesh is a $416-billion economy. BCG predicts Bangladesh’s middle and affluent class will reach a volume…
Read More »A new year of conflict crisis and uncertainty
Mahbub Ullah : The New Year begins with the first sunrise on the Pacific Island of Kiribati. Gradually, the New Year’s sunlight will spread towards the west. The rays of the sun will light up the eastern hemisphere and spread to the western hemisphere.The people of the world will welcome…
Read More »Future of economy depends on politics
Mahfuja Mukul : The country’s economy is going through a crisis. Dollar deficit, decline in reserves, scarcity of gas and fuel, strict import conditions, excessive defaulted loans, liquidity shortage, lack of good governance, restrictive fiscal regime, political instability are among them. There is a lack of preparation to meet the…
Read More »4-bank unable to pay $300 m BPC oil bills
Syed Nasir Hossain : The dollar crisis in the country is still not over. In this, the importers are confused about the opening and settlement of the LC for the import of goods. The state-owned Bangladesh Petroleum Corporation (BPC) has not been spared from this. Due to the dollar crisis,…
Read More »Banking sector facing confidence crisis
Mahfuja Mukul: Various incidents in the banking sector have repeatedly peeked through the year. One of them was the fluctuation of the customer’s trust in the bank. Many customers have withdrawn money from the bank. Bank counters are called to withdraw money. Bangladesh Bank increases cash in the market by…
Read More »Foreign loan commitments up but disbursements down
Rabiul Haque: Foreign loan commitments to Bangladesh have reached new highs and at the same time debt repayment pressures and costs have increased. However, despite the increase in promises, the discount has decreased. This figure has emerged in the data provided by the Economic Relations Department (ERD). During the July-November…
Read More »LC for consumer goods fell by 44 percent
Impact of dollar crunch Staff Correspondent: The acute dollar crisis has had a negative impact on the import of consumer goods. Importers of consumer goods are not able to open LCs on demand due to lack of dollars. As the import of these products has decreased, LC opening has also…
Read More »Banks borrowing at 12.5 pc interest to meet up crisis
Staff Correspondent: The liquidity crisis in the banking sector is increasing day by day. The interbank currency market is also becoming unstable. On Thursday, banks facing liquidity crisis borrowed at a record 12.5 percent interest rate in this market. This information is known from the report of Bangladesh Bank.Some bankers…
Read More »Banks doing brisk business for dollar
Mahfuja Mukul: The fixed price of import dollar is Tk 110. But in reality, no dollar is available at this price. Have to count Tk 123-124. Sometimes up to Tk 130 is taken. This is how dollar business is going on in almost all banks of the country. A handful…
Read More »Bank deposits increasing
Syed Nasir Hossain: The demand for liquidity in the banking sector is increasing while lending to the government. Besides, the nine-six limit on interest rates has also been lifted. In such a situation, the deposit interest rate is increasing. Banks in particular liquidity crisis are taking relatively high interest deposits.…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
