Bank & Finance

Mahfuz Emran: Export earnings and remittance flows, the two main sectors of foreign exchange earnings in the country, declined in April.Export earnings fell by 16.5 percent and remittances by nearly 17 percent. Reducing the income in these two sectors will increase the pressure on the foreign exchange management. At the…

BB sells $ at Tk 104.5 Staff Correspondent: The Bangladeshi taka yesterday weakened further against the US dollar as the Bangladesh Bank started selling the American greenback to banks at Tk 104.5. The move is aimed at adjusting the exchange rates gradually in line with the market demand and supply,…

Industry Desk: The overall inflation in Bangladesh stood at 9.24% in April, which was 9.33% in March, highest in the last eight months.The latest inflation data was released by the Bangladesh Bureau of Statistics yesterday. Earlier in August last year, inflation in the country hit a record 9.52%.According to BBS…

Facebook, Google must open office in Bangladesh Industry Desk: Bangladesh has a big potential in digital economy but it cannot seize the opportunity for absence of adequate policy, economists, policymakers and IT experts observed on Saturday.Tech giants like Google and Facebook must be compelled to open their office in the…

Mahfuz Emran: It is known that the national budget is being prepared with the aim of achieving a growth rate of 7.5 percent for the new financial year 2023-24. However, the World Bank and Asian Development Bank (ADB) have said that Bangladesh’s growth in the next financial year will be…

Absconding Chittagong businessmen Zarif Mahmud with Ayub Ali: The banks and financial institutions of Chittagong are in crisis due to the large number of defaulters leaving the country and living abroad. The amount of default loans in Chittagong is over than Tk 50,000 crore.According to lending banks, industry insiders, lawyers…

IMF mission meeting with BB Arun Sarker: Revenue collection and net foreign exchange reserves lag behind the International Monetary Fund (IMF) loan defaults. The international donor organization has expressed concern about these two issues.At the same time, it has been asked to give maximum importance to the creation of net…

Staff Correspondent: Expatriate Bangladeshis remitted 958.7 million US dollars through legal or banking channels on the occasion of Eid-ul-Fitr. In the local currency, which has an exchange rate of 107 taka per dollar, this equates to a sum of Tk 13,600 crores.In the first 21 days of April, remittances received…

Mahfuz Emran: At one time, the banking sector was considered as the lifeblood of the country’s stock market. Most of the transactions were held by the bank. However, the financial condition of many banks deteriorated due to various irregularities. At the same time, most of the listed banks become dependent…