Bank & Finance

Mahfuz Emran: The central bank wants to keep the country’s foreign exchange net reserve at $24 billion. For this purpose, they have revised the foreign exchange income and expenditure plan.Among these, stricter import controls are being imposed to save foreign exchange, foreign exchange exemptions are being taken in less important…

Mahfuz Emran: There is a lot of discussion and criticism about the reserve in recent times. The issue has also reached the political arena. Some say that reserves have decreased due to money laundering. Some say that this reserve crisis is the result of irregularities in the economic sector. Until…

The shareholders of Sena Kalyan Insurance Company Limited have unanimously approved 12 percent cash dividend for the year ended December 31, 2022 as proposed by the Board of Directors.The proposal was approved at the 10th Annual General Meeting held virtually. Chairman of the company, Major General Iftekhar Anis presided over…

Almost every economist agrees with the following principle in reserve calculation: “Whatcannot be spent should not be counted.” Industry Desk: The foreign exchange reserves of Bangladesh fell below $30 billion on Monday, after transferring payment of $1.18 billion in liabilities to the Asian Clearing Union – a payment arrangement between…

Staff Correspondent: Foreign investors are active in the stock market. Foreign investors’ transactions have doubled in April compared to last March.It is known that the total turnover of foreign investors in the stock market last March was Tk 87.51 crore. It increased to Tk 182 crores in April. In other…

Bangladesh economy Farhad Chowdhury: According to the information of the Ministry of Finance, the government has allocated Tk 80,375 crore for the interest payment in the budget of the current financial year. But Tk 56,222 crores have been spent in this sector in eight months till February. Accordingly, 70 percent…

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…