Bank & Finance
Bank & Finance
Remittance inflow decreases by 13pc in May
Staff Correspondent: Remittance sent by expatriates has decreased by 13% in May as compared to the same month of last year.In May of the current financial year, expatriates sent $1.88 billion in remittances to the country. However, it was $2.17 billion during the same period of last fiscal.The country received…
Read More »Subsidy pressure rises on next budget
Govt bank loan dependency increases Golam Mostafa Jibon: The pressure of subsidy is going to increase in the next budget breaking all the record of previous period.Sources said, the Russia-Ukraine war has shaken the world economy in the post corona situation. Almost all the countries in the globe are in…
Read More »Black money to legalize in next budget
Economists term it ‘budget capture’ Industry Desk: Laundered money and assets abroad can be legalized by paying 10 per cent and 15 per cent tax respectively without questioning by any government agencies.The government is going to introduce such special opportunities in a bid to bring back laundered money in the…
Read More »Dollar demand low in kerb market
Staff Correspondent: The price of dollar has seen a minimal decrease of 20-30 paisa with the US currency being traded for Tk96.50 in the kerb market yesterday.On Monday (30 May), the price of the dollar was almost the same around Tk96.70. However, the rate of dollar varied in money exchange…
Read More »Mobile App ‘Machhgari’ for fish transporting introduced in BD
Staff Correspondent: An observation meeting on the mobile application ‘Machhgari’ for fish transportation being implemented by Worldfish under the USAID-funded Feed the Future Bangladesh Aquaculture and Nutrition Activity project was held at the Ministry of Fisheries and Livestock on Tuesday (May 31, 2022).Secretary of the Ministry of Fisheries and Livestock…
Read More »9th AGM Notice of Sena Kalyan Insurance Company Ltd.
BB moves to encourage remittance to boost forex
Staff Correspondent: Bangladesh Bank has withdrawn the provision of mandatory submission of documents for getting incentive against inward remittance of USD $ 5000 or Tk50, 0000 and upward, in a move to encourage greater inflow of remittance.Kazi Rafiqul Hassan, general manager, foreign exchange department issued a circular yesterday withdrawing the…
Read More »Investors frustrated in frequent fall
Stock market losing confidence Mahfuz Emran: The country’s stock market has fallen into a terrible fall. On Sunday, the first working day of the current week, in continuation of the previous week, the transaction ended with a big drop. The country’s stock market is frustrated as the downward trend continues…
Read More »Global Development Bank
to start journey on June 1Staff Correspondent: To tackle the post Covid-19 pandemic financial crisis and economic catastrophe, a new international development banknamed Global Development Bank (GDB) is going to be launched on June 1in the member states of the United Nations. The Global Development Bank (GDB) will play the key role as a development…
Read More »Arrest warrants issued against Evaly CEO Rassel, 2 others in cheque fraud case
A Dhaka court has issued arrest warrants against Evaly chief executive officer Mohammad Rassel and two others in a bank cheque fraud case filed by a customer in Dhamrai. Judge Kazi Ashrafuzzaman of Chief Judicial Magistrate Court issued the arrest warrants on Monday (May 16, 2022), reports our Savar correspondent…
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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 …
