Bank & Finance
Bank & Finance
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Staff Correspondent: Bangladesh Bank has withdrawn the provision of mandatory submission of documents for getting incentive against inward remittance of USD $ 5000 or Tk50, 0000 and upward, in a move to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…
Read More »Remittance inflows declining in
lower-middle income countriesMahfuz Emran: Due to the Russia-Ukraine war, the growth rate of remittances has officially declined in low and middle-income countries. The World Bank expects remittances to increase by 4.2 percent to $630 billion in 2022. However, the growth rate of remittance flow in these countries in 2021 was 7.6 percent…
Read More »Value of Taka decreased by 25 paisa
Staff Correspondent: The price of US dollar has risen in the country in a day. On Tuesday (May 10), the dollar is being traded at Tk 86.70 per dollar in the interbank currency market. The previous day was Tk 86.45 per dollar. The rupee depreciated by 25 paise against the…
Read More »BB struggles with $ demand
LCs worth $68.36 b open in 9-month Staff Correspondent: Bangladesh Bank (BB) is struggling to meet growing demand for the US dollar amid a sharp rise in post- pandemic economic activities.The number of credit bonds or LCs for importing goods is increasing unusually. In the first nine months of the…
Read More »US Dollar price touches Tk 93 in open market
Staff Correspondent: The market is not going to be controlled due to price volatility. The price of dollar is constantly rising. In the open market, there is a huge imbalance between supply and demand. As a result, you have to buy in the open market with around Tk 92 to…
Read More »Global Development Bank (GDB)
Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
