Corporate

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…

Staff Correspondent: 2 crore 55 lakhs 4 thousand 300 taka toll has been collected at Padma Bridge in 24 hours, this toll is collected from 12:00 PM on Sunday to 11:59 PM on Monday.Yesterday morning, the Additional Director of Padma Setu Amirul Haider Chowdhury confirmed the matter in the media…

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…

Bunch of proposals given by ministries Mahfuja Mukul: Various ministries and government departments have asked to take necessary steps to stabilize inflation and currency exchange rates in the next budget to deal with the global economic crisis.It has also warned about excessive spending on subsidies. Besides, emphasis is said to…

Target 2.3 m metrictons in Cox’s Bazar HM Faridul Alam Shaheen, Cox’s Bazar: In intense heat, the whole country is fertile. But the exception is only in the production of salt. As the intensity of heat increases, the production of salt increases. Salt farmers are accustomed to producing salt in…

Staff Correspondent: International Monetary Fund (IMF) Asia and Pacific Region Director Krishna Srinivasan said, ‘Bangladesh is trying to unify market-based and currency exchange rates. This effort means having a peg of the US dollar against the taka. There are currently multiple rates against US dollar.Srinivasan spoke about the currency exchange…

Zarif Mahmud: Even during the financial crisis, commercial banks are increasing the disbursement of loans to the industrial sector. But most of those loans are not being recovered. As a result, it is defaulting. Defaults in industrial loans have increased at a comparatively higher rate than overall bank loans. In…

Mahfuja Mukul: After much recession, the economy has become stronger due to Ramadan, Pahela Baisakh and Eid. Remittances in March crossed $2 billion.On the other hand, the national and local government elections are held this year. As a result, candidates are also spending money. Due to these reasons, the flow…

Income also doubled by Tk 32,422 monthly Staff Correspondent: The average monthly expenditure of a householder (family) in the country is Tk 31,500. In 2016 which was Tk 15,715. As such, the cost has doubled in the span of only 6 years.In the span of six years, the economic capacity…

Deficit projected Tk 2.60 trillion Mahfuja Mukul: According to the Finance Department, inflation will not come down much in the coming financial year. As a result, the main challenge is inflation control. And there will be two major pressures on the government’s operating expenses.They are – Subsidy and Interest Expenditure.…