Cash crunch hits ICB operations
Incurs Tk 236 cr loss in Q1 Staff Correspondent: State-owned non-banking financial institutions and one of the largest institutional investors in the capital market, Investment Corporation of Bangladesh (ICB), are facing a deepening cash crunch. The…
Read More »Migration expenses increased by 80pc
Zarif Mahmud: A record number of Bangladeshis are going abroad for various reasons including immigration, travel, medical treatment. Again, the price of airline tickets has increased by more than half. In all, Bangladeshis spent 80 percent…
Read More »Annual average income now stood at Tk 91,368
Staff Correspondent: The average annual income of Bangladeshi people has stood at Tk 91,368. Earlier in 2016, the income was Tk 47,280. The income has increase by 93.24 percent in 7 years.The average monthly income of…
Read More »SoBs in shaky financial situation after 52 years
Syed Nasir Hossain: The country’s state-owned banks are still involved in various irregularities. These institutions of the state are being destroyed by giving anonymous loans through forgery. After 52 years of financial scandals and gross mismanagement,…
Read More »US could because of Arab Spring in BD
Russian Foreign Ministry Maria Zakharova, the spokesperson of the Russian Foreign Ministry, made the first complaint on Nov 23 Rabiul Haque: Russia has expressed fear that the United States may try to cause incidents like the…
Read More »Five Shariah-based banks facing severe cash crisis
Staff Correspondent: Due to shortage of money, financial transaction services of five Shariah-based banks of the country are about to be stopped. By writing to these banks, Bangladesh Bank has said that the current account status…
Read More »Reserves must be $17.78 bin Dec 31
IMF sets new target Staff Correspondent: The International Monetary Fund (IMF) has set a target of $17.78 billion foreign exchange net reserves in Bangladesh Bank for December. Earlier, the net foreign exchange reserve target for December…
Read More »Net reserves stood at $19.86 billion
Staff Correspondent: The International Monetary Fund (IMF) has waived the second tranche of $689.8 million in favor of Bangladesh. The money was deposited into the central bank’s account in Washington on Friday. In this, the country’s…
Read More »Economic reforms to be strengthened after polls
Farhad Chowdhury: Despite various challenges, Bangladesh has met most of the International Monetary Fund’s (IMF) conditions for the second tranche loan. However, it could not meet the very important targets of foreign exchange reserve conservation and…
Read More »President consents to deployment army on polls duty
Staff Correspondent: President Mohammed Shahabuddin yesterday gave consent to deploy military personnel to help ensure free, fair and peaceful Jatiya Sangsad (JS) polls.“The president consented to deploy members of armed forces division (AFD) for holding next…
Read More »Hasina calls for resisting killers
Staff Correspondent: Awami League President and Prime Minister Sheikh Hasina on Sunday reiterated her call to the countrymen to resist the arson terrorists and killers, saying that hearts of people cannot be won through arson terrorism…
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