Economy

Banks’ deposits, loans dip in July

Shawdesh desk: Bank deposits and loan disbursements dropped in July. Bangladesh Bank data showed that deposits fell by Tk 8,197 crore, reaching Tk 17,34,026 crore in July (excluding interbank and government deposits),

BB lifts limit on cash withdrawal per account in a day

Shawdesh desk: Bangladesh Bank on Sunday finally lifted the limit on cash withdrawal from per account in a day. From now on customers will be able to withdraw any cash

United Group power plants get gas at concessional rate, sell power at commercial rate

Shawdesh Desk: Two private power plants have been receiving gas supply from the two subsidiaries of the state-owned Petrobangla at public power plant’s rate, but after producing electricity, selling it

Qatar issues new law to localise private sector jobs

Shawdesh Desk: Qatar has issued a new law to nationalize private sector employment and ensure job security for its nationals, the Qatar News Agency reported. Issued on Sept. 1 by

LPG price hiked, cost of 12 kg cylinder increased by Tk 44

Shawdesh desk; Price of liquefied petroleum gas has been further increased to Tk 118.44 per kg from the previous price of Tk 114.79 for the month of September. Bangladesh Energy

Banking sector reform hinges on resolving political issues: experts

Shawdesh desk; Economists and experts on Friday said that current problems of the financial sector could not be resolved without addressing the underlying political problems, as economic outcomes were connected

Govt starts seizing launderers’ properties

Shawdesh desk: The interim government has started the process of acquiring local assets of money launderers and repatriating their laundered money from abroad. Bangladesh Bank’s financial intelligence unit BFIU, CID, Anti-Corruption

BGMEA seeks Tk 1,900 crore soft loan from government

Shawdesh Desk: Bangladesh Garment Manufacturers and Exporters Association on Tuesday sought soft loan facilities of around Tk 1,900 crore from the government to recoup their recent losses due to general holidays