Economy

New loan scams, dollar crunch hit banks in Bangladesh

Shawdesh Desk: The country’s banking sector passed the year 2022 amid various crises and controversies as the Bangladesh Bank’s apathy about the continued irregularities, the loss of confidence among depositors

Bangladesh Bank creates TK 10,000cr export facilitation fund

Shawdesh Desk: The Bangladesh Bank has created an export facilitation fund of Taka 10,000 crore to support export-oriented firms. Under the fund, an exporter will be allowed to take a

Bangladesh’s remittance slightly up in July-Dec

Shawdesh Desk: Remittance inflow increased slightly in the first half (July-December) of the current financial year 2022-2023 compared with that in the same period of FY 2021-22 amid various initiatives

Capital market beats the odds in 2022

Shawdesh desk: Despite global supply chain disruptions, Bangladesh’s capital market has remained resilient with prudent policies to shift focus to new investment from secondary markets. Market analysts and regulators have

Exports to India reach $1bn in 5 months

Shawdesh Desk: Bangladesh’s exports to India increased 8 percent year-on-year to nearly $1 billion in the first five months of the current fiscal year, supported by a big jump in

Fall in LC opening a good sign for economy: Experts

Shawdesh Desk: Economists and bankers say the country’s economy is starting to recover with a fall in Letter of Credit (LC) openings and modest increases in foreign currency reserves after

Rampal plant starts commercial run with 660MW to national grid

Shawdesh Desk: The coal based Maitree Super Thermal Power Plant at Rampal started into commercial run on Saturday night, successfully synchronized 660 megawatt (MW) electricity with the national grid of

EU adopts global minimum 15pc tax on big business

Shawdesh Desk: The European Union has adopted a plan for a global minimum 15% tax on big business. Leaders gave their final approvals on Thursday after months of political wrangling.