Private sector can help improve infrastructure: IDB president Islamic Development Bank President Bandar Hajjar yesterday stressed the importance of the private sector to improve the basic infrastructure in its member countries and achieve the Sustainable Development Goals (SDGs). Fifty-seven member countries of the IDB require $1 trillion per annum to

BB tightens rules to restore discipline in import financing The central bank yesterday drew up a detailed guideline on post-import financing (PIF) to end the misuse of loans extended to pay for imported goods and bring discipline in the foreign exchange regime in the banking industry. Previously, some delinquent borrowers

Stocks rise despite floor price removal The country’s stock market rose yesterday thanks to a boost in confidence among institutional investors, despite the removal of floor prices of all listed companies. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose by 16 points, or 0.27 per cent,

ADB approves $940m loan for vaccine purchase The Asian Development Bank yesterday approved a loan package of $940 million for Bangladesh to help the country buy Covid-19 vaccines. The package comprises a regular loan and a concessional loan of $470 million each, the Manila-based lender said in a press release.

Rates of interest on T-bills, bonds on the decline Rates of interest on the government treasury bills and bonds decreased significantly in recent months as most of the scheduled banks rushed to invest their excess liquidity in the government tools amid a slow credit demand from the industrial sector due