Foreign aid inflow jumps by 91pc in five months Bangladesh received US$1.72 billion worth of foreign aid in July-November period this fiscal year (FY2017-18). The disbursements of the concessional medium- and long-term (MLT) assistance were 91 per cent higher than $903.18 million registered in the corresponding period of last FY

Knitwear exports to EU countries face setback: Sluggish demand, devaluation of currencies to blame Bangladesh’s knitwear exports to a number of European Union (EU) member-countries and some other non-traditional markets have been facing a setback in recent times. Exporters and experts have attributed this to a sluggish demand, change of

20 defaulters account for state banks’ one-third bad loans The top 20 defaulters accounted for one-third of the state banks’ total default loans in the first half of 2017, according to the finance ministry. As of June, the defaulters owed Tk 11,579 crore to Sonali, Janata, Agrani, Rupali, BASIC and

Pubali Bank, Padma Oil, IFAD Autos placed in DS30 The Dhaka Stock Exchange has reshuffled its two indices — DS30 and DSEX — as part of its half-yearly rebalancing of the indices, with an effect from July 23.Pubali Bank, Padma Oil and IFAD Autos Limited have made their way to

Remittances from major destinations on dive Inward remittances from 13 major countries out of 18 marked a sharp fall so far in the current fiscal year against the corresponding previous period. Officials said the inflow of remittances from six Middle-Eastern countries along with two others dropped more than 15.0% during