Trade deficit rises to USD 2.8 billion in July-October The country’s trade deficit increased by 12.5% to USD 2.8 billion in the first four months of the current financial year of 2016-17 compared with that of USD 2.5 billion in the corresponding period of FY16. The deficit increased during the

Bangladesh Bank cap likely to affect mobile-based transactions The latest Bangladesh Bank (BB) restriction on mobile-based transaction (m-transaction) is likely to have a negative impact on the growth of mobile banking in the country, insiders said on Sunday. The latest move, apart from causing inconvenience to the general subscribers especially

Government to borrow from forex reserve for mega projects The government has decided to issue bonds as an instrument to borrow money from the country’s foreign exchange reserve for financing the mega projects, finance minister AMA Muhith said. Earlier, members of a committee, led by central bank deputy governor Shitangshu

Govt sees reserves to increase to $38.7b by FY ’17 end The government has revised upward its projection of foreign-exchange reserves to US$38.7 billion, with an increase of $8.4 billion, for the current fiscal year. However, analysts have expressed their scepticism about the projection. This, they say, is unlikely to

Sharp fall in bank deposit growth The country’s banking sector witnessed a sharp fall in deposit growth in March as banks were slashing their interest rates continuously almost every month during the last two years. The average deposit growth rate came down to 8.3% in March this year compared to