Trade deficit hits all-time high Bangladesh’s trade deficit hit an all-time high of $22.27 billion last fiscal year due to a rise in commodity prices in the global market. In fiscal 2019-20, this trade gap, which occurs when imports outweigh exports, swelled 27.66 per cent year-on-year to stand at $17.85

12 fuel, power companies see profit rise welve out of the country’s 22 listed fuel and power companies saw profits increase year-on-year in the first nine months of the ongoing fiscal year thanks to the rebounding of the economy. The United Power Generation & Distribution Company logged the highest, Tk

Bank borrowing target set at Tk 760b for FY’22 The government is likely to set its borrowing target from the banking system at over Tk 760 billion to finance the budget deficit in the next fiscal year (FY). The bank borrowing for the FY2021-22 would be 7.0-plus per cent less

BB offers Tk 1,000cr to save ailing cinemas Bangladesh Bank yesterday declared a Tk 1,000 crore fund aimed at salvaging the country’s ailing movie theatres. Existing owners of cinemas and new entrepreneurs will be able to avail soft loans from the fund, according to a central bank notice. The initiative

Sept NPLs drop 2.0pc The default loans dropped slightly in September last as the central bank suspended the routine exercise of classification to help businesses overcome the adverse impact of Covid-19 pandemic. The volume of non-performing loans (NPLs) fell by nearly 2.0 per cent or Tk 16.76 billion to Tk