MoF-Bangladesh Bank joint body to recover BDT 96.69 billion from 25 top defaulters A joint committee of the Ministry of Finance (MoF) and the Bangladesh Bank (BB) will be formed to realize BDT 96.69 billion from 25 top default companies. The main tasks of the proposed panel will be to

Private investment to rise 22.0% next year: Finance Minister Private sector investment will increase 21.8% year-on-year to BDT 4.6 trillion next fiscal year owing to political stability and full implementation of the new pay scale for government staff, said Finance Minister AMA Muhith. In the outgoing fiscal year, private sector

Buyers’ credit rises to USD 4.45 billion The buyers’ credit in the country’s business sector increased by 17.8% to USD 4.45 billion as of June 30, 2016 from USD 3.78 billion as of June 30, 2015 as the local importers are allowed to take the foreign loans with a lower

Non-concessional loan, suppliers’ credit to mark sharp rise Non-concessional loans and suppliers’ credit would get a high growth to take the overall foreign credit to $7.1 billion in the new fiscal, $3 billion higher than the amount the country received in the outgoing fiscal. Officials concerned said a significant amount

Banks wary of running all card transactions thru’ BB payment switch Banks and MasterCard have urged the central bank to review its directive to route all card transactions from the New Year through the National Payment Switch of Bangladesh in a bid to mitigate risks of cyber attacks. Their concern