E-commerce sales to reach $3b in 4 years Bangladesh’s e-commerce market stands at $1.6 billion currently and will double to $3 billion by 2023 on the back of a digital foundation laid down by the government and a young and tech-savvy population, a German research firm said recently. In terms

Bangladesh Bank sells $25m more to five banks The central bank of Bangladesh has sold US$25 million more to five commercial banks to meet the growing demand for the greenback in the market. “We’ve sold the foreign currency to the banks on Tuesday at market rate to settle outstanding letters

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.53% (May 15’19) 4.51% (May 08’19) 0.02% Call Money Lending (Crore BDT) 5,434.51 (May 15’19) 5,786.45 (May 08’19) 6.08% Prices Weighted Average Deposit Rate 5.30% (May 16’19) 5.35% (May 09’19) 0.05% Weighted Average Lending Rate 9.49% (May 16’19)

Full execution of new VAT law likely in FY22 Finance Minister A M A Muhith on Monday said the new VAT law might be fully implemented in fiscal year (FY) 2021-22. He made the comment just after a day the National Board of Revenue (NBR) chief pledged to implement the

Bangladesh Bank buys USD 1.8 billion from banks in July-October The central bank has directly purchased USD 1.8 billion from the commercial banks in the first four months of the current fiscal year (FY), 2016-17, to help keep the inter-bank foreign exchange (forex) market stable. The amount was slightly lower