Tax benefits for Manufacturers to go up in budget: NBR As per the National Board of Revenue chairman, Manufacturers of mobile handset, refrigerator and other electrical and electronic products will get higher tax benefits compared with assemblers of the products in the budget for 2019-2020 fiscal year. At a pre-budget

ADB to lend more to BD The Asian Development Bank (ADB) said on Tuesday of extending its financial support further to Bangladesh’s development in future. The Manila-based lender said it will finance more development projects in addition to the current portfolios. ADB Country Director assured the Finance Minister of the

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.47% (Jan 30’19) 4.48% (Jan 23’19) 0.01% Call Money Lending (Crore BDT) 4870.02 (Jan 30’19) 6138.38 (Jan 23’19) 20.66% Prices Weighted Average Deposit Rate 5.26% (Jan 31’19) 5.26% (Jan 24’19) 0.00% Weighted Average Lending Rate 9.49% (Jan 31’19)

Banks to cut lending rates in phases Banks are sticking to their directors’ decision to bring down the lending rates to 9 percent from July 1 amid growing dilemma over how to execute the plan for a large number of loan products. The Bangladesh Association of Banks (BAB), last week

IBBL holds 14% banking customers of Bangladesh Islami Bank Bangladesh Limited (IBBL)’s customers’ base reached at 11.5 million representing 14 per cent share of Bangladesh’s banking customers and 25 per cent of the global Islamic banking clients. It was disclosed at half-yearly business development conference, held at a local hotel