Brac Bank to form asset management subsidiary Brac Bank Limited has decided to form an asset management subsidiary named with a paid-up capital of BDT 100.0 million, said an official disclosure on Monday. The new company will be known as BRAC AMC Limited. An asset management company is a firm

PMO asks for incentives for women Entrepreneurs Prime Minister’s Office has identified a set of fiscal, regulatory and administrative incentives, including tax benefits, for women entrepreneurs to increase their share in investment as well as contribution to national economy. PMO has asked the relevant ministries and divisions, including finance ministry

Bangladesh remains 9th highest remittance receiver: WB According to a World Bank report, Bangladesh remained the ninth highest remittance receiving country in 2018 with the total inflow rising to $15.5 billion from $13.47 billion of 2017. India, like the past year, retained the top position with $ 78.60 billion remittance

Money Market   Parameters Current Period Earlier Period Change   Average Call Money Rate 5.21 % (Mar 18’20) 5.15 % (Mar 12’20) 0.06 %   Call Money Lending (Crore BDT) 1,214.27 (Mar 18’20) 1,592.84 (Mar 12’20) 23.76% Prices Weighted Average Deposit Rate 5.69% (Mar ’12) 5.70% (Feb ’20) 0.01 %

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.61% (Aug 21’19) 4.61% (Aug 21’19) 0.88 % Call Money Lending (Crore BDT) 3,544.88 (Aug 21’19) 3,544.88 (Aug 21’19) 11.99% Prices Weighted Average Deposit Rate 5.43% (Aug 01’19) 5.43% (Aug 01’19) 0.55% Weighted Average Lending Rate 9.58% (Aug