Financial reporting act to bring transparency Chairman of the newly-formed Financial Reporting Council yesterday assured businesses not to be concerned about the new act as it will help the country bring in transparency in firms’ auditing and accounting standards. “There is nothing to be worried about the FRC. It will

Digital Security Bill passed The much-debated Digital Security Bill 2018 was passed in parliament last night with a harsh provision allowing police officials to search or arrest anyone without any warrant. Section 43 of the new law says if a police official believes that an offence under the law has

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.61% (Jul 26 ’17) 3.64% (Jul 19 ’17) 0.03% Call Money Lending (Crore BDT) 6,260.00 (Jul 26 ’17) 5,873.00 (Jul 19 ’17) 6.59% Prices Weighted Average Deposit Rate 4.93% (May ’17) 4.97% (Apr ’17) 0.04% Weighted Average Lending

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 3.80% (Nov 22 ’17) 3.80% (Nov 15’17) – Call Money Lending (Crore BDT) 4,977.00 (Nov 22’17) 5,686.00 (Nov 15’17) 12.47% Prices Weighted Average Deposit Rate 4.90% (Sep ’17) 4.93% (Aug ’17) 0.03% Weighted Average Lending Rate 9.45% (Sep

Dollar continues to get dearer The US dollar appreciated heavily against the taka over the last seven days despite the injection of $102 million into the market by the Bangladesh Bank during the period. The inter-bank exchange rate of the dollar shot up to Tk 81.70 yesterday from Tk 81.20