Imports up 5.36pc in 10 months Country’s imports grew by 5.36 per cent in the first 10 months of the current fiscal year (FY) 2018-19 over that of the corresponding period of the last FY. According to the official, the growth was mainly due to higher import of intermediate goods

South Korean Company to invest US$ 6m in Mongla EPZ South Korean Company M/s Hwashin (BD) Limited will invest US$ 6 million to establish a Cosmetics Accessories Industry in Mongla Export Processing Zone. An agreement in this regard has been signed between Bangladesh Export Processing Zones Authority (BEPZA) and M/s

Farmers Bank continues to worry BB Bangladesh Bank has asked Farmers Bank to explain why it continues to disburse fresh loans despite having a bar on lending since January. Earlier in January, the central bank slapped some restrictions on fresh loan disbursement and opening of new branches, with a view

Private credit growth hits 18-month low Private sector credit growth dropped to an 18-month low of 15.87 percent in July, as banks have adopted a “go slow” policy for loan disbursement to comply with the central bank’s newly set loan-deposit ratio. This growth was 1 percentage point less than the

Fresh hike in gas tariff in September likely Bangladesh Energy Regulatory Commission (BERC) is now at the final stage of its scrutiny after holding public hearings over the tariff hike proposals of state-run gas transmission, marketing and distribution companies in June. The LNG import terminal project was brought to a