Banks break barriers, begin long-term project funding Country’s banks, at long last, have started making available funds to long-term projects. The same was hardly available in local financial sector earlier, sources said and billed it as a breakthrough. Big borrowers used to look beyond the border for such long-term funding

BB revises banks’ investment limit in bonds Bangladesh Bank on Wednesday revised ceiling on banks’ investment in bonds and debentures in line with Bank Company Act (amended) 2013. The BB issued a circular to managing directors and chief executive officers of all banks saying that they (banks) would be allowed

Remittance rises slightly in April Remittance flow to Bangladesh grew marginally in April from a month earlier as low oil prices, weak global economic growth and fiscal tightening in the Middle East continue to hurt the key source of foreign exchange. Some USD 1.1 billion flew in as remittance, up

Finance Minister seeks report on S Alam Finance minister has sought for a report on S Alam Group in wake of the takeover of Social Islami Bank Limited by the Chittagong-based group through, as he described, nasty steps to capture banks. The Finance Minister issued the directive on financial institutions

World Bank lends $500m to boost dairy, livestock production The World Bank has approved a loan worth US$ 500 million to improve livestock and dairy production in Bangladesh so that the country can meet the growing demand for egg, meat and milk and thereby improve the nutritional intake of its