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

Import orders double in first half of fiscal year Import orders almost doubled in the first half of the fiscal year thanks to bulk purchase for the Rooppur nuclear power plant. In the first six months of fiscal 2017-18, $40.23 billion worth of letters of credit were opened, up 74.76

PCBs to map out strategy for cutting soured loans Private commercial banks (PCBs) will devise strategies for curbing the volume of non-performing loans (NLPs) in the banking system. Chairman of the Association of Bankers, Bangladesh (ABB) Syed Mahbubur Rahman has been assigned to make a ‘working paper’ in this connection

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

Interest rates on bank deposits increase Interest rates on bank deposits increased further following higher credit growth particularly in private sector, officials said, citing latest disclosure. The weighted average interest rate on deposits rose to 4.93 per cent in August 2017 from 4.89 percent in July, according to the central