Renata clocks 20pc growth against mkt growth of 17pc Listed pharmaceutical company Renata witnessed a steady growth in net profit for the last three fiscal years (FYs) as the company maintained its high professional standard in manufacturing ‘quality’ medicines. The company reported its net profit of above Tk 3.82 billion

Imports up 11.66pc in seven months The country’s overall imports grew by 11.66 per cent in the first seven months of the current fiscal year (FY), 2017-18, mainly due to higher import of food grains and fuel oils, officials said. Actual import in terms of settlement of letters of credit

Bangladesh Bank expands low-cost fund for apparel exporters The central bank has increased the limit of the low-cost Export Development Fund for apparel exporters to USD 20.0 million from existing USD 15.0 million. “This has been one of our demands,” said Siddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters

Sales of savings tools hit record Net sales of savings instruments hit a record high in fiscal 2015-16, as investors were lured in by interest rates which are 5.0 percentage points higher than those offered by commercial banks on term deposits. The amount was more than double the target set

Improve fiscal health by slashing classified loans The central bank has asked the four state-owned commercial banks (SoCBs) to improve their financial health immediately through reducing the volume of classified loans. The instructions were given at a meeting, held at the Bangladesh Bank (BB) headquarters in the capital on Thursday