GDP growth to reach 8.13pc this fiscal As per the Government’s provisional data, the country’s economy is estimated to grow 8.13 per cent in the current fiscal year (FY), buoyed by the strong performance of the industrial and service sectors. Finance Minister AHM Mustafa Kamal disclosed the GDP growth rate

Net foreign fund drops further at Dhaka bourse The net foreign fund in the Dhaka Stock Exchange (DSE) remained negative in July, the fourth straight month, as the foreign investors remained reluctant to put fresh stakes. The overseas investors collected shares worth Tk 4.12 billion but sold shares worth Tk

13 banks overshoot SME lending targets Thirteen banks have overshot their annual SME loan disbursement targets in just six months in a sign of aggressive lending, which the central bank terms suspicious. They disbursed 105 percent to 242 percent of their annual targets in January-June this year, Bangladesh Bank data

Bangladesh Bank tells lien banks: Deduct 0.03% from every RMG export order from July 01 The central bank asked the lien banks concerned on Sunday to deduct 0.03% from every readymade garment (RMG) export order from July 01 next. The Bangladesh Bank (BB), in a circular, also asked the bank

Bangladesh Bank issues guideline on commercial paper Bangladesh Bank yesterday issued a guideline on commercial paper (CP) for banks to put in place a uniform procedure for this short-term money-market instrument. Banks are allowed to invest in CPs, provide credit enhancements to CP issuers and act as an issuing and