July trade deficit far below FY22’s monthly average
Bangladesh’s trade deficit widened by 46.4 per cent year-on-year to $1.98 billion in July, but it was far below than the monthly average recorded in the last fiscal year, an encouraging sign for the economy.
Robust remittance, exports to ease pressure on external sector
Migrant workers and Bangladeshis living abroad sent more than $2 billion in each of the first two months of the current fiscal year, a promising sign for the economy.
Forex reserve falls to $39.05b
Bangladesh’s foreign exchange reserve has started to decline once again as it stood at $39.05 billion yesterday in contrast to $39.21 billion the day before.
Nagad Finance gets BB nod
Does the crowded, troubled non-bank financial sector need another player? The Bangladesh Bank deems so as it yesterday gave the primary licence to Nagad Finance plc, where Nagad Ltd Managing Director Tanvir A Mishuk and Executive Director Mohammad Aminul Haque are directors.
Credit growth keeps rising
Private sector credit growth in Bangladesh rose further in July despite a contractionary monetary policy adopted by the Bangladesh Bank for the current fiscal year to tame higher inflation.
Import bills stay at higher levels
Import bills rose 63 per cent year-on-year to $7.66 billion in July but it declined from a month ago, signalling the easing of international payment pressure thanks to the recent Bangladesh Bank efforts to cool down the volatile foreign exchange market.
Bangladesh’s credit rating unchanged
Global rating agency Standard & Poor yesterday maintained its long-held credit score for Bangladesh despite the ongoing hiccups in the economy, in a development that will ward off fears of any financial crisis similar to South Asian neighbours.
Majority of banks not maintaining Tk 1 spread
A majority of banks yesterday did not abide by Bangladesh Bank’s instruction to maintain a spread of Tk 1 when buying and selling the US dollar.
September 5, 2022
July trade deficit far below FY22’s monthly average
Bangladesh’s trade deficit widened by 46.4 per cent year-on-year to $1.98 billion in July, but it was far below than the monthly average recorded in the last fiscal year, an encouraging sign for the economy.
September 2, 2022
Robust remittance, exports to ease pressure on external sector
Migrant workers and Bangladeshis living abroad sent more than $2 billion in each of the first two months of the current fiscal year, a promising sign for the economy.
September 1, 2022
Forex reserve falls to $39.05b
Bangladesh’s foreign exchange reserve has started to decline once again as it stood at $39.05 billion yesterday in contrast to $39.21 billion the day before.
August 31, 2022
Nagad Finance gets BB nod
Does the crowded, troubled non-bank financial sector need another player? The Bangladesh Bank deems so as it yesterday gave the primary licence to Nagad Finance plc, where Nagad Ltd Managing Director Tanvir A Mishuk and Executive Director Mohammad Aminul Haque are directors.
August 30, 2022
Credit growth keeps rising
Private sector credit growth in Bangladesh rose further in July despite a contractionary monetary policy adopted by the Bangladesh Bank for the current fiscal year to tame higher inflation.
August 26, 2022
Import bills stay at higher levels
Import bills rose 63 per cent year-on-year to $7.66 billion in July but it declined from a month ago, signalling the easing of international payment pressure thanks to the recent Bangladesh Bank efforts to cool down the volatile foreign exchange market.
August 26, 2022
Bangladesh’s credit rating unchanged
Global rating agency Standard & Poor yesterday maintained its long-held credit score for Bangladesh despite the ongoing hiccups in the economy, in a development that will ward off fears of any financial crisis similar to South Asian neighbours.
August 17, 2022
Majority of banks not maintaining Tk 1 spread
A majority of banks yesterday did not abide by Bangladesh Bank’s instruction to maintain a spread of Tk 1 when buying and selling the US dollar.
August 14, 2022
Dozen banks hold about 60pc default loans
Twelve banks accounted for 58 per cent of the total default loans in Bangladesh in June as irregularities show no signs of abating while existing bad debts have remained unrecovered in the absence of strong action.
August 12, 2022
Bad loans at record high
Defaulted loans in the country’s banks hit an all-time of high of Tk 125,257 crore by the end of June this year.
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