SS Steel’s Q1 profit surges 50%
The steel manufacturer posts higher cash collections as well SS Steel Ltd, a prominent steel manufacturer
Credit card interest hiked to 25% max
The maximum amount of interest that banks can charge on credit cards has been hiked
Businesses will now get up to three years for payment: BB
Earlier, industries could import capital machinery under a 360-day usance term Bangladesh Bank (BB) has
Debt payment burden to intensify further
A spike in the already-increasing debt servicing burden is imminent as the country’s debt to
Remittance rises 14% in November
However, November-s inflow of $2.2 billion was 8.16% lower than the previous month Remittances sent
ITFC to provide US$2.75b annual financing support
The Jeddah-based International Islamic Trade Finance Corporation (ITFC) would provide Bangladesh with US$2.75 billion annual
US top remittance source in Nov, Dhaka top recipient
The biggest source of all the remittance received by Bangladesh last November was the US,
External debt rises slightly
Although Bangladesh’s foreign debt slightly increased in the first quarter of the current fiscal year
BB allows local agent firms to open FCA
Bangladesh Bank has allowed local companies working as agents to open and maintain foreign currency
Bangladesh has huge potential to attract investment
Bangladesh has significant potential for foreign investment due to its large pool of human resources,