09
Jan
China has become the largest FDI (foreign direct investment) source country of Bangladesh in terms of the gross flow of $940 million for fiscal year 2022. It has also ranked top in foreign investors with 104 investors at eight export-processing zones (EPZs). China has been the largest trading partner of Bangladesh for the past 12 [...]
09
Jan
Bangladesh Bank (BB) has created an export facilitation fund of Tk 100 billion to support export-oriented firms. Under the fund, an exporter will be allowed to take a loan of a maximum of Tk 2.0 billion from the fund, which is a pre-finance scheme by nature, as per a BB circular issued on Sunday. As [...]
09
Jan
Bangladesh is now the 35th largest economy in the world, according to a report titled 'The Top Heavy Global Economy', published by 'Visual Capitalist'. Bangladesh and India were the only two South Asian countries considered to be part of the 50 largest economies in this list based on International Monetary Fund (IMF) statistics, reports BSS. [...]
According to Bangladesh Bank, the ongoing dollar crisis is not expected to last long as they will take measures to let the market dictate the greenback's exchange rate. But there is a difference between banks making profits and businesses making profits. They [banks] have to maintain many responsibilities and regulations. Encouraging sustainable banking for promoting sustainable [...]
The central bank has announced the formation of a refinance scheme of BDT 25,000 crore for the cottage, micro, small, and medium enterprises (CMSME) sector from the bank's own funds. According to a circular of the Bangladesh Bank's SME and Special Programmes Department, the three-year fund can be extended if necessary. Under the scheme, banks [...]
