Economy

Gross forex stocks of banks falling fast

Gross forex stocks of banks falling fast

Gross foreign-exchange holding by commercial banks keeps falling as factors like currency swap and widening deficit in trade credits principally weigh down, competent sources say. On the other hand, officials and bankers have said, the import orders amid belt-tightening steps taken by Bang

New projects, Chinese RMB transaction top agenda

New projects, Chinese RMB transaction top agenda

Funding several fresh projects, especially for southern belt's uplift, comprehensive development cooperation and financing in the Chinese currency may feature bilateral talks during Prime Minister Sheikh Hasina's upcoming China tour. The high-profile visit, likely in July, is being seen crucial

Ministry mediation sought for dollar to avoid default

Ministry mediation sought for dollar to avoid default

A Bangladesh-China joint venture that implemented the 1,320-megwatt thermal power-plant project in Patuakhali continues entreaty for finance ministry's intervention to get US dollars for timely loan repayment to a Chinese bank. Sources say a severe dollar dearth in Bangladesh has caused serious di

IMF suggests plugging safety-net leakages

IMF suggests plugging safety-net leakages

An International Monetary Fund (IMF) appraisal team suggests prompt measures for plugging fund leakages under social-safety net, enacting the pending banking-sector laws and lessening loads of non-performing loans (NPLs) within the set timeline. The team, which continues reviewing the progress Ban

Global

OP-ED

More