Bangladesh, for the first time, is set to cross US$3.0 billion in remittance earnings in March, as $2.945 billion has already been fetched as of March 26. According to Bangladesh Bank sources, which compile figures from all banks, on the last banking day on Thursday (March 27), remittances will cr
Bangladesh Bank has delivered positive news regarding the country’s foreign exchange reserves, as it surpassed $25 billion before the end of March, following a record inflow of remittances this month. According to data released by the central bank on Thursday, the country’s gross reser
The inter-bank call money rate remained almost stable on Thursday, the last working day before the Eid-ul-Fitr festival, as banks managed their funds efficiently with the help of the central bank. The weighted average rate (WAR) of call money rose to 10.01 per cent on the day from 9.85 per cent of
Bangladesh has set a new record in remittance earnings, reaching an all-time high of $2.749 billion in just 24 days of March, with two more banking days remaining. According to Bangladesh Bank data, which compiles figures from all banks, this is the highest-ever monthly remittance inflow through l
Bangladesh spent US$2.636 billion in debt servicing against principal and interest during July-February of this fiscal year at a rising rate that outpaces receipt, according to officials, affecting execution of aided projects. The foreign-aid inflow dropped as both commitment and disbursement ebbe
Finance Adviser Dr Salehuddin Ahmed said on Tuesday that he wanted digitalisation of the tax payment system to stop corruption in revenue collection. "We will digitalise the system so that taxpayers do not need to meet the tax collectors. They make underhand dealings whenever they meet face to fac
The sluggish execution of development projects has stalled the disbursement of foreign loans in Bangladesh. By the end of February, as in previous months, the government paid more in interest and principal than it had borrowed. Between July and February of the 2024-25 fiscal year, foreign funding
Though low-income people are grappling with high inflation and rising cost of living, government subsidy allocations to their bank accounts dropped substantially in January compared to December last year. The subsidies to the no-frills bank accounts -- typically maintained by marginalised people w
The National Board of Revenue (NBR) has detected two-thirds of e-return filers having claimed zero taxable income in fiscal year ’24, suspecting concealment of actual income by many. Out of 1.5 million online tax returns, the filers of some 1.0 million have claimed they have no taxable incom
Budget will be realistic and welfare-oriented, Finance Adviser Dr Salehuddin Ahmed said Monday in an indication of continuity of the interim government's tight-fisted monetary stance. "We told them that we will try our best to implement the budget," he told newsmen after a pre-budget meeting with
The government has released Tk 12.50 billion to pay remittance and export incentives, according to sources. Cash incentives of some Tk 10 billion and Tk 2.5 billion were released for remittance beneficiaries and local exporters, respectively, through separate orders issued by the Finance Division
Yields on treasury bills (T-bills) increased further on Sunday, as banks expressed their unwillingness to invest excess liquidity in the securities ahead of the upcoming Eid festival. The cut-off yield, generally known as interest rate, on the 91-day T-bills rose to 10.90 per cent from 10.75 per c
The yields on Treasury bills (T-bills) increased further on Sunday as banks expressed unwillingness to invest their excess liquidity in the securities before the upcoming Eid festival. The cut-off yield, generally known as the interest rate, on the 91-day T-bills, rose to 10.90 per cent from 10.75
