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Economy

NFAs grow by 4.22pc year-on-year

The number of No-Frill Accounts (NFAs) increased by 0.9 per cent compared to the previous quarter and 4.22 per cent year-on-year, according to a report. The largest proportion of these accounts is linked to Social Safety Net (SSN) programmes, comprising 37.12 per cent of the total, followed by farmer accounts, which represent 36.95 per cent.

These accounts, which feature minimal or zero balance requirements and no-fee services, provide low-cost banking access to a broader...

BB sets 27pc loan target for CMSMEs to boost employment

Bangladesh Bank (BB) has introduced a significant policy change to enhance business growth and employment in the Cottage, Micro, Small, and Medium Enterprises (CMSME) sector. Under the new policy, the central bank has mandated that 27 per cent of loans be allocated to the CMSME sector for the next five years.

This initiative was announced during a press conference held at Bangladesh Bank’s headquarters in Motijheel on Monday.

Mustafizur Rahman, Executive Di...

CPD proposes Tk4 lakh tax-free income cap for FY2025-26

The Centre for Policy Dialogue (CPD) has suggested raising the tax-free income threshold to Tk4 lakh in the forthcoming fiscal year's budget, taking the high inflation rate into account.

CPD Executive Director Fahmida Khatun made this remark today (16 March) during an event hosted by the think tank to discuss budget proposals for FY2025- 2026.

Fahmida warns of debt risks post-LDC graduation

Fahmida Khatun, Executive Director of the Centre for Policy Dialogue (CPD), has warned that Bangladesh will face increased costs for foreign loans following its graduation from the Least Developed Country (LDC) category.

She made these remarks while speaking as the chief guest at a shadow parliamentary debate competition on the challenges of LDC graduation, organised by Debate for Democracy at the Bangla...

Liquidity crisis, inflation weigh on economy

Bangladesh's economic growth has recently decelerated, which is attributed to elevated interest rates, rising energy costs, and political uncertainty, according to trade body leaders and economists. They noted that high financing costs and insufficient energy supplies are impeding business growth, despite the country having a substantial workforce. Zakir Hossain Nayan, Convener of the Anti-Discrimination Business Forum at the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), remarked that the domestic business...

New probe panel to review BB 2016 cyber heist

The Cabinet Division has established a six-member committee, led by Law Adviser Asif Nazrul, to reassess the 2016 cyber theft involving Bangladesh Bank’s reserves.

A gazette notification, signed by Mohammad Khaled Rahim, Additional Secretary of the Cabinet Division, was issued on Wednesday (12 March).

The committee comprises Muhammad Fouzul Kab...

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