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Economy

BD requires no budget support for next FY: WB

The World Bank (WB) thinks that Bangladesh will not require any budget support for upcoming fiscal year 2015-16. It is, therefore, uncertain whether the government will receive the Bank’s support in Budgetthe next fiscal year’s budget. But the final decision regarding the matter will come at the spring meeting of the World Bank and International Monetary Fund in Washington DC in April. “We had a long meeting with the World Bank officials and discussed about the budget support for the next fiscal year. But at the end of the meeting they (WB ...

Key economic indicators – March 28

DAILY INDICATORS Wednesday Previous Taka/US $ (inter-bank) 77.80-77.80 77.80-77.80 Call money rate (inter-bank) 07.50-08.00 07.50-8.00 Dhaka Stock Exchange index 4,509.30 4,493.40 indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 6.04 6.11 M2 supply (bln taka) (BB) Jan. 7,385.26 7,412.48 Forex reserves ($bln)(BB) Feb. 23.03 22.04 Exports(FOB) ($mln)(BB) Feb. 2,512.42 2,844.13 Imports(FOB) ($mln)(BB) Jan. 3,617.60 3,319.00 --------------------------------------------------------------- ANNU...

Loan to women entrepreneurs mandatory

All commercial banks and non-banking financial institutions (NBFIs) will have to provide minimum Tk 50,000 as loan to at least a woman entrepreneur each year to expedite the ongoing financial inclusion programmes in Bangladesh. “We’ll able to create nearly 10,000 women entrepreneurs every year if the initiative continues,” Bangladesh Bank Governor Dr Rahman said while announcing the unique scheme yesterday afternoon. [caption id="attachment_14355" align="alignleft" width="300"]Bangladesh-bank Bangladesh Bank Governor Dr Atiur Rahman ha...

Key economic indicators – March 26

March 26 DAILY INDICATORS Wednesday Previous Taka/US $ (inter-bank) 77.80-77.80 77.80-77.80 Call money rate (inter-bank) 07.50-08.00 07.50-8.00 Dhaka Stock Exchange index 4,509.30 4,493.40 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 6.04 6.11 M2 supply (bln taka) (BB) Jan. 7,385.26 7,412.48 Forex reserves ($bln)(BB) Feb. 23.03 22.04 Exports(FOB) ($mln)(BB) Feb. 2,512.42 2,844.13 Imports(FOB) ($mln)(BB) Jan. 3,617.60 3...

No hartal: Cox’s Bazar hotel occupancy jumps to 50pc

A good number of people are rushing to beach city Cox’s Bazar and hill station Rangamati to re-energize their minds and souls that had got bored because of a long blockade and hartal programme. The city people want to inhale fresh air, walk freely and without any fear along the beach line or uneven roads of Rangamati during this brief holiday, thanks to a break in general strike programme, being sponsored by BNP-led alliance. cox'a bazarWith Thursday as an Independence Day holiday, holiday-makers got another two-day weekend this time, without an...

Social Impact Bonds for factories in Bangladesh

The two main initiatives established in response to the 2013 Rana Plaza disaster in Bangladesh, where nearly 1,200 garment workers lost their lives from a factory collapse, are wrestling with a critical question: Who should pay for the work needed to ensure basic factory safety standards in Bangladesh? ranaplazaIt turns out that the global economy has enough financial assets, yet funds don’t always flow in the areas where they are needed. The global debt market is around $78 trillion and growing. Every week, an average of $100 billion in inv...
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