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New monetary policy for 15.5pc private credit growth

Bangladesh Bank has announced the monetary policy for the first half of 2015 with the “cautiously restrained” monetary policy stance of the latter half of 2014. Bangladesh BankPrivate sector credit will have space for 15.5 percent growth, a substancially higher level than that of the 12.7 percent November 2014 level, BB governor Atiur Rahman said while unveiling the new monetary policy today at a press conference in Dhaka. “There are no new loosening or tightening in the new monetary policy. The cautiously restrained policy wi...

Billion-dollar project for 3 economic zones

A new study has identified Sherpur in Maulvibazar and Mirershorai and Anwara in Chittagong as potential locations for economic zones to be built at an estimated cost of $1.17 billion by investors. The study, commissioned by Bangladesh Economic Zones Authority, advised the government to roll out the Sherpur Economic Zone first as required infrastructure—power, water and gas—is in place, reports the Daily Star. “So, it has the potential to attract investors,” Shoichi Kobayashi, team leader of the economic zones project, said at the unveiling of the final draft of the study. [caption id="attachment_4395" align="alignleft" width="300"]EPZ

BB to provide loans with low interest for creative publishers

Bangladesh Bank (BB) said on Tuesday that from now on scheduled banks and non-bank financial institutions would be able to disburse loans from a Tk 600-crore BB fund to the micro and small enterprises dedicated to publishing knowledge-based and creative books and their marketing. The BB issued a circular to managing directors and chief executive officers of all banks and NBFIs saying that the publishers would be able to receive loans with an interest rate of 10 per cent from the banks and the NBFIs under the BB refinance fund. bbThe banks and the N...