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Nine Bangladeshi cos invest $40 million abroad
HM Murtuza | Updated at 10:49pm on January 25, 2021
Nine Bangladeshi entities have invested $40.1 million abroad after the Bangladesh Bank approved 10 companies to invest $52.79 million overseas. Besides the legally invested amount,...
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Deposit growth in Islamic banks higher in Sept-end quarter
HM Murtuza | Updated at 09:55pm on January 24, 2021
Year-on-year deposit growth in the country’s Islamic banks at the September-end quarter of 2020 was much higher than the growth rate in the country’s overall...
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Bangladesh Bank asks bank directors, top 3 execs to report by Feb
HM Murtuza | Updated at 10:49pm on January 22, 2021
The Bangladesh Bank has asked all the banks’ directors, managing directors and two other officials immediately in rank next to the MDs to submit reports...
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14 banks’ average lending rate falls below 7pc
HM Murtuza | Updated at 11:51pm on January 20, 2021
Weighted average lending rate of 14 banks dropped below 7 per cent in December 2020 due mainly to the setting of lending rate ceiling at...
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Bangladesh Bank should float funds for ICT firms on easy terms: eGeneration MD
HM Murtuza | Updated at 10:24pm on January 09, 2021
Financing from Bangladesh Bank for information and telecommunication companies through venture capital firms and banks is critical for the ICT sector to overcome funding issues...
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BTRC drafts 5G telecom service licencing guidelines
HM Murtuza | Updated at 10:36pm on January 08, 2021
The Bangladesh Telecommunication Regulatory Commission has issued the draft regulatory and licensing guidelines for the country’s cellular mobile services to facilitate the launch of 5G...
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Bangladesh Bank assessing need for loan moratorium extension
HM Murtuza | Updated at 01:18am on January 06, 2021
The Bangladesh Bank has initiated a move to scrutinise the need for extending the moratorium facility on loan repayment further by three months following requests...
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Remittance swells by 38pc in H1
HM Murtuza | Updated at 01:36am on January 04, 2021
Inflow of remittance into the country rose by 37.59 per cent or $3.54 billion in the first half of the current fiscal year 2020-2021 as...
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High MFS interoperability charge to hurt customers in Bangladesh
HM Murtuza | Updated at 09:05pm on January 02, 2021
High interoperability charges slapped on mobile financial services would create barriers in ensuring the desired benefit of the service to people, said mobile financial service...
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Foreign portfolio investment dips to Tk 33,294cr in FY20
HM Murtuza | Updated at 12:47am on January 02, 2021
Stock position of foreign investments into the country’s capital market dropped by 14.26 per cent or Tk 5,535.4 crore ($652.76 million) at the end of...