WB offers budget support credit for smooth transition
Bangladesh expects US$300-500 million in fresh budget support from the World Bank as the WB has offered the credit to assist with its smooth graduation from the least-developed country (LDC) status in November next year, officials say.A delegation of the World Bank made the overtures at a recent meeting with...
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Animation industry holds $3.0 billion export earnings potential
Bangladesh's animation industry, still a niche player on the global stage, holds the potential to fetch as much as US$3.0 billion in annual export if given the right policy support, industry-insiders claim.For more than a decade, Bangladeshi animators have quietly been producing high-quality works for global entertainment giants. Yet, despite...
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Remittance inflow close to $2.5b till Sep 28
The inflow of remittances witnessed a significant year-on-year growth of 16.7 per cent through the first 28 days of September, reports UNB.According to the latest data, issued by the Bangladesh Bank (BB) Monday, the total inflow of remittances reached US$2,465 million during this period.This represents a notable increase compared to...
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Govt's nonbank borrowing bloats as G-Sec becomes hotcakes
Government's domestic borrowing from nonbanking sources bloats as institutional and individual depositors pour their money into secure government securities (G-Sec) failing to find better alternative investment choices as yet, sources say.Normally, major portion of government's domestic debts to meet budgetary shortfall comes from the banking sector while the remaining smaller...
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Partial exporters can import raw materials duty-free against bank guarantee
The National Board of Revenue (NBR) has allowed partial export-oriented industrial enterprises to import raw materials duty-free against bank guarantee under a move to help expand the country's export trade.To this effect, the revenue authorities issued a notification on Monday.Enterprises that cannot obtain bonded -- warehouse licences, despite fulfilling the...
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Prayer Timings (2025-09-30)
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