Banks should manage liquidity with caution

Senior bankers and experts suggest that banks in Bangladesh are cautious in liquidity management early in 2018 as the majority of them face a shortage of available cash at the end of the year. 39; year. An increase in credit growth to the private sector, large import payments, and declining depositor confidence in the banking […]

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Transform Bangladesh through ‘knowledge remittance’: NRB conclave

Non-resident Bangladeshi (NRB) can make a crucial contribution to the country's development through "knowledge transfer," according to experts. They spoke at a conclave titled "Transforming Bangladesh Through Knowledge Transfer" which was held at Le Méridien Dhaka. The Bangladesh Brand Forum (BBF) organized the event with the aim of exploring models and approaches to engage the […]

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Dollar heads into 2018 on a weaker note

The dollar came under new pressure on Friday as traders cash in recent gains fueled by Donald Trump's tax cuts, while most Asian stocks were about to end a good year on a positive note. The largest Asian markets have seen huge gains over the past year – Hong Kong has grown by more than […]

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US moves to reverse regulations for offshore oil drilling

The US government on Friday issued a new offshore oil drilling regulation that would reverse the protections put in place following the 2010 Deepwater Horizon environmental disaster. The proposed rules relax safety equipment and pollution prevention requirements for offshore platforms to further promote drilling, according to a statement from the Office of Safety and Security. […]

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India’s Reliance Jio to buy all wireless assets of Rcom

Anil Ambani's Reliance Communications Ltd signed an agreement to sell its wireless assets to Reliance Jio Infocomm Ltd, the senior brother's telecom arm and billionaire's oil conglomerate Mukesh Ambani Reliance Industries Ltd., both companies said in statements separated on Thursday. The sale includes all of Reliance Communications' telecommunications, tower, fiber optic and other telecommunications infrastructure […]

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BB warns against cryptocurrencies | The Daily Star

Bangladesh Bank has issued a warning against the settlement of online transactions in virtual currencies like Bitcoin. There is no legal framework for cryptocurrencies such as Bitcoin, Ethereum, Ripple and Litecoin in any country, including Bangladesh, so all parties involved must avoid online currency transactions, the central bank in the notice on his site. ] […]

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Fish farming bogged down by losses

Inland fish producers suffer heavy losses as the price of fish on the market remains stagnant in the midst of spiraling production costs. Let's take the example of Noor Khan, owner of a fishery from Trishal upazila, in Mymensingh, which accounts for losses of 15 tk per kilogram of Pangasius fish. Its production cost is […]

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Lion’s share of SME loans goes to traders

Up to 63% of SME loans disbursed in the first nine months of the year went to the commercial sector, thus neglecting the manufacturing area. In the first nine months of the year, 77,718 crore loans to SMEs were disbursed in the commerce sector, up 20.28% year on year. "This is not a good indication […]

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Venezuela sets caps on gasoline purchases

Venezuela has set limits on gasoline sales in the west of the country to reduce smuggling that it attributes to the shortage of supplies in recent days. Passenger cars were limited to a maximum of 30 liters and trucks to 35, says a statement from the Ministry of Oil, without specifying a deadline for the […]

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Banks’ mad rush to secure deposit

Even last month, the interest rate on the bank deposit was as low as 5%. Then, at the beginning of this month, as if that were the case, the rate, which was lower than the 6% inflation rate, began to climb. The trigger for this sudden increase was the freezing of Tk 51 crore from […]

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