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09 Jan

China now largest FDI source of Bangladesh

China has become the largest FDI (foreign direct investment) source country of Bangladesh in terms of the gross flow of $940 million for fiscal year 2022. It has also ranked top in foreign investors with 104 investors at eight export-processing zones (EPZs). China has been the largest trading partner of Bangladesh for the past 12 [...]
09 Jan

Bangladesh now 35th largest economy: Visual Capitalist

Bangladesh is now the 35th largest economy in the world, according to a report titled 'The Top Heavy Global Economy', published by 'Visual Capitalist'. Bangladesh and India were the only two South Asian countries considered to be part of the 50 largest economies in this list based on International Monetary Fund (IMF) statistics, reports BSS. [...]
03 Sep

Bangladesh Bank: Dollar crisis to end soon

According to Bangladesh Bank, the ongoing dollar crisis is not expected to last long as they will take measures to let the market dictate the greenback's exchange rate. But there is a difference between banks making profits and businesses making profits. They [banks] have to maintain many responsibilities and regulations. Encouraging sustainable banking for promoting sustainable [...]
01 Aug

Central bank announces BDT 25,000 Cr refinancing scheme for CMSME

The central bank has announced the formation of a refinance scheme of  BDT 25,000 crore for the cottage, micro, small, and medium enterprises (CMSME) sector from the bank's own funds. According to a circular of the Bangladesh Bank's SME and Special Programmes Department, the three-year fund can be extended if necessary. Under the scheme, banks [...]