Bangladesh Bank (BB) has allowed receiving inward remittances through online payment gateway service providers (OPGSPs). The foreign exchange policy department of the central bank on Monday issued a circular approving the authorized dealers (ADs) banks to repatriate remittances through OPGSPs. The circular states that ADs are required to enter into an arrangement
Tag: Economy
SME stimulus way lower than regional peers
The government's allocation for helping small and medium enterprises (SMEs) overcome the pandemic-induced losses is far less compared to the funds set aside for the same purpose in India, Thailand, and Malaysia, says a recent study. The findings of the study titled "The Future of SMEs after the Coronavirus Crisis: Challenges
Post-pandemic economy: Plans underway to revive investment atmosphere
With the pandemic hitting hard the economy as an external shock, the government gives an immense importance to investments, both local and foreign ones, for ensuring a balanced development and improving business environment in the country. The government will take effective steps to build infrastructures and provide other policy supports to
Factories reopen as economy falters
Export-oriented industries resumed operation on Sunday, the 10th day of the ongoing stringent lockdown, amid warnings against Covid surge as workers started returning to their workplaces without maintaining health protocols. The workers in their thousands have been on their way back to their workplaces in Narayanganj, Gazipur and Mymensingh in Dhaka
Can Pakistan’s economic prioritization be realized?
South Asian leaders are slowly learning to accept the fact that the world has shifted from politics to economics and thus policies need a mind shift. The smaller non militarized South Asian states like Bangladesh, Nepal, etc are already rapidly moving towards that goal but all suffer from internal management
Remittance inflows hit record high of $24.77b in FY21
Remittance inflows hit a record high of US$24.77 billion in the just-concluded fiscal year (FY21), thanks to the expatriate Bangladeshis for sending money amid the Covid-19 pandemic. Expatriate Bangladeshis sent 36 per cent higher remittance in fiscal 2020-21 compared to the same period in the fiscal 2019-20, when it was $18.20
Bangladesh plans to upgrade rural roads
The government has planned to upgrade the country's important rural roads to double-lane ones, aiming to unlock the untapped potentials of rural Bangladesh and thus reboot its economy and ensure improved well being for its people. To achieve the goal, the government fixed a target in 2021-22 fiscal to construct3,140 km
JS passes Tk 6,03,681cr budget for FY22
The Jatiya Sangsad today passed a Taka 6,03,681 crore national budget for fiscal year (2021-2022) that aims to attain a 7.2 percent GDP growth target putting priority to the lives and livelihood of the country’s people in tandem with development amid the COVID-19 pandemic. The national budget for the next fiscal
JS passes Finance Bill-2021
The Jatiya Sangsad Tuesday passed the Finance Bill 2021 keeping the provision to whiten black money if invested in capital market, purchase of land and properties and establishment of new industries for next fiscal year. Finance Minister AHM Mustafa Kamal moved the bill in the House and it was passed by
Inflation declines to 5.26 in May
The inflation rate declined by 0.30 percent in May, 2021 as it came down to 5.26 percent from 5.56 percent in April 2021. "The general point-to-point inflation rate in May 2021 fell to 5.26 percentage point," said Planning Minister MA Mannan on Tuesday while briefing reporters after the Ecnec meeting. He said