Tag: Economic News

Remittances worth $2.68 billion arrived in September

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Desk Report: There has been an upward trend in the foreign income or remittances sent by expatriate Bangladeshis. In the just-ended September, 2.68 billion (268 crore 58 lakh) US dollars came to the country, which is about 32 thousand 757 crore taka in Bangladeshi currency (122 taka per dollar). This information has been revealed from the updated report of Bangladesh Bank. According to the report, in September, 46 crore 68 lakh 10 thousand dollars came through state-owned banks, 25 crore 82 lakh 10 thousand dollars came through specialized banks (Agricultural…

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Approval of bonds worth Tk 2,300 crore from three banks

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Desk Report: The capital market regulator Bangladesh Securities and Exchange Commission (BSEC) has approved bonds worth Tk 2,300 crore of three banks. Of these, Tk 1,000 crore is from BRAC Bank, Tk 800 crore is from United Commercial Bank PLC or UCB and Tk 500 crore is from Trust Bank PLC. The bonds will have to be listed on the Alternative Trading Board (ATB). The approval was given at the 975th commission meeting held today (September 30) under the chairmanship of BSEC Chairman Khandaker Rashed Maqsood. BSEC Assistant Director (Public…

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Remittances exceed $2 billion in 21 days

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Desk Report: Remittances or expatriate income has maintained a positive trend in September as well. About 2.03 billion dollars in remittances were received in the first 21 days of the month. If this trend continues, remittances could cross the 3 billion dollar mark by the end of the month. This information was revealed by Bangladesh Bank sources on Monday. Bangladesh Bank Executive Director and Spokesperson Arif Hossain Khan said that remittances of 2031 million or 2.03 billion dollars were received in the 21st of September; the amount in Bangladeshi currency…

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ECNEC approves 13 projects worth Tk 8,333 crore

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Desk Report: The Executive Committee of the National Economic Council (ECNEC) has approved 13 projects costing Tk 8,333.28 crore. Of this, government financing is Tk 4,437.82 crore, project loan is Tk 1,225.36 crore and the organization’s own financing is Tk 2,670.9 crore. Of these, seven are new projects, five are revised projects and one is a project with an extension of the period without increasing the cost. The approval was given at the ECNEC meeting held at the NEC conference room on the Planning Commission premises on Wednesday under the…

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NBR seizes Sheikh Hasina’s locker at Pubali Bank

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Desk Reports: NBR seizes Sheikh Hasina’s locker at Pubali Bank The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) has found a bank locker in the name of former Prime Minister Sheikh Hasina at the Motijheel Corporate Branch of Pubali Bank. The locker was seized on Wednesday morning. CIC Director General Ahsan Habib confirmed this information. NBR seizes Sheikh Hasina’s locker at Pubali Bank Ahsan Habib said, a locker in the name of former Prime Minister Sheikh Hasina was found in the branch of Pubali Bank located…

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National Bank’s Dhanmondi Extension Branch at new address

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Desk Reports :  National Bank’s Dhanmondi Extension Branch was inaugurated at a new address. Adil Chowdhury, Managing Director of National Bank, was present as the chief guest at the inauguration ceremony organized by Dhanmondi Extension Branch on August 24. National Bank’s Deputy Managing Directors (In-Charge) Kazi Kamal Uddin Ahmed and Md. Meshkat-ul-Anwar Khan, Biswas Builders Limited Executive Director SM Shamim Hasan, M/s Islam Traders Proprietor and Importer Md. Shafiqul Islam, National Bank’s Dhaka South Regional Manager and EVP Ashish Kumar Laskar, Dhanmondi Extension Branch Manager and AVP Mohammad Nabir Hossain…

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