Days after BASIC Bank board's decision not to merge with a private-sector counterpart, the National Bank PLC now opts to follow suit, sources say, in apparent renunciation of the hasty regulatory move. The board of directors of the National Bank PLC in a meeting Saturday decided to retract
Bangladesh economy is now in a 'yellow zone' due to inflationary pressure, depleting forex reserve which needs at least next two years to become 'green'.Continuation of contractionary monetary and fiscal policy is required to improve the status.It also needs to merge the government's ministries to
Taxmen sought a hefty allocation for vehicles as logistics support for compliance enforcement to achieve direct- tax -collection target in next fiscal as the IMF forwarded a revenue-raising recipe. Taxmen presented an estimate of Tk 7.0 billion worth of allocation on account of vehicles to drive t
The central bank has asked commercial banks to increase the volume of US dollars held in resident foreign currency deposit accounts by properly following the recently enacted Offshore Banking Unit Act. Bangladesh Bank Governor Abdur Rouf Talukder verbally issued the directive during a meeting wi
Bangladesh economy is now in a ‘yellow zone’ due to inflationary pressure, depleting forex reserve which needs at least next two years to become ‘green’. Continuation of contractionary monetary and fiscal policy is required to improve the status. It also needs to merge the
