Just ten banks, both state-owned and private, account for 71 percent of all non-performing loans (NPLs) in the country’s banking sector.
Google Pay is set to be launched in Bangladesh by the middle of next week, ushering in a new era of seamless digital transactions for consumers.
The Insurance Development and Regulatory Authority (Idra) has appointed audit firms to carry out special audits of 15 life insurance companies for the 2022-2024 period to uncover possible irregularities as claim settlements continued to mount.
The interim government is formulating a distressed asset management ordinance that could pave the way for a state-owned corporation to buy and trade troubled assets from banks and non-bank financial institutions (NBFIs).
Bangladesh will propose to provide duty facilities to the US under a multilateral trading mechanism to retain low tariffs, as the 90-day pause of Trump’s reciprocal tariffs will come to an end on July 8.
Mohammad Manjur, along with 22 other fishermen, ventured out into the Bay of Bengal in the early hours of June 12, just after a 58-day fishing ban was lifted.
Among many other things, the current interim government is pro-reform in many sectors. Unfortunately, there is almost no reflection of this in the recently presented budget.
The government will not immediately increase fuel prices, even if oil prices rise in the international market due to the Israel-Iran conflict, said Finance Adviser Salehuddin Ahmed yesterday.
The Bangladesh Securities and Exchange Commission (BSEC) has decided to focus on facilitating initial public offerings (IPOs) of well-performing local, multinational, and state-run companies in order to boost investors’ confidence.
In spite of a government directive given in December 2023 for increasing minimum wages in the readymade garment (RMG) sector, nearly one third of factories have failed to implement a revised pay scale, according to a new study.
The Bangladesh Securities and Exchange Commission (BSEC) has suspended 21 of its officials for misconduct and breaches of discipline during a protest in March against the commission’s senior leadership.
The hike in US tariffs is likely to put pressure on the banking sector, said business leaders and bankers in a dialogue yesterday.
Bangladesh’s foreign exchange reserves have reached the $22 billion mark after several months, thanks to an increased inflow of foreign currency generated by remittances and export earnings.
The government will try to address the concerns of businesses, says finance adviser
Private commercial lenders BRAC Bank and City Bank registered significant profit growth last year..BRAC Bank’s consolidated profit surged 73 percent year-on-year to nearly Tk 1,432 crore, while that of City Bank rose by 59 percent to around Tk 1,014 crore..BRAC Bank reported consolid
The Bangladesh Poultry Industries Central Council (BPICC), in collaboration with the US Soybean Export Council (USSEC), has launched the first-ever “Soy Month” to raise public awareness of soybean’s nutritional, agricultural, and economic significance..The initiative was inaugurated at the
"We will engage, not anger them,” Ahmed said while addressing a group of business leaders
The protest stemmed from growing frustration among revenue officials over a clause in the proposed “State Policy and Revenue Management Ordinance, 2025”.
