Depositors in the five Islamic banks merged into the newly formed Sammilito Islami Bank will receive profits at market rates of up to 9.5 per cent, says the regulator. But depositors in nine non-bank financial institutions (NBFIs) up for liquidation would receive only their principal amounts
Bangladesh is facing a fiscal squeeze as foreign aid receipts declined during the first half (H1) of the current fiscal year, while the burden of repaying international debts reached new heights. The country now faces a new challenge marked by a significant drop in new funding commitments and esca
The announcement of the Monetary Policy Statement (MPS) for the second half of the current fiscal year (FY26), scheduled for today, has been postponed. The reason for postponement, according to BB officials concerned, is that some central bank board members have sought to know the reasons behind t
Planning Adviser Prof Wahiduddin Mahmud has said it is time to make a review of the tight monetary policy stance, for the same has not worked as desired. "There is no longer much need to control inflation by reducing credit flow through monetary policy by simply increasing interest rates. In
Bangladesh’s foreign debt repayment crossed the $2 billion mark in the first six months of the current fiscal year (FY), as the government continues to face mounting pressure from rising external liabilities. According to the latest updated report published by the Economic Relations Division
