The central bank has cautioned that inward remittance flows could come under pressure as geopolitical tensions in the Middle East disrupt labour migration and weaken economic activity in major host countries. "Despite high remittance inflows supported by a large stock of existing migrant workers,
Bangladesh Bank (BB) on Monday launched a Tk 50 billion (Tk 5,000 crore) revolving refinance fund for the Cottage, Micro, Small and Medium Enterprise (CMSME) sector to ease working capital shortages, boost production and support employment generation. The central bank introduced the fund through a
Bangladesh’s overall economic activity accelerated in May as the Purchasing Managers’ Index (PMI) rose by 8.2 points to 62.8 from the previous month, indicating a faster pace of expansion across all major sectors of the economy. The latest Bangladesh PMI report, released on Monday by t
Bangladesh on Monday sought Spain’s support at the United Nations General Assembly (UNGA) for its smooth graduation from the Least Developed Country (LDC) category. The appeal was made when Spanish Ambassador to Bangladesh Gabriel María Sistiaga Ochoa de Chinchetru called on State Min
Formal credit growth in the private sector remains almost static, reaching 4.75 per cent in April, signalling a deep slowdown in the country's business activities. The low trend in credit demand from private enterprises is attributed to banks becoming more cautious amid rising non-performing loans
