Export Promotion Bureau (EPB) has identified six major reasons including multiple entries of same data, discount on sales volume and receipt of less than Initial LC Value behind incongruity in the country's export earnings data. Local sales from export-oriented companies, apparels' CMT export (cut
The Financial Institutions Division (FID) of the Ministry of Finance has issued instructions for appointing MDs in four state-owned specialised banks. On Monday (October 21), the state-owned commercial bank section-1 of the FID issued instructions in this regard. Sonali Bank Deputy Managing Direc
Expatriate Bangladeshis sent around US1.53 billion in remittances during the first 19 days of October in the fiscal 2024-25 (FY25). On average, daily remittances stood at $80.70 million, according to Bangladesh Bank (BB) data published on Monday. In the first 19 days of October, Bangladesh receiv
The Bangladesh Bank has announced the reissuance auction of a 15-year Bangladesh government Treasury Bond, scheduled for Tuesday. A media release issued by the Department of Communication and Publications (DCP), the reissuance auction will offer Tk 20.0 billion in nominal value of the 15-year Trea
The central bank is likely to squeeze existing repo facility with allowing cash support against repo once a week from next month in a move to prompt banks manage funds more efficiently. According to officials concerned, the move will not only force commercial lenders to seriously focus on efficien
Six weak banks have received Tk 16.40 billion in loans to resolve their liquidity crisis by three relatively stronger banks. Sonali Bank, Mutual Trust Bank, and Dutch Bangla Bank provided the support to First Security Islami Bank, Social Islami, Union Bank, Global Islami Bank, National Bank and Ex
The trend in credit-card transactions in all categories in Bangladesh showed a noticeable decline in August 2024, as economic activity across the country was in a downward trajectory. The Bangladesh Bank (BB) data revealed that domestic transactions within Bangladesh witnessed a slight decrease of
Bangladesh Bank governor Dr Ahsan H Mansur on Thursday emphasised the need for more major players in the mobile financial service (MFS) sector to increase users and serve the unbanked population. Addressing an event at a city hotel, he highlights that only one major player, bKash, is currently dom
In view of Bangladesh's foreign reserve crisis, the Centre for Policy Dialogue (CPD) on Thursday urged the central bank to establish a dedicated local currency conversion channel for renewable energy investors, ensuring timely conversion of returns from BDT to USD. The private think tank also call
Bangladesh's trade deficit narrowed about 10 per cent to 2.75 billion US dollars in the first two months of the current 2024-25 fiscal year starting from July 2024 and ending in June 2025, official statistics showed recently. According to statistics of the central bank of Bangladesh, the country e
Even a moratorium on injection of high-powered money by the central bank fails to resuscitate the call-money market as the affluent banks' trust deficit prompts switch of their surplus credits into state-secured SDF or standing deposit facility despite lower gains. Because of the latest switch of
Bangladesh's post-COVID recovery continues to be impacted by high inflation, balance of payments deficit, financial sector vulnerabilities and increasingly limited job opportunities for its youths, especially women and educated youths, says the World Bank. The multinational lender that provides fi
Deep deflation in China offers Bangladesh prospect of economic reflation with cheaper imports, particularly of capital goods. Bangladesh being heavily dependent on imports from the world's second-largest economy, lower import costs are believed to provide it some relief on the overall economic fro
