The country's Islamic banking sector saw a robust year-on-year growth in investments despite a slowdown in deposit growth between April 2024 and April 2025. While total investments in the sector jumped 11.87 per cent, deposits grew at a modest 3.91 per cent, according to the Bangladesh Bank (BB) d
Expatriate Bangladeshis sent around US$1.26 billion (Tk 126.44 crores) remittances during the first sixteen days of August in the fiscal 2025-26, according to the latest data of Bangladesh Bank (BB) issued on Monday. This amount reflects a daily average remittance of $79.02 million sent by expatri
The Executive Committee of the National Economic Council (ECNEC) on Sunday approved 11 development projects involving a total cost of Tk 78.55 billion. The projects include five new initiatives, three revised projects and tenure extension of three ongoing projects without additional costs. Planni
Bangladesh is stepping up its bid to be a sectoral dialogue partner of the Association of Southeast Asian Nations (ASEAN), with Chief Adviser Prof Dr Muhammad Yunus emphasising the country’s economic and strategic advantages as key to deepening ties with the bloc. Prof Yunus highlighted that
The Executive Committee of the National Economic Council (Ecnec) on Sunday approved 10 projects with an estimated cost of Tk 6,506.50 crore. Of the total amount, Tk 3,821.58 crore will come from government funding, Tk 2,428.04 crore as project loans and Tk 2,56.89 crore from the implementing agenc
Although the Bangladesh-US trade talks dominated newspaper headlines in recent months, remittance inflows from the world's largest economy surged quietly in the background, posting an impressive growth of nearly 60 per cent in FY25, according to the Bangladesh Bank data. Official figures show remi
Consumption tax-collection growth declined to 4.47 per cent last fiscal year, impacting national revenue, mainly as sluggish business environment hit large businesses hard, sources said. A senior revenue official also cited graft in VAT collection as another reason, suggesting procedural changes t
Bangladesh Bank (BB) purchased a further US$176.50 million from commercial banks on Thursday, as part of its ongoing drive to stabilise the foreign-exchange market. This makes total dollar purchases since 13 July to US$798.50 million under the prevailing free-floating exchange-rate regime. Accord
Inflow of remittances witnessed a remarkable year-on-year growth of 28.6 per cent, reaching US$1,144 million in the first 13 days of August, according to the latest data of Bangladesh Bank (BB) issued today (Thursday). Last year, in the same period, the country's remittance inflow was $889 mil
Bangladesh Bank's initiative to merge 5 crisis-prone Shariah-based banks has got momentum, and within a week, this is likely to be implemented, governor Dr. Ahsan H. Mansur told a group of journalists on Monday after a meeting with the officials of different banks. Economists termed this an import
A significant reshuffle has occurred at the top tier of Bangladesh's tax administration under the National Board of Revenue (NBR). Offices of 19 tax commissioners across various tax zones and tax appellate regions have been changed. Several officials have been assigned to head key tax zones, while
Bangladeshi manmade fibre (MMF)-based garment exports to the US, which remained almost static during the last two years, will get a boost amid the duty tension among the major producing countries, provided local challenges are addressed, industry insiders said. They said now is the right time to i
Inflow of remittances witnessed a remarkable year-on-year growth of 46.2 per cent (pc), reaching US$1,054 million in the first 12 days of August, according to the latest data of Bangladesh Bank (BB) issued on Wednesday. During the same period last year, the country's remittance inflow was US$721 m
