Rising interest rates and an alarming surge in non-performing loans (NPLs) have pushed Bangladesh's banking sector to a critical tipping point, speakers warned at a seminar on Saturday. The event drew a sharp focus on the dual pressures of financial instability and limited credit access, particula
Bangladesh should focus on strategic planning, quality production, and effective marketing to tap the potential for grabbing the huge global market of Halal-certified products, which is estimated at $3.3 trillion. All stakeholders to the production and marketing of such products should work in coo
The Chattogram Customs House (CCH), the largest revenue-collection centre in Bangladesh, collected a total of Tk 754.32 billion in revenue in the last fiscal year (2024-25). The CCH had collected a total of Tk688.66 billion revenue in the previous fiscal (2023-24). The collection of revenue of CC
Bangladesh is breaking new ground in market diversification with robust trade growth elsewhere while the United States stays as its single-largest export destination with a 14.38-percent annualised growth in the just-past fiscal year. Non-traditional markets like the Netherlands, Sweden and Mexico
The yields on Treasury bills (T-bills) declined on Thursday as banks showed a willingness to invest their excess liquidity in the risk-free instruments. The cut off yield, generally known as interest rate, on the 91-Day T-bills came down to 11.97 per cent on the day from 12.09 per cent earlier whi
To facilitate foreign investment in the country, the Bangladesh Bank has allowed offshore banking units (OBUs) to use foreign-currency deposits (FCDs) by non-resident accountholders as collateral against lending. Under a relaxed regulation, foreign companies are eligible to avail local currency, B
Leaders from Bangladesh's leading ready-made garment (RMG) and textile industry associations have urged the government to exempt industrial and captive gas-run facilities from seeking re-approval from Titas Gas Transmission and Distribution Company Ltd during internal rearrangements-provided their
In an early indication of economic rebound following months of sluggishness, Bangladesh's overall imports increased around 7.0 per cent in the just-passed fiscal year. According to the latest data from Bangladesh Bank (BB), the opening of fresh LCs or letter of credits, generally known as import o
Bangladesh Bank has revised its foreign exchange policy to ease local borrowing for foreign-owned or foreign-controlled companies operating in the country. In a circular issued by the Foreign Exchange Policy Department on Wednesday, the central bank announced an increase in the allowable debt-equi
Bangladesh netted $2.82 billion in remittance in just-concluded June, which is the third-highest monthly count in the country's history, according to the Bangladesh Bank (BB) data. It recorded an 11 per cent monthly growth as remitters sent $2.54 billion in June last year, the data showed. The co
FE Online Report More than 1.7 million taxpayers submitted their income tax returns online in the fiscal year 2024-25, marking a significant rise in digital adoption for tax compliance, according to the National Board of Revenue (NBR). In a press release issued on Monday, the NBR said a total of
The government has lowered the interest rates on all types of National Savings Certificates for the second half of 2025. The interest rate ceiling for certificates has been set at 12 per cent, while the floor is 9.74 per cent. Previously, the lowest interest rate for certificates was 10.13 per ce
Expatriate Bangladeshis sent over $2.70 billion in remittances during the 29 days of June in the 2024-25 fiscal year. This marks a 14.10 per cent increase compared to the same period last year, when remittances totalled $2.37 billion, said Arif Hossain Khan, executive director of Bangladesh Bank.
