Economy / Bangladesh


Govt cuts interest rates on savings certificates

Govt cuts interest rates on savings certificates

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

Bangladesh receives $2.70b in remittance in 29 days of June

Bangladesh receives $2.70b in remittance in 29 days of June

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.

Savings tools yields cut despite their current modest rates

Savings tools yields cut despite their current modest rates

Yield rates on state-run savings tools, ideally designed for helping pensioners, elders and widows, have been cut although their shines are already dim for low returns. The government revised downward the yield rates on savings certificates under the Department of National Savings with effect from

Banks to remain open until 6 pm today

Banks to remain open until 6 pm today

In a bid to facilitate revenue collection, all bank branches across the country will remain open until 6 pm today (Monday), according to a spokesperson of Bangladesh Bank. Transactions are usually conducted between 10 am and 4 pm, while bank offices remain open until 6 pm to complete post-transact

Govt borrows Tk 117.94bn thru T-bills in single day

Govt borrows Tk 117.94bn thru T-bills in single day

The government on Sunday borrowed Tk 117.94 billion in a single day by issuing three types of treasury bills to partly finance its budget deficit. The amount borrowed is well above the pre-auction target of Tk 80 billion, according to the auction results. "The government borrowed a substantial am

BB lends Tk 520b to 12 weak banks by printing money

BB lends Tk 520b to 12 weak banks by printing money

Bangladesh Bank (BB) has given Tk 520 billion (Tk 52,000 crore) to 12 weak banks by printing money. According to the central bank, among the private banks that took emergency loans are First Security Islami Bank, Social Islami Bank (SIBL), National Bank, EXIM Bank, Global Islami Bank, Islami Bank

Budget bereft of regenerative structural reforms

Budget bereft of regenerative structural reforms

Kick-starting structural reforms is imperative to spur economic growth, rebuild investor confidence and reverse the ongoing economic slowdown, but the new budget falls short on this account, experts and economists said. Such conclusion was drawn at a meet Thursday after doing a last-minute anatomy

Bangladesh's forex reserves exceed $30 billion

Bangladesh's forex reserves exceed $30 billion

Bangladesh's foreign exchange reserves climbed to $30.51 billion on Thursday, reflecting a renewed strength in the country's external sector. But, officials said, under the International Monetary Fund's (IMF) Balance of Payments and International Investment Position Manual (BPM6), the reserve is c

Budget falls short of structural reforms: Economists

Budget falls short of structural reforms: Economists

Economists and private sector entrepreneurs said that the budget for the next fiscal year 2025–2026 falls short of introducing the structural reforms needed to spur economic growth, rebuild investor confidence, and reverse the ongoing economic slowdown. Although the government has set a 5.5