The call-money market's vibrancy continues to wane as trust deficit in the banking sector prompts the switch of the affluent banks' surplus funds to the state-secured standing deposit facility (SDF) despite lower gains. Because of the switch, the volume of cash deposits in the SDF continued balloo
In a move to strengthen the implementation of the Universal Pension Scheme, the National Pension Authority (NPA) signed Memorandum of Understanding (MoU) with 17 private banks on Monday. The deal aims to streamline registration, contribution collection, and API (Application Programming Interface)
None but apparel, leather crosses billion-dollar earnings Bangladesh misses out on trade opportunities for tardy export diversification as not a single sector save apparel and leather could cross billion-dollar-earning mark over the years, analysts remind at this time of marketing-
Yields on treasury bills (T-bills) dropped significantly on Sunday, as banks opted to park their excess liquidity in risk-free government instruments amid subdued private sector credit demand. The cut-off yield, commonly referred to as the interest rate, on the 91-day T-bills fell to 11.58 per cen
Bangladesh Bank (BB) has asked the banks concerned to comply with international rules and regulations in import-export transactions based on sales contracts. If the transactions are done through the documentary collection method, banks must follow the internationally recognised 'Uniform Rules for
Bangladesh relishes some relief in external finances as its overall balance-of-payments (BoP) situation improved notably in May, driven by a sharp fall in the current-account deficit. According to the latest data released by the central bank of Bangladesh, the overall BoP deficit stood at US$1.149
Mobile financial transactions in Bangladesh fell by 29.77 per cent in April 2025, despite a rising number of users and continued strong demand for digital payment services. The decline was primarily driven by two factors: a temporary data reporting gap from Nagad, one of the largest Mobile Financi
Greenfield foreign direct investment (FDI) into Bangladesh took a significant hit in 2024, with announced project values plummeting to $1.75 billion, according to the latest World Investment Report by the United Nations Conference on Trade and Development (UNCTAD). The 35-percent decline from $2.7
World Bank’s new Vice President for the South Asia Region Johannes Zutt has said the global lending agency ‘remains committed’ to helping Bangladesh to maintain a ‘sustainable and inclusive growth path and create more and better jobs’ for the two million youths enterin
The cumulative written-off loans in Bangladesh's banking sector rose to over Tk 818.63 billion until March 2025, according to the Bangladesh Bank (BB) data. State-owned commercial banks accounted for a major share of such loans, amounting to over Tk 258.39 billion. Private commercial banks follow
Hope against hope lives on for cuts in the 35-per cent additional tariffs on Bangladeshi exports to the US market as the second round of three-day negotiations between Bangladesh and the United States end today in Washington. Meanwhile, the Trump-touted 'reciprocal tariff' turmoil begins to grate
Chinese Ambassador Yao Wen has reaffirmed China's commitment to increasing trade and investment in Bangladesh, stating that support for the country's development will remain steady regardless of its political leadership. "China will continue to support Bangladesh's sustainable development and the
Although Bangladesh is the 52nd largest trading partner of the US and its trade deficit with the latter is much lower than its competitors, the Donald Trump administration has imposed a higher 35 per cent tariff on its products, analysts say. They say the tariff on Bangladesh has likely been impos
