The Bangladesh Bank (BB) has relaxed its regulations on external borrowing for fully foreign-owned industrial enterprises in a bid to attract fresh foreign direct investment (FDI) in Bangladesh. Under the revised rules, fully foreign-owned industrial enterprises will be allowed to borrow from thei
Strong corporate governance has enabled BRAC Bank to build public trust, strengthen financial resilience and establish itself as one of the safest banks in Bangladesh, said Tareq Refat Ullah Khan, Managing Director (MD) and Chief Executive Officer (CEO) of the bank, in an exclusive interview with T
The latest chaos at Islami Bank Bangladesh PLC over the control of its operational board hit the Shariah-based bank hard, with it losing its supremacy in remittance netting to state-owned Bangladesh Krishi Bank (BKB). The weeks-long recent agitation by a group of people, who claimed to be customer
Bangladesh's gross foreign-exchange reserves crossed US$36-billion mark Wednesday with an aid dollop of nearly $320 million from Japan International Cooperation Agency (JICA). The country's gross forex reserves rose to $36.10 billion on the day from $35.80 billion of the previous day with disburse
Bangladesh's gross foreign exchange (forex) reserves climbed to US$35.63 billion on Sunday after the country received more than $1.0 billion in budget support from the Asian Development Bank (ADB). The country's gross foreign exchange reserves rose to $35.63 billion on Sunday from $34.73 billion o
The central bank has cautioned that inward remittance flows could come under pressure as geopolitical tensions in the Middle East disrupt labour migration and weaken economic activity in major host countries. "Despite high remittance inflows supported by a large stock of existing migrant workers,
The central bank has warned that Bangladesh may face mounting external-sector pressures by the end of fiscal year (FY) 2025-26 amid global trade tensions, geopolitical uncertainties and potential tariff shocks. "…global trade tensions, geopolitical uncertainties, and potential tariff shocks
Next monetary policy of Bangladesh is going to be a bit bounteous with greater credit flows into productive sectors for much-needed job generation while exchange-rate regulation remains an inflation-combat tool. Such a preview is obtained by The Financial Express as the central bank gets down to p
