Banks
BD-Turkey can be trade gateways between Europe, South & SE Asia
Turkish business leaders discussed bilateral trade potential with FBCCI president
LafargeHolcim’s profit drops for first time since 2022's Q1
The cement maker’s turnover fell 3%, profit 15% in Jan-Mar
Reserves fall below $19 billion, first time in 11 months
$1.63 billion of ACU payment was settled today
Withdrawals put BASIC Bank in liquidity crisis
BASIC Bank is experiencing a deep liquidity crunch as depositors have been withdrawing money for weeks following news that the state-run lender is going to be acquired by a private commercial bank.
Will BB steps build up reserves? Not so soon
Bangladesh Bank’s steps to boost the country’s foreign currency reserves will not yield any positive results overnight.
More banking reforms, subsidy cuts prescribed
The International Monetary Fund (IMF) emphasised more reforms in the banking sector and tax collections and reducing subsidies to help the economy turn around.
Three difficult choices to heal economy
Bangladesh yesterday made three major decisions to cushion the economy against critical risks such as stubborn inflation and depletion of foreign currency reserves.
POLICY RATE HIKE, FLEXIBLE EXCHANGE RATE / Exporters to win, consumers to bear the brunt
The exporters have already welcomed the central bank's move to devaluate the local currency, which they have long been waiting for.
‘Policy rate hike, flexible exchange rate will be helpful for economy’
PRI Executive Director Ahsan H Mansur says
Prioritise sustainable revenue generation, IMF tells Dhaka
IMF mission concluded its 15-day visit to Bangladesh today
Tk 34,000 crore investment proposals came in Jan-Mar: Bida
302 industries will make the investments
Crawling peg system: A welcome step but will it be enough to boost reserves?
The crawling peg system for the taka is a delayed and, perhaps, inadequate response to the bleeding of forex reserves. Some economists suggest the central bank should go beyond this formula and open the exchange rate to market forces to stop the continuous erosion of reserves. Either way, exporters and remitters will celebrate more flexibility in the exchange rate.
BB dissolves NBL board again
Bangladesh Bank has dissolved the board of directors of National Bank Ltd, just five months after restructuring it.
Bangladesh Bank again dissolves National Bank board
The bank’s sponsor director Khalilur Rahman made the new chairman
HC scraps its order to probe loan scams in three banks
The High Court yesterday scrapped its suomoto (voluntary) rule that directed the authorities concerned to probe the alleged loan scams in Islami Bank, Social Islami Bank and First Security Islami Bank.
Tax revenue’s 43% spent on govt salaries
Public employees’ pay rises 406% in 12 years, a PRI study finds
Shams Zaman, PwC Bangladesh’s new country managing partner
He has over 28 years of professional experience
Renata’s Q3 profit grows 21%
The drugmaker’s nine months’ profit exceeds FY22’s full year figure
