Half of remittances came thru Islamic banking in Dec
Nearly half of the total remittances in December last year came to Bangladesh through Islamic banking channels, according to the Bangladesh Bank.
3d ago
More exchange rate flexibility needed
Bangladesh’s macroeconomic performance has significantly improved since the country entered the IMF’s $4.7 billion loan programme in January last year, but the bleeding of foreign currency reserves continues, putting the taka under pressure, the global lender said yesterday.
5d ago
Exim Bank’s profit dropped 9.4% in 2023
Exim Bank's profit declined 9.4 percent year-on-year to Tk 337 crore in 2023, according to a disclosure on the Dhaka Stock Exchange (DSE) website yesterday.
1w ago
Three out of four people still unbanked in Bangladesh
Only 28.3 percent had an account with a bank or NBFI last year, it showed, increasing from 26.2 percent the year prior.
2w ago
Economics of Eid
As the darkness of night made way for the first light of day, a rhythmic hum echoed through the tranquil dawn in Jamalpur like a heartbeat.
1m ago
Celebrating Eid getting harder for the vulnerable
As middle and low-income segments of society struggle against the backdrop of a severe cost-of-living crisis, the surge in aggregate demand ahead of Eid-ul-Fitr poses a further hurdle for many striving to celebrate the festival.
1m ago
BRAC Bank logged 35% profit growth in 2023
BRAC Bank PLC registered a 35 percent increase in profit to Tk 827.50 crore last year thanks to its focus on small and medium enterprises (SME) and technology-based customer services, which added over 3.60 lakh new customers.
1m ago
One panjabi for two occasions
The rising price level in Bangladesh has left the middle and low-income segments in a severe cost of living crunch, with inflation hovering above 9 percent since March last year.
1m ago
December 14, 2023
Credit card transactions abroad surge
Credit card transactions by Bangladeshi nationals travelling or living abroad rose significantly to hit Tk 5,386 million in October
December 13, 2023
Bangladesh to become 2nd-fastest economy among 46 nations: Mastercard
GDP of Bangladesh is expected to grow 6.3 percent in 2024 whereas India’s expected growth is 6.4 percent
December 6, 2023
Costly USD, higher inflation hurting dairy industry
Says Simon Stevens, executive vice-president (international) of Arla Foods
December 6, 2023
14 individuals, 12 firms on top taxpayers' list for 8th straight year
It comes as the NBR unveiled the names of 141 individuals and companies as the highest taxpayers for the assessment year of 2022-23.
November 15, 2023
Transactions thru credit cards drop 7.73%
Bangladeshi credit cardholders spent twice as much abroad as foreign nationals did within Bangladesh in September, according to the Bangladesh Bank (BB).
October 15, 2023
Use of credit cards in departmental stores on the rise
The use of credit cards in Bangladesh is increasing sharply, bolstered by growing spending on daily essentials at departmental stores amid higher inflation.
October 10, 2023
BSTI mark mandatory for 36 more products
The use of the Bangladesh Standards and Testing Institution’s (BSTI) standardisation mark has been made mandatory for 36 new products, including LPG cylinders, pressure cookers, microwave ovens and sweetmeats.
October 7, 2023
Capital base up for state-run banks, down for private lenders
The capital base of state-owned commercial banks rose while it fell for private lenders at the end of the fourth quarter of 2022-23, Bangladesh Bank data showed.
October 6, 2023
Private coal power plants to avail tax exemption till 2039
Although the country saw a huge year-on-year rise in the amount of foreign loans pledged from abroad in the first two months of the current fiscal year, their disbursements have slightly dropped, showed government data.
September 17, 2023
Female participation through agent banking rising
Bangladesh Bank data finds
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