Bangladesh expands offshore banking in hunt for forex
Offshore banking is increasingly becoming a key window for banks in Bangladesh to facilitate investments and international trade by attracting deposits in foreign currencies.
3d ago
Poverty reduction rates arithmetically correct. Do they reflect reality?
Bangladesh is doing better than many countries in reducing poverty. However, questions remain whether the data about poverty alleviation match reality, according to Prof Joe Devine, an expert on poverty, inequality, and vulnerability
6d ago
Private sector's short-term foreign debt drops
The debt stood at $11.04 billion in March, $11.07 billion in February and $11.25 billion in January, according to Bangladesh Bank.
1w ago
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.
2w 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.
2w 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.
3w 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.
1m 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
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
September 16, 2023
Credit card use dips in July
Money spent through credit cards fell by 2.96 percent in July compared to the previous month, showed data from the Bangladesh Bank (BB).
September 14, 2023
Fire only left my misfortune: jewellery shop owner
"I couldn't get anything out of the shop. Some of the gold and silver that I had burned and melted. The fire took everything. What it left is just my misfortune," said Ashraf Uddin, the owner of a jewellery shop.
August 17, 2023
Universal Pension Scheme: All you need to know
The government rolled out the much-anticipated universal pension scheme today with an aim to bring all citizens aged above 18 under the coverage. Here are some of the key issues regarding the pension scheme.
July 7, 2023
IBBL, Agrani, Al-Arafah top remittance recipient banks in FY23
Islami Bank Bangladesh Ltd (IBBL) retained the top spot among the lenders bringing remittance to the country in the just-concluded fiscal year, data from the central bank showed.
June 28, 2023
Barishal home to highest portion of recipients
The percentages of households and people getting support from the government’s Social Security Programmes (SSP) in Barishal are the highest among the country’s eight divisions, according to the Household Income and Expenditure Survey (HIES) 2022.
June 27, 2023
Remittance rebounds
Remittance rebounded in Bangladesh in the outgoing financial year, extending some breathing space to an economy struggling to keep its head above water amid the lingering crisis at home and abroad.
June 26, 2023
Remittance hits 3-month high
Remittance flows to Bangladesh rose to a three-month high in June as expatriates sent home $1.79 billion in the first 23 days of the month to help their families celebrate Eid-ul-Azha.
X