Dhaka February 23, 2025, 2:29 pm
Though Bangladesh’s per-capita GDP is set to continue growing, it has lost momentum as institutional challenges impact growth-promoting policies and insufficient diversification of earnings
A formal proposal has been put forward to the Washington-based lending agency to obtain the required loans from the lender’s soft loan window International Development Agency (IDA)-20
Poverty rose sharply during the pandemic, and the development lender estimates about 70 million people were pushed into extreme poverty in 2020 -- the biggest one-year spike since monitoring began in 1990
According to the notification, interest rate of loans under this scheme will be 5 percent, as opposed to 7 percent earlier
The minister said this on Tuesday after a bilateral meeting with ADB President Masatsugu Asakawa at the ADB headquarters in Manila as part of the annual meeting of the lending agency
On August 8, the BB asked Standard Chartered Bank, BRAC Bank, Dutch-Bangla Bank, City Bank, Prime Bank, and Southeast Bank to remove their treasury chiefs amid allegations of dollar price manipulation
Bangladesh Bank, the central bank of the country, claimed to have detected irregularities committed by the bank in question
Amid a dollar crunch, it also reminded people of the law that prohibits buying cryptocurrency by using foreign exchange in a notice on Thursday
ADB Country Director to Bangladesh Edimon Ginting said this to reporters after meeting Planning Minister MA Mannan at his office on Thursday
Previously, the authorized dealers could maintain foreign currency clearing account with the Bangladesh Bank in the Chinese currency
According to the BB directive, repayment against EDF loans can be made partially for maximum two times and the remainder, if, any, needs to be settled at one-go within the remaining admissible tenure
Despite vulnerability to climatic risks, Bangladesh has emerged as a global leader in climate change adaptation and is known for proactively investing in resilience
With this new market entry, Deutsche Bank's regional footprint in Asia Pacific will soon span 15 diverse markets
Banks may fix varied uniform rates for importers, exporters, overseas exchanges
BB sits with bankers, dealers today as forex reserves recede further
Bangladesh Bank’s updated data revealed that at the end of June quarter, the number of accounts with Tk 1 crore and above deposit stood at 1,08,457. In March quarter, the number of these accounts was 1,03,597
The global lender conveyed its intention to provide Tk 40 billion as loan in breakwater construction and channel dredging segment of the project
The bank has recently sought 'no objection' from the financial institutions division (FID) to this end but is yet to get the nod of approval from the high-ups
The central bank announced the decision on Tuesday, saying the order will remain in force until further notice
Through several regulatory measures against some banks and money exchange houses, the volatile forex market is seemingly stable now. Banks’ and kerb market’s exchange rate of US dollar stood at Tk 95 and Tk 98-100 respectivel
-2022-10-06-13-42-01.jpeg)
-2022-10-06-07-29-19.jpeg)
-2022-09-27-20-05-38.jpeg)
-2022-09-15-21-37-03.jpeg)
-2022-09-13-09-54-32.jpeg)
-2022-09-06-17-58-48.jpeg)
-2022-09-06-16-55-14.jpeg)
