Dhaka February 24, 2025, 4:43 am
He has more than 23 years of banking experience
Bangladesh has been one of the biggest development success stories in recent decades, it’s now time to switch gears to meet ambitions to transform into an upper-middle-income country in the next decade
This project is a continuation of ADB’s ongoing support to Bangladesh’s COVID-19 pandemic response in order to protect its population from the virus, rebuild the livelihoods of vulnerable groups, and work to return its econom
Country’s common people are suffering a lot due to the ongoing worldwide Covid-19 pandemic. If import activities are disrupted and prices of the essentials go up, they will be the worst sufferers
The new measures announced for 2021 included immediate assistance through emergency food relief distribution for Covid-19 affected marginalised communities, health support, livelihood regeneration and long-term growth catalys
LIBOR is a benchmark interest rate at which major global banks lend to one another in the international inter-bank market for short-term loans
authorised dealer (AD) banks have been asked to retain at least 5.0 percent of the commitment-amount instead of collateral as per 'bank-customer' relationship in cash margin from local borrowers of the foreign currency loans
Tax should be linked to income. Having a bank balance should not necessarily mean income
Hackers stole $81 million from the account of Bangladesh Bank at the Federal Reserve Bank of New York using fraudulent orders on the SWIFT payments system
The number of direct beneficiaries of the packages is around 12.4 million (1.24 crore) people
Bangladesh has made remarkable progress in reducing poverty over the past two decades, said an ADB press release on Friday
Police have arrested two officials of Dhaka Bank Limited allegedly for embezzling Tk 3.77crore from the vault of the bank’s Bangshal branch in the capital
Under the new policy, all the scheduled banks have been asked to set up a special 'post import financing (PIF) Monitoring Unit' to oversee loan disbursement and recovery under PIF
Bidders particularly banks expressed their interest in the Sukuk bonds to invest their excess liquidity and received a better yield than in conventional treasury bills and bonds
The development lender, in its flagship publication 'Global Economic Prospects', also said Bangladesh's economic growth will be 5.1% in the fiscal year (FY) 2021-22, higher than the earlier growth forecast of 3.4%
They withdrew Tk 176 crore using these fake documents and by giving seven illegal bank guarantees without the approval of the office was embezzled too
The exporters will now enjoy the facilities until December 31 this year, according to a notification issued by Bangladesh Bank (BB) on Monday. The existing supports were scheduled to expire on June 30
The ADB's investment in railways was much higher than initially planned, but (it) did not represent a significant contribution to the economy, although it was a high priority for the government
The review recommends that climate change and environment should be the leading strategic priorities in the forthcoming five-year country partnership strategy for Bangladesh
Given the ongoing situation due to COVID-19, it has been decided to continue the policy support till December 31, 2021
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