Bangladesh Bank’s steps to boost the country’s foreign currency reserves will not yield any positive results overnight.

Bangladesh yesterday made three major decisions to cushion the economy against critical risks such as stubborn inflation and depletion of foreign currency reserves.

The International Monetary Fund (IMF) emphasised more reforms in the banking sector and tax collections and reducing subsidies to help the economy turn around.

The exporters have already welcomed the central bank's move to devaluate the local currency, which they have long been waiting for.

PRI Executive Director Ahsan H Mansur says

IMF mission concluded its 15-day visit to Bangladesh today

302 industries will make the investments

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.

Bangladesh Bank has dissolved the board of directors of National Bank Ltd, just five months after restructuring it.

The bank’s sponsor director Khalilur Rahman made the new chairman

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.

Public employees’ pay rises 406% in 12 years, a PRI study finds

He has over 28 years of professional experience

The drugmaker’s nine months’ profit exceeds FY22’s full year figure

National Bank officials do not want the bank to merge with another entity.

Bangladesh Bank today sat with five leading private commercial banks

It made a loss of Tk 1,497 crore in 2023, down from Tk 3,285 crore in 2022

Islami Bank Bangladesh, the largest and oldest shariah-based bank in the country, today announced that it would borrow Tk 1,000 crore through the issuance of bonds to improve its capital adequacy in line with Basel-III.

The home appliance maker counted a loss of Tk 2.1 crore in Jan-Mar quarter

The company gives credit to fall in administration, distribution costs and selling expenses