Remittances sent by migrant workers and Bangladeshis living abroad soared nearly 39 percent year-on-year to 2.2 billion in August, the first month of the interim government.</p><p>Remittance inflows were $1.6 billion in the same month of the previous year, according to Bangladesh Bank data.

The number of mobile subscribers in Bangladesh has dropped significantly in July, as all the operators lost customers. .The overall number of mobile subscribers is calculated based on the purchase of new SIMs (subscriber identity modules) minus the number of SIMs whose ownership have beco

Islami Bank, the largest private bank by deposits in 2017, was a lucrative target for Sheikh Hasina’s cronies when an influential business group with her blessing occupied it by force – a “perfect robbery” in Bangladesh’s banking history.

Until mid-2010 I was not aware that the immediate past prime minister had a special assistant for stolen asset recovery.

Businesspeople in Bangladesh are becoming interested in sabotage and terrorism insurance following incidents of arson, looting and vandalism at several industrial establishments across the country, according to various insurers.

Stock investors and analysts are hoping for the Bangladesh Securities and Exchange Commission (BSEC), led by its new Chairman Khondoker Rashed Maqsood, to focus on its prime tasks of proper monitoring and ensuring good governance in the share market.

Industrial output in Bangladesh grew at its slowest pace since the Covid-19 pandemic, hitting 6.66 percent last fiscal year owing to declining exports, import restrictions and a slowdown in domestic demand due to persistent inflation.

The interim government is planning to revise the national budget for the current fiscal year urgently and cut “wasteful expenditures” in order to alleviate the pressure on the foreign currency reserves and tame persistent inflation.

Islami Bank’s former managing director Abdul Mannan had not appeared or spoken publicly since S Alam Group took control of the bank in March 2017.

Moody’s raised India’s growth projection for 2024 and 2025 citing signs of improving rural demand, while Fitch affirmed the country’s sovereign credit rating, the agencies said in separate releases on Thursday.

Bangladesh Bank Governor Ahsan H Mansur yesterday urged banks to be compassionate, humane and empathetic when dealing with farmers who fail to repay loans for genuine and understandable difficulties.

Bangladesh’s overall external deficit nearly halved in fiscal year (FY) 2023-24, hitting the lowest mark in three years, a positive development which is expected to ease the pressure on forex reserves and reduce exchange rate volatility.

The committee tasked with formulating a white paper on Bangladesh’s economy will assess the extent of corruption in the country and identify the reasons behind it, according to Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue (CPD).

Reconstituting the board of directors of ailing banks is the first step towards bringing good governance and discipline to the banking sector, according to Bangladesh Bank Governor Ahsan H Mansur.

The control of influential businessman Nazrul Islam Mazumder over Exim Bank ended yesterday as the Bangladesh Bank reconstituted the board of the Shariah-based lender.

Flash floods across parts of the country, the lingering effects of recent nationwide political upheaval, and persistent inflationary pressure have prevented business activities from getting back on track, according to businesspeople.

Chinese tech giant Huawei said Thursday that sales surged in the first half of the year, even as it struggles under the weight of sanctions that have deprived it of technology from the United States.

The International Chamber of Commerce Bangladesh (ICCB) has come up with six recommendations for the interim government to bring about reforms in the country’s banking, tax, trade and business activities.

Human nature has an innate tendency to escalate demands once an initial concession is made, and thus, the saying goes “If you let someone sit, he wants to eat; if you let him eat, he wants to sleep”.

The latest move is a part of dozens of instructions given by the BFIU to lock accounts of top functionaries, including ministers, of the immediate past Awami League (AL) government.