Shareholders Reclaim Control as Al-Arafah Board Restructured
The central bank of Bangladesh has restructured the board of directors of Al-Arafah Islami Bank PLC, appointing 14 sponsor shareholders …
Banking
Banking
£4.8bn Assets of Hasina Family and Ten Conglomerates Frozen
In a major crackdown on financial crime, the Bangladesh Financial Intelligence Unit (BFIU) has frozen domestic and international assets worth …
Bangladesh Bank Mandates Prior Approval for Industrial Boiler Imports
DHAKA — The central bank of Bangladesh has instituted a stringent regulatory framework for the importation of industrial boilers and …
Dollar Trades at Tk122.94 Amid Global Currency Shifts
Foreign exchange rates remain a key indicator for Bangladesh’s economy, influencing everything from remittance inflows and international trade to overseas …
Bangladesh’s Forex Reserves Rise To $36.55 Billion
Bangladesh’s gross foreign exchange reserves have climbed to $36.55 billion, marking a further improvement in the country’s external financial position. …
Bangladesh Records Strong Remittance Inflow in Early July
Bangladesh received 1.325 billion US dollars in inward remittances during the first 12 days of July, indicating a robust start …
Tax on Frozen Interest Raises Fairness Concerns
Bangladesh’s banking sector has been grappling with prolonged challenges involving public confidence, liquidity shortages and weaknesses in financial governance. While …
Dollar Climbs as Bangladesh Expands Market-Based Exchange Rates
The price of the US dollar has edged higher once again in Bangladesh’s interbank foreign exchange market, reflecting the country’s …
State Backs Youth Ventures With Multi-Million Pound Credit Package
In an ambitious move to curb structural youth unemployment, the government has unveiled a sweeping financial package designed to jump-start …
Taka Holds Steady Against Major Global Currencies
Foreign exchange rates remain a key indicator of Bangladesh’s economic condition and international financial activities. Movements in currency values directly …