Actual export, NPL data to be available from now: governor

The actual data on exports and non-performing loans (NPLs) will be available from now onwards as the central bank emphasises releasing real figures, said Bangladesh Bank Governor Abdur Rouf Talukder yesterday.
10 July 2024, 18:00 PM

New rules in the making to give more autonomy to Bangladesh Bank

The government is going to amend the Bangladesh Bank Order, 1972 to align it with global best practices and give the central bank more autonomy so that it can initiate steps to help the economy deal with pressure.
10 July 2024, 18:00 PM

Why are onion prices rising abruptly?

According to the state-run Trading Corporation of Bangladesh (TCB), local varieties of onions were being sold for Tk 105 to Tk 115 per kg yesterday compared to Tk 95 to Tk 100 per kg a week ago.
10 July 2024, 16:25 PM

Two banks, one NBFI top sustainable lenders' list for fourth straight year

The latest rating showed that BRAC Bank and City Bank have been part of the list since the BB launched the rating in 2020.
10 July 2024, 15:34 PM

BB issues external auditor rules for banks

As per the rules, the external auditor will audit at least 80 percent of the total risk-based assets of a concerned bank, prioritising the highest risk-based branches along with the headquarters of the scheduled banks.
9 July 2024, 16:07 PM

Generous exit policy offered to borrowers

Bangladesh Bank yesterday unveiled the latest iteration of its exit policy that offers borrowers the option to close off their loan account within three years by paying only 10 percent as down payment and no interest.
8 July 2024, 18:00 PM

BB rolls out generous exit policy to borrowers

The Bangladesh Bank today unveiled the latest iteration of its exit policy that offers borrowers the option to close off their loan account within three years by paying only 10 percent as down payment and no interest
8 July 2024, 16:41 PM

TCB to sell essentials at subsidised rates tomorrow

Three items -- soybean oil, lentil and rice -- will be sold to one crore family cardholders across the country through designated dealers of the TCB.
7 July 2024, 15:55 PM

Export data correction was long overdue

Bangladesh Bank’s latest data on the balance of payments has remarkably altered the narrative on the drivers of external stress without changing the signal on the overall stress.
6 July 2024, 18:00 PM

Cut in export incentives to weigh on textile sector

The government’s decision to further cut incentives on export receipts will badly hurt the domestic textile sector which bears an investment of $22 billion, a top leader of Bangladesh Textile Mills Association (BTMA) said yesterday.
6 July 2024, 18:00 PM

EPB delays releasing export data after mismatch shock

The Export Promotion Bureau (EPB) is taking more time than it usually does to release the export data for June apparently because of the shock following the central bank’s correction of overseas sales figures.
6 July 2024, 18:00 PM

Number of DSE mobile app users halves in 4 years

The number of users of the Dhaka Stock Exchange’s (DSE) mobile app has more than halved in the past four financial years, apparently due to a protracted bearish trend in the market.
6 July 2024, 18:00 PM

Building hi-tech parks in districts: progress only 14% in 7 years

Development initiatives in Bangladesh normally take longer than usual to come to fruition. However, the project to set up a dozen hi-tech parks at the district level is moving at such a glacial pace that it may hold the government from attaining its vision of building a smart nation and readying the workforce for the digitalised world.
6 July 2024, 18:00 PM

BB finds six types of wrongdoing in export data

The central bank discovered six types of statistical wrongdoing that inflated export data, a development that led to a multibillion-dollar correction.
5 July 2024, 18:00 PM

Making sense of revisions in balance of payments

Bangladesh Bank's latest data on the balance of payments has remarkably altered the narrative on the drivers of external stress without changing the signal on the overall stress. The bottom line on persistent external imbalance remains pretty much the same but the composition is palpably different
5 July 2024, 13:45 PM

$14b export data puzzle is unnerving

You can lie with data or illuminate the truth with data. And there’s something in between -- half-truths.
4 July 2024, 18:00 PM

What does the reconciliation of export income data mean for the economy?

On July 3, the Bangladesh Bank (BB) released data of the Balance of Payments (BoP) for July-April period of fiscal year 2023-24. It used reconciled export data, which showed the country’s exports were nearly $14 billion below the figure reported earlier by the Export Promotion Bureau (EPB).
4 July 2024, 15:47 PM

PM urges ADB to help Bangladesh implement blue economy

Prime Minister Sheikh Hasina yesterday sought cooperation from the Asian Development Bank in implementing blue economy and extract every resources from country's maritime boundary
2 July 2024, 19:04 PM

Rangs eMart brings new LG OLED C3 series

Rangs eMart is going to introduce nine new models of televisions from LG’s latest series in Dhaka today.
2 July 2024, 18:00 PM

Net reserves now $16.77b, BB releases data for the first time

The central bank has shared data of the net international reserves (NIR) of Bangladesh for the first time.
2 July 2024, 18:00 PM