In a robust effort to tighten regulatory discipline and rebuild credibility in the financial sector, the Bangladesh Financial Intelligence Unit (BFIU) has instructed the top leadership of all scheduled banks to sign binding declarations against corruption and money laundering. The directive, issued through an internal circular, reflects a heightened regulatory response to persistent governance shortcomings […]

As the festival of Eid al-Adha approaches, the country’s central bank has issued a renewed warning over large cash transactions in livestock markets, citing an elevated risk of counterfeit currency circulation. The advisory comes at a time when trading activity intensifies nationwide, particularly in temporary cattle markets where substantial sums are exchanged daily. During this […]

The American International University-Bangladesh (AIUB) has formally signed a group insurance agreement with the Protective Islami Life Insurance, marking a new collaborative arrangement intended to extend insurance-linked benefits to members of the university community. The agreement establishes a structured framework through which policyholders associated with AIUB will be able to access a range of healthcare […]

Bangladesh Bank has verbally instructed commercial banks to further reduce the rate at which they purchase US dollars, in a continued effort to manage stability in the foreign exchange market, according to official sources. Under the latest instruction, commercial banks have been directed to cap the buying rate for remittances from money exchange houses at […]

City Bank PLC and Water.org have entered a two-year partnership in Bangladesh to improve access to safe drinking water and sanitation facilities through expanded financing for micro, small and medium enterprises (MSMEs) and microfinance institutions (MFIs) operating in the Water, Sanitation and Hygiene (WASH) sector. Under the arrangement, entrepreneurs in remote and underserved areas will […]

Community Bank Bangladesh PLC has formally launched an Entrepreneurship Development Program (EDP) under the Skills for Industry Competitiveness and Innovation Program (SICIP) at its Training Academy, marking another step in strengthening structured entrepreneurship training in Bangladesh. The programme is being carried out under the Government of the People’s Republic of Bangladesh, with Bangladesh Bank serving […]

The government is confronting a significant challenge in meeting its income tax collection targets, as a substantial proportion of registered taxpayers are failing to submit their annual tax returns within the stipulated deadline. Despite the widespread issuance of electronic Tax Identification Numbers (e-TINs), compliance levels remain markedly low, prompting the National Board of Revenue (NBR) […]

Bangladesh’s trade and financial relations with the global economy continue to expand steadily, driven by rising volumes of imports and exports, strong remittance inflows, and increased international financial transactions. In this evolving environment, foreign exchange rates play a pivotal role in shaping economic activity across multiple sectors, including trade settlement, import costing, and remittance valuation. […]