In a strategic effort to strengthen the nation’s export sector, Bangladesh Bank has reintroduced its pre-shipment credit refinance scheme. The decision follows a formal appeal from Federation of Bangladesh Chambers of Commerce and Industry, the country’s apex trade organisation, reflecting the urgent need to support exporters amid global economic uncertainties. Originally launched in 2020, the […]

After being stranded in the Persian Gulf for over a month due to the Middle Eastern conflict, the Bangladeshi-flagged vessel MV Banglar Joyatra has resumed its journey through the strategic Strait of Hormuz. The ship, operated by the Bangladesh Shipping Corporation (BSC), carries a crew of 31 Bangladeshi seafarers. According to MarineTraffic monitoring, the vessel […]

The Bangladesh Securities and Exchange Commission (BSEC) has approved a Tk 1,200 crore subordinated bond issued by City Bank, one of the country’s leading private banks. The seven-year bond aims to strengthen the bank’s Tier-2 capital and support its growing lending operations across corporate, retail, and SME sectors. The approval was granted during the 1007th […]

The National Board of Revenue (NBR) has launched a major initiative to digitally link taxpayers’ financial records with banks, enabling automatic access to essential information for tax filings. The programme is expected to reduce manual processes, minimise taxpayer inconvenience, and enhance transparency in revenue collection. Under the scheme, taxpayers will be able to link closing […]

The Bangladesh Bank is preparing to offer exporters offshore dollar loans at an interest rate of 8%, a significant reduction from the 14–16% charged on domestic currency loans. The central bank is expected to issue a formal circular shortly, detailing operational procedures and eligibility criteria for this new facility. The initiative aims to lower financing […]

Bangladesh’s central bank has sounded the alarm over a suspected attempt by vested groups to engineer instability in the country’s foreign-exchange market, exploiting global uncertainty stemming from the ongoing Middle East conflict. Officials at Bangladesh Bank say they have identified efforts to create an artificial dollar shortage by fuelling rumours of a steep depreciation of […]

Despite 36 years of possession, Jiban Bima Corporation (JBC) has yet to secure legal ownership of its 11-storey building and plot at 80 Motijheel, the commercial hub of Dhaka. The property, formerly the headquarters of Prudential Assurance Company, was transferred to JBC in 1989 through a power of attorney. Yet, the Dhaka Deputy Commissioner (DC) […]

AB Bank PLC has formalised a strategic partnership with iRONman Company Ltd. through the signing of a Memorandum of Understanding (MoU), aiming to provide dedicated financial support to the company’s network of listed dealers and distributors. The initiative will utilise AB Bank’s SME-focused programme, “UTTARAN”, designed to address the working capital and growth needs of […]