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Category: Economy

Bangladesh Bank Purchases Dollars To Support Local Market 1 Bangladesh Bank Purchases Dollars To Support Local Market

Bangladesh Bank Purchases Dollars To Support Local Market

GLive24.com DeskMay 20, 2026
The central bank of Bangladesh has expanded its systematic open-market operations by purchasing an additional $85 million (£67.4 million) from six domestic commercial banking institutions. This latest regulatory transaction follows a substantial increase in the internal availability of United States dollars across the country’s financial landscape. The expansion of foreign currency liquidity has been primarily […]
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National Development Programme Heavily Dominated By Five Megaprojects 1 National Development Programme Heavily Dominated By Five Megaprojects

National Development Programme Heavily Dominated By Five Megaprojects

GLive24.com DeskMay 19, 2026
The Government of Bangladesh has approved an Annual Development Programme (ADP) budget of 300,000 crore takas for the 2026-27 financial year. Although this developmental framework allocates funds to a total of 1,105 projects across the country, approximately 12.5 per cent of the entire fiscal layout is concentrated within just five megaprojects. These strategic initiatives—which include […]
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NCC Bank Marks Thirty Third Anniversary With Islamic Shift 1 NCC Bank Marks Thirty-Third Anniversary With Islamic Shift

NCC Bank Marks Thirty-Third Anniversary With Islamic Shift

GLive24.com DeskMay 19, 2026
NCC Bank has commemorated its 33rd anniversary by reaffirming its long-term corporate commitment to driving sustainable financial growth, fostering deeper customer trust, fostering digital innovation, and executing a comprehensive transition towards full Shariah-compliant banking operations. The celebratory events formally commenced on 17 May at the bank’s central head office with a traditional cake-cutting ceremony led […]
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Foreign Exchange Rates on 19 May Foreign Exchange Rates on 19 May

Foreign Exchange Rates on 19 May

GLive24.com DeskMay 19, 2026
Foreign exchange rates play a crucial role in shaping international trade, remittance flows, and everyday financial planning for millions of Bangladeshis. With over ten million expatriate Bangladeshis living and working across the globe, inward remittances remain a vital pillar of the national economy. As global trade expands and cross-border transactions become increasingly frequent, the demand […]
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New 5 Taka Note Introduced New 5-Taka Note Introduced

New 5-Taka Note Introduced

GLive24.com DeskMay 19, 2026
The government has introduced a newly designed series of 5-taka currency notes featuring depictions of Bangladesh’s historical and archaeological heritage. The new note was officially brought into circulation on Tuesday, marking another step in the country’s ongoing effort to modernise its currency system while preserving national identity through artistic representation. According to the Ministry of […]
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U Fintech and Protective Islami Life Execute Agreement

U Fintech and Protective Islami Life Execute Agreement

GLive24.com DeskMay 19, 2026
U Fintech Limited and Protective Islami Life Insurance Limited have established a strategic alliance through the signing of a group insurance agreement. This corporate partnership is designed to expand the scope of consumer services across the digital finance and insurance sectors, enabling U Fintech policyholders to access enhanced healthcare benefits and structured insurance coverage. Contractual […]
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Trust Bank Commits to Central Bank MSME Schemes

Trust Bank Commits to Central Bank MSME Schemes

GLive24.com DeskMay 19, 2026
Trust Bank PLC has executed two separate participation agreements for refinance initiatives launched by Bangladesh Bank. The credit facilities are strategically structured to accelerate the growth of Cottage, Micro, Small, and Medium Enterprise (CMSME) industrial clusters and to sustain the broader development of MSMEs throughout the country. Governance and Executive Signatories The official signing ceremony […]
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State-Owned Rupali Bank PLC Reports Deficit of Tk396 Crore

State-Owned Rupali Bank PLC Reports Deficit of Tk396 Crore

GLive24.com DeskMay 19, 2026
Rupali Bank PLC has entered a period of heightened financial instability, recording a consolidated net loss of Tk396 crore for the first quarter of 2026. Official corporate disclosures indicate that the worsening performance is a direct result of accelerating non-performing loans (NPLs), unmitigated asset provisioning shortfalls, negative retained earnings, and a severe breach of minimum […]
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Eastern Bank Women Customers Gain Tahoor Privileges

Eastern Bank Women Customers Gain Tahoor Privileges

GLive24.com DeskMay 19, 2026
Eastern Bank PLC (EBL) has formalised a commercial partnership with Tahoor Studio, a prominent lifestyle brand in Bangladesh. Under the provisions of this newly executed agreement, female retail banking customers enrolled with EBL will receive exclusive consumer benefits, discounts, and promotional privileges on merchandise purchased from the lifestyle retailer. Executive Signatories and Corporate Framework The […]
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