Category: Economy

Bangladesh Bank Unveils BDT 20 Lakh Financing Scheme for Rural Youth Bangladesh Bank Unveils BDT 20 Lakh Financing Scheme for Rural Youth

Bangladesh Bank Unveils BDT 20 Lakh Financing Scheme for Rural Youth

Central bank launches an innovative grant-and-loan package to nurture young entrepreneurs across all sub-districts. In a decisive move to cultivate micro-entrepreneurship outside major urban hubs, Bangladesh Bank has introduced a targeted financial scheme designed to transform rural business ideas into viable commercial enterprises. Titled “Uddyog: Upazila-Based Young Entrepreneur Search, Identification, and Financing Programme”, the initiative […]
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Non Performing Loans Surge Past Barricades as Bangladesh Banking Woes Deepen Non-Performing Loans Surge Past Barricades as Bangladesh Banking Woes Deepen

Non-Performing Loans Surge Past Barricades as Bangladesh Banking Woes Deepen

Repeated policy concessions and lenient debt restructuring schemes have failed to contain the mounting distress in Bangladesh’s banking sector, where non-performing loans (NPLs) have crossed the six trillion taka mark. The latest statistics released by Bangladesh Bank depict a worsening financial landscape, with bad debts rising sharply over a single quarter amidst a severe contraction […]
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Bangladesh Bank Buys 50m to Curb FX Volatility Bangladesh Bank Buys $50m to Curb FX Volatility

Bangladesh Bank Buys $50m to Curb FX Volatility

Bangladesh Bank has re-entered the foreign exchange market, purchasing 50 million US dollars from commercial banks through an auction after a lull of nearly three and a half months. The central bank conducted the transaction on Tuesday afternoon in response to an increasing supply of greenbacks, which had begun exerting downward pressure on exchange rates. […]
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Bangladesh Banking Crisis as Default Loans Surge Past 6 Lakh Crore Bangladesh Banking Crisis as Default Loans Surge Past 6 Lakh Crore

Bangladesh Banking Crisis as Default Loans Surge Past 6 Lakh Crore

Bangladesh’s financial sector is grappling with a severe deterioration in balance sheet quality after non-performing loans (NPLs) surged by 17,851 crore taka in just three months. This sharp increase has propelled the banking industry’s total classified debt past the 6 lakh crore taka mark for the first time on record, underscoring systemic vulnerabilities that threaten […]
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Bangladesh Remittances Surge 26.9 Percent in August Bangladesh Remittances Surge 26.9 Percent in August

Bangladesh Remittances Surge 26.9 Percent in August

Bangladesh witnessed a remarkable surge in inward remittances during the opening thirty days of August, drawing in 2.83 billion US dollars, which translates to approximately 34,809 crore taka based on an exchange rate of 123 taka per dollar. This robust financial performance reflects a notable 26.9 percent increase compared to the corresponding period in the […]
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Bangladesh Foreign Exchange Rates Stabilise Following IMF Policy Shifts Bangladesh Foreign Exchange Rates Stabilise Following IMF Policy Shifts

Bangladesh Foreign Exchange Rates Stabilise Following IMF Policy Shifts

Bangladesh’s international trade landscape continues to expand in tandem with the global economy. To sustain this commercial momentum, foreign exchange rates fluctuate continuously according to market dynamics. Despite adequate currency reserves within the domestic market, the implementation of conditions set by the International Monetary Fund (IMF) last month prompted a gradual depreciation of the taka […]
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National Board of Revenue Proposes Turnover Tax Relief for Small Businesses

National Board of Revenue Proposes Turnover Tax Relief for Small Businesses

Small and medium-sized enterprises across Bangladesh could soon receive significant fiscal relief as the National Board of Revenue moves to exempt businesses with an annual turnover of up to two crore taka from minimum turnover taxes. Under the proposed framework, enterprises falling below this financial threshold will be completely free from the mandatory levy, decoupling […]
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Navigating Currency Fluctuations Foreign Exchange Rates in Bangladesh Navigating Currency Fluctuations: Foreign Exchange Rates in Bangladesh

Navigating Currency Fluctuations: Foreign Exchange Rates in Bangladesh

Foreign exchange rates serve as a vital pillar for international trade, inward remittances, import-export dynamics, and broader external financial settlements. Shifts in the global economy, central bank interest rates, commodity pricing, geopolitical instability, and supply-demand imbalances continuously influence the valuation of the Bangladeshi Taka against major international currencies. Ongoing geopolitical tensions across the Middle East […]
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Daily Foreign Exchange Rates Announced for Major Currencies Today Daily Foreign Exchange Rates Announced for Major Currencies Today

Daily Foreign Exchange Rates Announced for Major Currencies Today

Foreign currency exchange rates published for the domestic market reflect the current valuations of the Bangladeshi taka against major international currencies. Financial institutions, authorised dealers, and commercial entities rely on these benchmark reference metrics to settle import-export invoices, manage corporate transactions, and handle retail foreign exchange requests. Market indicators for Saturday, 29 August 2026, show […]
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Sonali Life Insurance Greenlights 15 Dividend at AGM Sonali Life Insurance Greenlights 15% Dividend at AGM

Sonali Life Insurance Greenlights 15% Dividend at AGM

Sonali Life Insurance PLC recently convened its 13th Annual General Meeting, bringing together key stakeholders, board members, and executive leadership to review the insurer’s financial performance. Held at the company’s corporate conference room in Malibagh, Dhaka, the gathering focused on corporate accountability, shareholder returns, and future governance. Moinul Islam, Chairman of the board of directors, […]
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