Dhaka May 13, 2025, 4:39 am
Bangladesh Bank has once again directed authorities to monitor cryptocurrency transactions after finding that people are still using bank accounts for the buying and selling of Bitcoin and other virtual currencies
Dhaka Bank Limited has arranged Tk 9,000 million for Bashundhara Oil and Gas Company Limited (BOGCL) as the lead arranger for supporting the production of bitumen, a major element for infrastructure development
Current aid portfolio $2.78b for 12 projects, in a rapid rise
Aims to better understand financial resilience amid macroeconomic shocks
Though Bangladesh’s per-capita GDP is set to continue growing, it has lost momentum as institutional challenges impact growth-promoting policies and insufficient diversification of earnings
A formal proposal has been put forward to the Washington-based lending agency to obtain the required loans from the lender’s soft loan window International Development Agency (IDA)-20
Poverty rose sharply during the pandemic, and the development lender estimates about 70 million people were pushed into extreme poverty in 2020 -- the biggest one-year spike since monitoring began in 1990
According to the notification, interest rate of loans under this scheme will be 5 percent, as opposed to 7 percent earlier
The minister said this on Tuesday after a bilateral meeting with ADB President Masatsugu Asakawa at the ADB headquarters in Manila as part of the annual meeting of the lending agency
On August 8, the BB asked Standard Chartered Bank, BRAC Bank, Dutch-Bangla Bank, City Bank, Prime Bank, and Southeast Bank to remove their treasury chiefs amid allegations of dollar price manipulation
Bangladesh Bank, the central bank of the country, claimed to have detected irregularities committed by the bank in question
Amid a dollar crunch, it also reminded people of the law that prohibits buying cryptocurrency by using foreign exchange in a notice on Thursday
ADB Country Director to Bangladesh Edimon Ginting said this to reporters after meeting Planning Minister MA Mannan at his office on Thursday
Previously, the authorized dealers could maintain foreign currency clearing account with the Bangladesh Bank in the Chinese currency
According to the BB directive, repayment against EDF loans can be made partially for maximum two times and the remainder, if, any, needs to be settled at one-go within the remaining admissible tenure
Despite vulnerability to climatic risks, Bangladesh has emerged as a global leader in climate change adaptation and is known for proactively investing in resilience
With this new market entry, Deutsche Bank's regional footprint in Asia Pacific will soon span 15 diverse markets
Banks may fix varied uniform rates for importers, exporters, overseas exchanges
BB sits with bankers, dealers today as forex reserves recede further
Bangladesh Bank’s updated data revealed that at the end of June quarter, the number of accounts with Tk 1 crore and above deposit stood at 1,08,457. In March quarter, the number of these accounts was 1,03,597
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