Bangladesh Bank has rolled back its earlier decision to impose a complete “haircut” on depositors of five troubled Islamic banks, announcing that individual term and scheme-based depositors will now receive profit at an annual rate of 4% on funds accumulated in 2024 and 2025. Previously, the...
Bangladesh Bank is set to establish a dedicated bank restructuring and resolution fund of as much as Tk40,000 crore, a structural shift aimed at handling distressed lenders without resorting to taxpayer-financed bailouts. Under the plan, banks will be required to pay an annual premium of up to...
Gold prices in Bangladesh have climbed to a fresh all-time high, with the Bangladesh Jewellers Association (Bajus) fixing the price of 22-carat gold at Tk238,879 per bhori (11.664 grams) following its latest adjustment. In a notification issued late Monday night (19 January), Bajus announced a...
The prospect of a renewed trade war between the United States and the European Union is stirring anxiety among Bangladesh’s garment exporters, who fear retaliatory tariffs could disrupt global supply chains, lift inflation in major economies and suppress consumer demand in their most important...
Bangladesh is approaching a historic milestone: its graduation from least developed country (LDC) status to the ranks of developing nations. With only 10 months remaining before the transition process reaches its decisive phase, the mood in the business community is increasingly anxious rather than...
Bangladesh Petroleum Corporation (BPC) has been authorised to import liquefied petroleum gas (LPG) in an effort to ease a deepening market crisis and rein in abnormal price hikes across the country. The approval was confirmed late Sunday (18 January) by Power, Energy and Mineral Resources Ministry...
