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A service for banking industry professionals · Friday, January 3, 2025 · 773,750,005 Articles · 3+ Million Readers
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Bangladesh Banking Industry Newswire

  • Published on Jan 2, 2025

    Set up a foreign remittance unit at the Central Bank – Mahama government urged

    A banking consultant, Dr. Richmond Atuahene, says the incoming President, John Dramani Mahama, must set up a remittances unit at the Central Bank to track Ghana’s foreign remittances. Speaking on GHOne TV, Dr. Atuahene disclosed that the figures on Ghana’s …

    Source: GhanaWeb - Neutral
  • Published on Jan 2, 2025

    Bangladesh Bank caps exchange rate spread at Tk 1

    Bangladesh Bank has introduced a maximum exchange rate spread of Tk 1 - meaning the difference between the buying and selling rates of a foreign currency cannot exceed Tk 1, to ensure uniformity and transparency in exchange rate practices. The Foreign …

    Source: United News of Bangladesh - Label Pending
  • Published on Jan 2, 2025

    Bangladesh Bank lowers cash margin for eco-friendly car import LCs

    TBS Report 02 January, 2025, 07:50 pm Last modified: 02 January, 2025, 07:59 pm The Bangladesh Bank has announced a reduction in the cash margin requirement for opening Letters of Credit (LCs) for eco-friendly car imports, which takes effect from 1 …

    Source: The Business Standard - Neutral
  • Published on Jan 2, 2025

    Cenbank to punish banks if dollar sold at more than Tk1 than purchase rate 

    TBS Report 02 January, 2025, 09:35 pm Last modified: 02 January, 2025, 09:39 pm The Bangladesh Bank has issued a stark warning to banks against charging more than Tk1 per dollar than the purchase rate. Non-compliance would result in fines and other …

    Source: The Business Standard - Neutral
  • Published on Jan 2, 2025

    Banks asked to keep max Tk 1 as spread in dollar transactions

    The Bangladesh Bank (BB) has asked banks today to keep a maximum of Tk 1 as a spread between the buying and selling rates of the US dollar. This directive was issued as some commercial lenders charged higher rates when selling the greenback, taking …

    Source: Daily Star - Neutral
  • Published on Jan 2, 2025

    Compliance issues to challenge Bangladesh’s RMG sector in 2025

    Image Courtesy: https://www.daily-sun.com As Bangladesh’s readymade garment (RMG) sector prepares for its graduation from least developed country (LDC) status in 2026, industry leaders anticipate compliance and sustainability demands from …

    Source: Apparel Resources - Label Pending
  • Published on Jan 2, 2025

    RMG manufacturers in Bangladesh hope for a better 2025 after resilient 2024

    Image Courtesy: https://www.businessinsiderbd.com/ The readymade garment (RMG) sector in Bangladesh is optimistic about a promising 2025 following a challenging 2024 that tested its resilience. Industry insiders point to signs of recovery in …

    Source: Apparel Resources - Label Pending
  • Published on Jan 2, 2025

    The Forgotten Opposition: Bangladesh’s Left in the Shadow of Major Parties

    On December 14, 2023, Shahriar Shihab was returning home through the University of Dhaka after paying tribute to the martyred intellectuals killed by the Pakistani military on the same date in 1971 during the Liberation War. Suddenly a group of 20-25 young …

    Source: The Diplomat - Neutral
  • Published on Jan 2, 2025

    Addressing the Challenges of Bangladesh’s RMG Sector in 2025

    Bangladesh’s RMG sector is navigating significant challenges as we move into 2025. A critical issue is the post-COVID workforce shift, which has seen many workers, especially women, transition to other sectors due to rising living costs in Greater Dhaka, …

    Source: Textile Focus - Label Pending
  • Published on Jan 2, 2025

    Bangladesh’s FY24 GDP $300b, not $459b: City Bank Capital

    Summary: Bangladesh's GDP for FY 2023-24 estimated at $300 billion. Electricity consumption suggests overstated GDP by the previous government. Report doubts economic outlier status without strong service or production sectors. Recalibrated GDP could …

    Source: The Business Standard - Neutral
  • Published on Jan 2, 2025

    LC margin for car imports lowered as reserves improve

    The Bangladesh Bank (BB) has lowered the cash margin for opening letters of credit (LCs) to import cars as the country's foreign exchange inflow and dollar stocks show improvement. Now, banks will be able to import fully electric and hybrid cars, which …

    Source: Daily Star - Neutral
  • Published on Jan 2, 2025

    Gold extends gains from 2024

    Gold prices rose on Thursday, extending gains from 2024 as investors weighed potential shifts in the US Federal Reserve's interest rate outlook in the face of President-elect Donald Trump's proposed tariffs and their likely impact on inflation. …

    Source: Daily Star - Neutral
  • Published on Jan 1, 2025

    Why didn’t Sri Lanka end up like Bangladesh?

    The mostly peaceful three-month period leading up to the President’s ouster allowed the building of relationships and trust in mainstream political actors and institutions among at least a subset of protesting groups that made them refuse calls to violence …

    Source: Daily FT - Label Pending
  • Published on Jan 1, 2025

    Bangladesh Bank increases crawling peg rate by Tk 2

    The Bangladesh Bank (BB) has raised the crawling peg rate by Tk 2, bringing it from Tk 117 to Tk 119 in a move aimed at managing the dollar exchange rate. According to the central bank, an additional 2.5 per cent may be applied when purchasing foreign …

    Source: United News of Bangladesh - Label Pending
  • Published on Jan 1, 2025

    Bangladesh gets record $2.64 billion in remittances in December

    Bangladesh gets record $2.64 billion in remittances in December DHAKA, Jan 01, 2025 (BSS) - Expatriate Bangladeshis sent home a record US$2.64 billion as remittances in December, which was around 32 per cent higher than the corresponding month of the …

    Source: Bangladesh Sangsbad Sangstha - Label Pending
  • Published on Jan 1, 2025

    Bangladesh receives record $2.64 billion remittance in December

    Highlights: Record $2.64 billion received in remittances in December 2024 Previous highest  $2.59 billion received in July 2020 Nearly $27 billion received in 2024, reflecting a 22% year-on-year increase Demand for hundi decrease due to reduced money …

    Source: The Business Standard - Neutral
  • Published on Jan 1, 2025

    Bangladesh receives record-breaking remittance in Dec

    Bangladesh has witnessed a record-breaking remittance inflow in December 2024, with expatriates sending $2.63 billion, the highest ever in the country's history for a single month. On average, $85.1 million was remitted daily throughout December, …

    Source: United News of Bangladesh - Label Pending
  • Published on Jan 2, 2025

    LC margin lowered for motorcars import

    Thu Jan 2, 2025 07:17 PM Last update on: Thu Jan 2, 2025 07:26 PM The LC margin can be set up based on the banker-customer relationship Star Business Report Thu Jan 2, 2025 07:17 PM Last update on: Thu Jan 2, 2025 07:26 PM Bangladesh Bank lowered the cash …

    Source: Daily Star - Neutral
  • Published on 02:47 GMT

    After 22 years, UAE branches of defunct BCCI finally liquidated

    The UAE branches of Bank of Credit and Commerce International (BCCI) have been liquidated some 22 years after the fraud-hit lender was shut down in one of the biggest banking scandals of the time. The Central Bank yesterday issued a statement confirming …

    Source: The National News - Label Pending

03 days 21:12:28

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