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Bangladesh Banking Industry Newswire

  • Published on Dec 31, 2024

    Bangladesh business leaders optimistic for 2025 amid political uncertainty, says EIB survey

    Image Courtesy: https://www.tbsnews.net/ Bangladesh’s business leaders are expressing optimism about potential growth in 2025, contingent on controlling inflation and successful banking reforms. However, concerns about political stability and …

    Source: Apparel Resources - Label Pending
  • Published on Dec 31, 2024

    Why no eyes on Hindus of Bangladesh?

    Why isn’t the plight of Hindus important enough for Hollywood and Bollywood celebrities to show solidarity and support for? The way they do for Rafah, Gaza? Is the life of the Hindu in Bangladesh any less substantial than the lives of Muslims in Gaza? The …

    Source: Firstpost - Center-right
  • Published on Jan 3, 2025

    Inflation-driven REER rise dents trade competitiveness

    Bangladesh's currency gets overvalued driven by higher domestic inflation compared to its trading economies with the prospect of export and remittance losing out, economists and businesspeople say. Export and remittance are then two wellheads of …

    Source: The Financial Express Bangladesh - Pro-Government
  • Published on Jan 4, 2025

    BTCL is meant for telecom business, but it now survives on its FDR

    Summary: TCL's net profit surged to Tk67 crore in FY24. Profit primarily driven by Tk2,200 crore in fixed deposits. Operating loss of Tk132 crore due to high expenses. Administrative costs hit Tk400 crore, including Tk299 crore in salaries. IGW and …

    Source: The Business Standard - Neutral
  • Published on Jan 4, 2025

    Meet the 10 world leaders to watch in 2025

    Donald Trump says “tariff” is the most beautiful word in the English language. But he is not letting on how complicated the process really is.  To enact the across-the-board 20 per cent tariff he has in mind, he will likely need to declare a national …

    Source: The Straits Times - Pro-Government
  • 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 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 Jan 3, 2025

    Sree Narayana Guru, Chabahar Port and 44th Constitutional Amendment Act

    Iran minister in Delhi for talks to boost ties, trade via Chabahar Syllabus: Preliminary Examination: Current events of national and international importance. Mains Examination: General Studies II: Bilateral, regional and global groupings and agreements …

    Source: The Indian Express - Center-left
  • Published on Jan 3, 2025

    Sonali Bank posts record Tk56.34b operating profit

    Despite an economic slowdown in the past calendar year, state-owned Sonali Bank PLC has registered an operating profit of Tk 56.34 billion, the highest in its history. The profit has surged by Tk 17.88 billion from the previous year's profit of Tk 38. …

    Source: The Financial Express Bangladesh - Pro-Government
  • Published on Jan 2, 2025

    SAFA appoints new president and vice-president 

    South Asian Federation of Accountants (SAFA) has appointed Ashfaq Yousuf Tola as its new president.  Tola is a past president of the Institute of Chartered Accountants of Pakistan (ICAP).  Tola’s career spans more than three decades. He brings to the …

    Source: The Accountant - Label Pending
  • Published on Jan 2, 2025

    Al-Arafah Islami Bank opens ‘Retail Business Hub’ in Ctg

    Thu Jan 2, 2025 08:33 PM Last update on: Thu Jan 2, 2025 08:58 PM Star Business Desk Thu Jan 2, 2025 08:33 PM Last update on: Thu Jan 2, 2025 08:58 PM Al-Arafah Islami Bank (AIB) PLC has launched a "Retail Business Hub" at Jamalkhan branch in …

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

    BRAC Bank opens client service unit for international trade

    Thu Jan 2, 2025 08:32 PM Last update on: Thu Jan 2, 2025 08:54 PM Star Business Desk Thu Jan 2, 2025 08:32 PM Last update on: Thu Jan 2, 2025 08:54 PM BRAC Bank has opened a dedicated client service unit in a bid to facilitate international trade for its …

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

    Remittance hit all-time high in 2024

    Expatriate Bangladeshis sent home a record $26.9 billion, up 23 percent year-on-year, in a development that will bring a huge sigh of relief to policymakers as they endeavour to shore up strained dollar stockpile. The inflows saw a spike after the fall of …

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

    No bar on suing Nagad as new law takes effect

    The Bangladesh Bank can now take legal action against mobile financial service (MFS) provider Nagad Limited over alleged irregularities as the Payment and Settlement System Act, 2024 came into effect yesterday. The Financial Institutions Division of the …

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

    Sri Lanka’s key consumer price index fell 1.7% in Dec

    Sri Lanka's consumer price index fell 1.7 percent year-on-year in December after dropping 2.1 percent in the previous month, the statistics department said on Tuesday. The Colombo Consumer Price Index, a leading indicator for broader national prices, …

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

    Gold emerges as an attractive investment tool as prices jump

    Throughout 2024, gold seemingly became synonymous with price hikes amid economic turbulence, a weakening taka and plummeting interest rates on savings tools, making the precious metal a safe bet for middle and upper-middle-income people, according to …

    Source: Daily Star - Neutral
  • Published on Jan 3, 2025

    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
  • Published on Jan 2, 2025

    Nov pvt sector credit growth declines

    The private-sector credit growth fell significantly in November 2024 mainly due to a lower demand for loans, particularly for trade financing, amid ongoing uncertainties along with higher interest rates on lending, bankers say. The growth in credit flow to …

    Source: The Financial Express Bangladesh - Pro-Government

01 days 18:35:59

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