Experts at a workshop on the monetary policy statement warned that deep-rooted governance failures, a surge in non-performing loans (NPLs) and weak policy coordination have emerged as major threats to stability of Bangladesh's banking sector. They revealed that the actual NPL ratio has climbed to
A new floating storage and re-gasification unit (FSRU) with a capacity to re-gasify around 600 million cubic feet per day (mmcfd) of liquefied gas is planned to feed economy's growing fuel demand. Officials say foreign firms are queuing up to build the floating LNG-conversion plant at Kutubjom of
A surge in election-related spending in recent months appears to have provided a short-term boost to value-added tax (VAT) collection, with January 2026 revenue standing Tk 30 billion above the July-December monthly average. Provisional data suggest campaign-driven economic activity injected liqui
Building an authentic database as a direct digital communication backbone gets underway as the government prepares to launch the pledged Smart Farmer Card to deliver multiple agriculture-boosting incentives. Officials say ensuring transparency and identifying genuine beneficiaries will be the key
The issues of reciprocal tariffs imposed by the United States and the related trade agreement are still evolving, Commerce Minister Khandaker Abdul Muktadir has said, noting that the government will review them further before making any decision. He made the remarks on Wednesday in the context of
Bangladesh Bank passed a tumultuous day Wednesday amid protests and unusual exit of the central bank's top brass that badly impacted regular operations of the banking regulator. Amid the standoff, press conference by the governor and demonstrations by officers on allegations and counter-allegation
The stock market watchdog has launched an inquiry into the auditing firm, Shiraz Khan Basak & Co., to determine its culpability following the detection of grave irregularities in the pre-IPO financial statements of ACME Pesticides, which were audited by the firm. A primary investigation conducted
The Central Depository Bangladesh Ltd. (CDBL) is set to take on the role of custodian of mutual funds (MFs) in a move aimed at expanding its portfolio and playing a supportive role in the MF industry. The company, which has so far provided only depository services, will apply for the licence requi
A 14-year-old schoolgirl has been hacked to death in Dhaka’s Rayerbazar. The attack took place outside her home around 9pm on Wednesday. Her relatives took her to Dhaka Medical College Hospital (DMCH) around 10:15pm, where doctors declared her dead. The victim Shahriar Sharmin Binti was th
A magnitude 5.1 earthquake in Myanmar have shaken Dhaka and several other parts of Bangladesh. The tremor struck at 10:51pm on Wednesday, according to the Bangladesh Meteorological Department’s earthquake monitoring centre. Assistant Meteorologist Farzana Sultana said the epicentre was in M
In an abrupt shakeup in the central bank's top echelon, the new government Wednesday appointed accountant-businessman Md. Mostaqur Rahman as new governor of the Bangladesh Bank (BB). Dr Ahsan H. Mansur made an unceremonious exit as the government terminated his job contract as governor, amid
The outcome of the February 12 general election, according to the British-American Ratings agency Fitch Ratings, has assuaged to a large degree the growing political and policy uncertainties during the last leg of the interim government. A turnaround in the political arena marked by the Bangladesh
