The administrator appointed to oversee Social Islami Bank PLC has been withdrawn, marking the second such move involving a troubled bank after the withdrawal of an administrator from EXIM Bank. The development was confirmed on Thursday, 6 August, by Moniruzzaman, a senior vice-president of Social Islami Bank. According to Moniruzzaman, the decision to remove the […]

With more than 10 million Bangladeshis living and working overseas and the country’s international trade continuing to expand, foreign currency exchange rates remain a key concern for both individuals and businesses. Every day, remittance earners, importers, exporters, students studying abroad and international travellers monitor exchange rates to estimate transaction costs and financial returns. On Thursday, […]

Bangladesh and South Korea have concluded negotiations on a proposed Comprehensive Economic Partnership Agreement (CEPA), a move expected to deepen bilateral trade, widen market access and create fresh opportunities for investment between the two countries. Under the proposed agreement, around 97 per cent of Bangladeshi goods will receive preferential tariff treatment in the South Korean […]

Bangladesh Bank Governor Md Mostakur Rahman has raised concerns over persistent weaknesses in the cybersecurity systems of the country’s commercial banks, warning that the vulnerabilities remain a source of ongoing anxiety for the central bank. Speaking at an event organised by the Ministry of Posts, Telecommunications and Information Technology on Tuesday, 4 August, the governor […]

Foreign exchange rates remain a key financial indicator for Bangladesh, where remittances, international trade, imports and exports, overseas investment, education and travel all depend on movements in global currencies. For millions of Bangladeshis with family members working abroad, currency rates are also closely linked to the value of money sent home. According to the exchange […]

Bangladesh’s foreign exchange reserves have risen again, with the country’s gross reserves reaching nearly US$36.47 billion, according to the latest data released by Bangladesh Bank. The latest figure, reported on Monday (2 August), puts the country’s total gross foreign exchange reserves at US$36,469.94 million, equivalent to approximately US$36.47 billion. The information was also confirmed by […]