The government has approved the purchase of 50,000 tons of non-basmati boiled rice from Singapore, with a total expenditure of 21.643 crore taka. The rice will be procured through an international open tender. On Monday (24 November), the proposal was approved during a meeting of the Government Procurement Advisory Council Committee, held at the Cabinet […]

The banking sector in Bangladesh is facing a massive surge in excess liquidity, reaching an alarming Tk 3.06 lakh crore in August 2025, marking a 75% increase compared to the same time last year. This surge reflects a shift in banking practices as financial institutions become increasingly hesitant to lend, driven by rising defaults, sluggish […]

On 23 November, the government of Bangladesh officially approved the Deposit Protection Ordinance, 2025, a landmark law aimed at ensuring economic stability and protecting depositors’ interests. This new ordinance is set to play a crucial role in safeguarding the financial assets of depositors within the country, especially in the case of bank liquidations. The draft […]

Bangladesh’s payment ecosystem saw remarkable growth and structural transformation throughout 2024, driven by rising digital adoption, major technological advancements, and stronger regulatory oversight, according to the latest Payment Systems Report by Bangladesh Bank (BB). The report, covering January to December 2024, highlights significant trends across retail, large-value, digital, and paper-based transactions. It also explores global […]

Bangladesh Bank (BB) Governor Dr. Ahsan H Mansur has announced that the country is expected to fully implement payment interoperability across its financial system by July 2027. This will mark a significant step towards a cashless or less-cash society, streamlining payments and increasing financial inclusion. In pursuit of this goal, the central bank has signed […]

Bangladesh has received a total of $2.13 billion in remittances during the first 22 days of November 2023, as per the latest figures released by the Bangladesh Bank. This massive inflow further strengthens the country’s foreign exchange reserves and highlights the growing importance of remittances to the national economy. The influx of remittances in the […]

Community Bank Bangladesh PLC and May International Trade Services Ltd have officially signed a Memorandum of Understanding (MoU) at the former’s head office. The agreement outlines the joint implementation of a Global Trade Intelligence Platform. This is a significant move towards improving trade compliance and streamlining international business operations, according to a press release. The […]

The yields on treasury bills (T-bills) followed a mixed trend this Sunday, as banks appeared hesitant to invest their surplus liquidity into risk-free government securities. This cautious approach comes ahead of the year-end financial closing on December 31, a time when banks traditionally review their positions. According to auction results, the cut-off yield — often […]