Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
Governments in West Africa have laws requiring environmental impact studies before approving large development projects. But no one requires developers and local officials to consider the risk of spillover, let alone change their plans considering the potential for deadly outbreaks. A growing number of advisors are urging governments to take outbreak risk into account. The […]
The country’s foreign exchange reserves declined from $30.98 billion to $29.8 billion on Monday after paying $1.18 billion to the ACU. The country’s reserves swelled during the time of the COVID-19 pandemic as migrant workers started remitting their income through legal channels. As a result, the reserves reached a record $48 billion in August 2021. […]
However, the organization also pointed to some challenges. These are: persistent inflationary pressures, increased volatility of global financial conditions, and aggravation of recession in major trading partners. The visit of the IMF team, led by Rahul Anand, the head of the organisation’s Asia and Pacific region, began on 26 April. Over 12 days, the team […]
According to the letter sent by IMF Resident Representative Jayendu Dey to the Commerce Secretary regarding the convening of the meeting, the agenda of the meeting was update on customs policy making, impact of trade agreements and agreements on tariff rates, digitization of customs administration. and technical assistance in the implementation of these programmes. According […]
Last year, the same amount of foreign exchange was allowed for the pilgrims. Bangladesh Bank has given this instruction in the light of a decision of the Ministry of Religious Affairs. According to the circular, every Haj pilgrim can take $1,200 or its equivalent in foreign currency over and above the total cost of Haj. […]
Ahsan H Mansoor, former IMF official and executive director of the Policy Research Institute (PRI), said, “I am assuming that some dollars will come in the next two months. But the government must stop selling dollars altogether to keep reserves within the IMF’s June target. He said that the deficit is not that small and […]
According to the UK-based World Gold Council, Bangladesh is ranked 66th in the global index of gold reserves, with 14 tonnes of gold reserves in its central bank vaults. The gold industry watchdog council said the United States has the largest gold reserves in the world with 8,133.50 tonnes, followed by Germany and Italy with […]
Maia Santos Deguito was directly involved in money-laundering as manager of the Makati branch of the RCBC. Although the bulk of the money stolen from the Bibi Reserve was transferred to the Philippines, about $20 million was sent to Sri Lanka. Bangladesh later recovered that $20 million from Sri Lanka. However, most of the money […]
As per the circular, branches and sub-branches of scheduled banks located in Dhaka, Ashulia, Tongi, Ghazipur, Savar, Bhaluka, Narayanganj and Chattogram will remain open on a limited scale for a specified period. Customers will be able to do banking tomorrow from 9.30 am to 1 pm. The banking timings on April 21 will be between […]
Bangladesh Bank (BB) has approved Bangladeshi airlines and shipping companies to open foreign currency accounts, UNB reports. These shipping and airline companies are expanding their services abroad and earning foreign exchange. The central bank said in an announcement on Tuesday that companies can meet essential expenses from these accounts.
The Dhaka Chamber of Commerce and Industry (DCCI) on Sunday requested Bangladesh Bank to extend support for the Bangabazar fire victims, noting that thousands of small and micro businesses in the Bangabazar clothing market lost all their goods and valuables in the devastating fire. Along with this, they have lost their shops, due to which […]
Hackers stole $101m from BB’s accounts at the Federal Reserve Bank of New York on 5 February 2016. Later, BB was able to retrieve about $15 million from the Philippines after it had been moved there by the hackers. Bangladesh Bank Deputy Director (Accounts and Budget) Zobair Bin Huda filed a case at Motijheel police […]
However, banks that have sufficient liquid assets or a stable funding structure will be able to tide over the issue. The agency said that weaker banks with fewer government securities would find it difficult to access funds from the interbank market. Although banks can fill this liquidity crunch through lending, the cost of such funds […]
National Bank Managing Director Mahmood Hussain confirmed that he has received the central bank’s letter and is working on it. ‘We have received a letter in this regard. The reply will be given within the stipulated time,” he said. The proposal for renewal of loan in favor of Infratech Construction was placed before the 475th […]
