Fri, 22 Nov 2024, 10:18 pm
Economy

BB orders freezing of PM’s former assistant’s accounts

Bangladesh Bank on Sunday ordered the freezing of bank accounts belonging to Prime Minister Sheikh Hasina’s former personal assistant Jahangir Alam, his wife Kamrun Nahar and institutions associated with the

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Reserves fall to $20.46 billion after ACU payment

Bangladesh’s foreign exchange reserves fell below $21 billion after the payment of $1.42 billion in import bills through the Asian Clearing Union (ACU). The ACU payments for May and June

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Bank Asia begins acquisition of Bank Alfalah’s Bangladesh operations

Bank Asia has commenced the process of acquiring the Bangladesh operations of Pakistan-based Bank Alfalah. This marks the third foreign bank acquisition by Bank Asia.   In 2001, Bank Asia

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Cash outside banks rises for 7th straight month

The amount of cash held outside the country’s banks increased for the seventh consecutive month in May amid low confidence of depositors in the banking sector and high inflationary pressures.

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Onion prices up by Tk 30 per kg in a week

The prices of local varieties of onion reached between Tk 110 and Tk 120 per kg in the kitchen markets of Dhaka on Saturday from Tk 90 to Tk 97

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Trade deficit rises to $18.69b in 10 months

The country’s trade deficit expanded to $18.69 billion in July-April of the 2023-24 financial year compared with that of $4.74 billion in July-March of FY24, according to Bangladesh Bank data.

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Dollar crunch compels BB to sell $12.8b to banks in FY24

The Bangladesh Bank sold $12.8 billion from its foreign exchange reserves to banks in the just concluded financial year 2023-24 amid a severe dollar crisis in the country’s financial sector.

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LPG price readjusted upward to Tk1,366 per kg for July

The government has readjusted the price of Liquefied Petroleum Gas (LPG) upward and now a 12 kilogram (Kg) LPG cylinder will be sold to the consumers at Tk 1,366 instead

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Govt debt repayment grows

The government debt repayment to creditors in the first 11 months of the outgoing FY24 surged to $3.06 billion while the disbursement of loan from foreign sources has almost remained

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Excess liquidity of Islamic banks plunges by 77pc

Excess liquidity of Shariah-based banks in Bangladesh plummeted by 77 per cent in March 2024 compared with that in December 2023, driven by a confidence crisis of depositors. According to

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