Bangladesh’s foreign exchange reserves have once again fallen, dipping below $31 billion after the central bank cleared outstanding import bills under the Asian Clearing Union (ACU). The Bangladesh Bank confirmed on Sunday that reserves stood at $30.30 billion following the settlement of $1.5 billion in ACU bills for July and August. Under the International Monetary ...more

In a major move aimed at boosting competition and investment in Bangladesh’s mobile financial services (MFS) sector, Bangladesh Bank Governor Ahsan H. Mansur announced that Nagad, currently operated under the Postal Department, will be transferred to the private sector. A formal notice seeking strategic investors is expected to be issued within the next week.The announcement ...more

The China-Bangladesh Friendship Center (CBFC) has elected a new leadership team for the 2025–2027 term, following its Sixth Annual General Meeting held online via Zoom on Friday night.In accordance with CBFC’s election procedures, members appointed Dr. Fakhrul Islam Babu as President and Ms. Chen Qiuhua (Roseanne) as General Secretary. Two long-serving contributors, Mr. Mohammad Kamrul ...more

A motivational training program was held on Monday, organised by the Feni Sales Team of Sonali Life Insurance Company Limited.  The programme was initiated by the company’s Deputy Managing Director, Anwar Hossain, with the main goal of improving the skills, professional growth, and morale of field staff.The event’s chief guest was the Acting Chief Executive ...more

As the interim government marks its first anniversary in power, concerns about the country's economic trajectory are mounting. Despite promises to stabilize the political environment and reassure businesses, key economic indicators show that private investment has slowed sharply over the past year.Economists, industry leaders, and policymakers are sounding the alarm: unless urgent measures are taken ...more

In a decisive move against tax evasion, the Income Tax Intelligence and Investigation Unit (ITIIU) has launched an extensive probe into 150 high-profile individuals, including government engineers, judges, and passport officers, who are suspected of concealing income and assets to avoid paying taxes. The crackdown reflects the government’s intensified efforts over recent years to tackle ...more

MHR Education, a new Language Centre and Visa  Consultancy firm, was officially inaugurated on July 18 at their office located  at Tropical Maanoo Tower, adjacent to Gulshan-Badda Link Road in Dhaka. The opening ceremony was graced by the company's CEO, Mahmudul Hasan  Hridoy. Distinguished international guests included renowned Chinese  businessman Zhang Mu and German entrepreneur Maximilian. Many other notable figures from ...more

Johannes Zutt, the newly appointed World Bank Vice President for South Asia, has expressed strong support for Bangladesh's inclusive growth and appreciated Chief Adviser Professor Muhammad Yunus for the Interim Government's reform agenda in the economic sector.Zutt, accompanied by World Bank's new Division Director for Bangladesh and Bhutan Jean Pesme, called on Chief Adviser Professor ...more

British businesses are showing growing interest in investing in Bangladesh, driven by expanding trade ties and opportunities in sectors like renewable energy, technology, and infrastructure. In an exclusive interview, Bangladesh’s High Commissioner to the United Kingdom, Abida Islam, highlighted the deepening economic partnership between the two countries, alongside new initiatives aimed at attracting UK investment ...more

Despite bold promises of digital financial services, agent banking, and rural outreach, the dream of financial inclusion in Bangladesh is faltering. Rural communities-once seen as the engine for inclusive growth-are now facing a reversal in access to credit, threatening both livelihoods and long-term economic development.According to the latest data from Bangladesh Bank, non-farm rural credit ...more