BB allows AD banks to help biz avert interest rate risk
The Bangladesh Bank (BB) has taken a significant step toward strengthening interest-rate-risk management in trade finance by allowing the use of Forward Rate Agreements (FRAs) for imports under suppliers' and buyers' credits.Under the latest initiative, authorised dealer (AD) banks are now allowed to offer FRAs to importers availing foreign-currency import...
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Govt's bank borrowing overshoots revised higher target in FY'26
Government's bank-borrowing debt deepens as the borrowed aggregate sum ballooned over the revised higher target to Tk 1.32 trillion even before the just-past financial year's end.To meet budgetary shortfall, the government had initially set a bank-borrowing target of Tk 1.04 trillion for the fiscal year 2025-2026 but less-than-expected level of...
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China won't oppose if India opts to join
China keeps option open for India to join the proposed China-Myanmar-Bangladesh Economic Corridor if it wants to, Chinese Ambassador in Dhaka Yao Wen indicates.China will not oppose such move. "We are open. We welcome other countries if they are ready. Definitely. But it is up to them to make that...
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Islami Bank loses remittance crown to BKB
The latest chaos at Islami Bank Bangladesh PLC over the control of its operational board hit the Shariah-based bank hard, with it losing its supremacy in remittance netting to state-owned Bangladesh Krishi Bank (BKB).The weeks-long recent agitation by a group of people, who claimed to be customers of the country's...
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Tail-end upturn keeps exports afloat
The country's merchandise export earnings in June 2026 bounced back, posting about 26 per cent growth year-on-year after almost a continuous decline until May of the last fiscal year.However, the June performance failed to take overall earnings into the positive territory which recorded a meager 0.58 per cent negative growth...
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HSC exams begin amid 36pc dropout
The Higher Secondary Certificate (HSC) and equivalent examinations began across the country on Thursday, with around 36 per cent of regular students skipping the same.Notable rise in absentee students from last year has aroused fresh concerns.A total of 1.27 million regular and irregular candidates are appearing in this year's HSC...
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BERC cuts LPG, autogas prices for July
Bangladesh Energy Regulatory Commission (BERC) has significantly reduced the prices of liquefied petroleum gas (LPG) and autogas for consumers for the month of July.According to the new decision, the price of privately supplied 12kg LPG cylinders has been cut by Tk 357, or 18.93 per cent to Tk 1,528 from...
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FIFA WC 2026 Schedule_2026-07-03
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Prayer Timings_2026-07-03
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