BB plans to assess asset quality of weak banks before restructuring
Restructuring and recapitalisation of weakened banks are in a bailout package being mulled by the regulator as financial health of many public-and private-sector lenders deteriorated following wanton plunder in the recent past, officials said. Before applying the remedy, the asset quality and business viability of the banks will be assessed...
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CA seeks Malaysian support for BD to become ASEAN dialogue partner
Chief Adviser of the interim government Professor Muhammad Yunus Friday sought Malaysia's support for Bangladesh to become a sectoral dialogue partner of the Association of Southeast Asian Nations (ASEAN), besides cooperation in trade and manpower employment."We congratulate Malaysia's upcoming chairmanship of ASEAN in 2025. We discussed the issue of Bangladesh's...
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Central bank stops dollar sale, banks sourcing forex from interbank market
A major policy shift significantly squeezes foreign-currency feeding to the commercial banks by the central bank as a sure-fire measure to protect the country's fast-depleting foreign exchange (forex) reserves, bankers said. And the change in the strategy of Bangladesh Bank (BB), the country's central bank, is not only helping reduce...
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Govt toughens stance on land acquisition project
The interim government has toughened its stand on a land acquisition project of the Roads and Highways Division (RHD) because of its bloated cost estimations, faulty design and long delays, officials said on Thursday.Even after extending the project, the execution time for three more years up to June 2023 from...
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Prayer Timings (2024-10-05)
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Briefing 2024-10-05
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