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OBUs can now extend trade loans via ADs of other banks

FE REPORT | 2025-11-12 00:00:00

The Bangladesh Bank (BB) has amended the key provisions of its directive on Offshore Banking Units (OBUs) of scheduled banks, aiming to facilitate the country's foreign trade, officials say.On Tuesday, it issued a notification amending the OBU guidelines, originally released...

Prayer Timings (2025-11-12)

2025-11-12 00:00:00

Government to be held solely liable for any move beyond July Charter: BNP

FE REPORT | 2025-11-12 00:00:00

The Bangladesh Nationalist Party (BNP) has cautioned that any decision taken by the interim government beyond the scope of the July National Charter will be the government's sole liability.Addressing an emergency press briefing on Tuesday, BNP standing committee members said...

Elections only on July Charter legal framework, or movement

FE REPORT | 2025-11-12 00:00:00

No national elections in the country unless the legal foundation of the July National Charter is given, Bangladesh Jamaat-e-Islami warned Tuesday from a mass rally. From the Dhaka rally, Jamaat Ameer Dr Shafiqur Rahman asserted: "There will be no elections...

Leading mobile operators push for revision of terms

ISMAIL HOSSAIN | 2025-11-12 00:00:00

The country's three leading mobile operators -- Grameenphone, Robi Axiata and Banglalink -- have jointly urged the telecom regulator to revise the terms of the forthcoming 700 MHz spectrum auction, warning that the current framework could discourage investment and impede...

LC margin rules relaxed to ensure Ramadan supply stability

FE REPORT | 2025-11-12 00:00:00

Bangladesh Bank (BB) has eased the letter of credit (LC) margin requirements to ensure adequate supply and price stability of key essential commodities during the upcoming month of Ramadan.In a circular issued on Tuesday, the central bank instructed commercial banks...

ADB may lend $250m for bankrolling budget deficit

FHM HUMAYAN KABIR | 2025-11-12 00:00:00

Bangladesh expects US$250 million soon from the Asian Development Bank in credit for bankrolling budget-financing shortfall, officials say, as an ADB mission is now in Dhaka reviewing country position on financial front. "The budgetary support might be confirmed within a...

Regulatory maze chokes growth of agro-processing industry

FE REPORT | 2025-11-12 00:00:00

Bangladesh's agro-processing industry, one of the country's most promising growth sectors, is enmeshed in a web of regulatory tangles, costly testing requirements and weak coordination among government agencies, industry leaders say."Producers are forced to deal with multiple regulators to bring...

Russia foils Ukrainian-UK plot to hijack jet with missile

2025-11-12 00:00:00

MOSCOW, Nov 11 (AFP): Russia said Tuesday it had foiled an Anglo-Ukrainian plot to hijack a military jet carrying a hypersonic missile which they planned to take to Romania in a "large-scale provocation".Russia, which launched its full-scale offensive against Ukraine...

Thailand halts Cambodia ceasefire deal

2025-11-12 00:00:00

BANGKOK, Nov 11 (Reuters):Thailand said on Tuesday it was halting implementation of a ceasefire pact with Cambodia a day after a landmine blast maimed a Thai soldier, posing the biggest test for a truce brokered by U.S. President Donald Trump.The...

Suicide bombing kills 12 in Islamabad

2025-11-12 00:00:00

ISLAMABAD, Nov 11 (BBC/AFP): A suicide attack outside a court in Pakistan's capital Islamabad has killed 12 people and injured at least 27 more, the country's interior minister said.Mohsin Naqvi said a bomber was planning to attack the district courthouse...

COP30 highlights growing need of countries for resilience to storms, flood and fires

2025-11-12 00:00:00

BELEM, Nov 11 (Reuters): With typhoons tearing across Southeast Asia this week while areas of Jamaica and Brazil are still clearing debris from damaging storms, delegates at Brazil's COP30 summit began grappling with how best to help the vulnerable withstand...

NRBC Bank holds Shariah Supervisory Committee meeting

2025-11-12 00:00:00

NRBC Bank PLC has recently arranged a meeting of the Shariah Supervisory Committee of its Al-Amin Islamic Banking Window at the bank's head office. The meeting was presided over by Sayed Mohammad Mosaddek Billah Al-Madani, Chairman of the Shariah Supervisory...

Community Bank Bangladesh holds 70th board meeting

2025-11-12 00:00:00

The 70th board meeting of Community Bank Bangladesh PLC. was held at the Police Headquarters on Monday. The meeting was chaired by Baharul Alam, Inspector General of Police and Chairman of Community Bank Bangladesh. AKM Shahidur Rahman, Director General, Rapid...

UK unemployment jumps to 5pc before key govt budget

2025-11-12 00:00:00

LONDON, Nov 11 (AFP) : Britain's unemployment rate rose more than expected to five percent in the third quarter, the highest level since early 2021, official data showed Tuesday ahead of a key UK government budget.The rate increased from 4.7...

Call for national framework to promote green finance

2025-11-12 00:00:00

Policymakers and development specialists urged on Tuesday the adoption of a national framework on green inclusive finance to simultaneously promote financial inclusion and climate resilience among poor and low-income populations in Bangladesh, reports UNB.They made the call at a discussion...

Japanese buyers keen to source high-value apparel from BD

2025-11-12 00:00:00

Japanese buyers have expressed strong interest in increasing their import of high-value and fashionable apparel from Bangladesh.A visiting delegation from Japan Textile Importers' Association (JTIA) expressed the interest during a meeting with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in...

Nat’l port strategy to take effect in Jan: Sakhawat

2025-11-12 00:00:00

The government is set to implement the National Port Strategy from January next year to ensure long-term and sustainable development of the country's land, river, and sea ports, said Shipping Adviser Brig Gen (retd) Dr M Sakhawat Hussain on Tuesday,...

4 accolades grabbed by bKash at Bangladesh Fintech Award

2025-11-12 00:00:00

Mobile financial service provider, bKash, has won 4 awards at the "Bangladesh Fintech Award 2025" for its contribution to ensuring digital financial inclusion and securing transactions through providing innovative technologies and solutions. This year, in the 3rd edition of the...

Greater collaboration, inclusive policy needed

FE REPORT | 2025-11-12 00:00:00

Discussants at a conference have called for strengthening cross-sector collaboration, making inclusive employment policy and promoting advocacy to ensure equitable participation for persons with disabilities.BRAC Bank, in collaboration with the Bangladesh Business and Disability Network (BBDN), hosted the conference titled...

Global securities watchdog says 'tokenization' creates new risks

2025-11-12 00:00:00

PARIS, Nov 11 (Reuters): Crypto tokens linked to mainstream financial assets could create new risks for investors, the global securities regulator IOSCO said in a report on Tuesday, as the finance industry remains split on the merits of "tokenization".Tokenization -...

IPDC welcomes 12 young talents thru' trainee programme

2025-11-12 00:00:00

IPDC Finance PLC welcomes 12 exceptional young professionals into its flagship Management Trainee Programme, "The Unbounders," marking another milestone in the organisation's mission to develop future leaders for Bangladesh's financial sector. The induction ceremony was held at the IPDC head...

NCC Bank, Department of Youth Development to Support Young Entrepreneurs

2025-11-12 00:00:00

NCC Bank MD M. Shamsul Arefin and DYD Director General Dr. Gazi Md. Saifuzzaman signed a Memorandum of Understanding to provide SME loan facilities to trained youth, aiming to foster self-reliance, generate employment, and drive sustainable economic growth.

Prime Bank Signs Cash Management Agreement with SMC Enterprise

2025-11-12 00:00:00

Prime Bank, led by CEO Hassan O. Rashid, has partnered with SMC Enterprise Ltd., represented by MD Sayef Nasir, to provide comprehensive cash management solutions through its omni-digital platform PrimePay, enabling secure nationwide payments, collections, and enhanced MIS reporting.

Mutual Trust Bank Holds BM & BAMLCO Conference 2025 with BFIU Leadership

2025-11-12 00:00:00

Mutual Trust Bank organised its Branch Manager and Branch Anti Money Laundering Compliance Officer Conference on November 8, attended by top executives including MD & CEO Syed Mahbubur Rahman, Executive Director of BFIU Md. Mofizur Rahman Khan Chowdhury, and senior...

BGFCL supplies 22 mmcfd of additional gas to national grid

2025-11-12 00:00:00

Bangladesh Gas Fields Company Limited (BGFCL), the largest natural gas production company under Petrobangla, is currently producing an average of 458 million cubic feet of gas per day (mmcfd), which accounts for approximately 26 per cent of the country's total...

BD, Malaysia vow deeper trade, investment cooperation

2025-11-12 00:00:00

Bangladesh and Malaysia have expressed confidence that continued collaboration will further strengthen bilateral relations and bring meaningful benefits for both nations, particularly through enhanced trade, investment, and industrial partnerships, reports UNB.Bangladesh High Commissioner to Malaysia Manjurul Karim Khan Chowdhury held...

Daffodil Computers to convert loan into equity to reduce finance cost

FE Report | 2025-11-12 00:00:00

Daffodil Computers has decided to increase the Daffodil Group'sstake in it by converting a loan into equity instead of repaying it in cash.The founder of Daffodil Group, Md. Sabur Khantold The Financial Express that Daffodil Computers currently does not have...

Ethics, trust, and inclusive growth define Midland Bank's journey

SHIABUR RAHMAN | 2025-11-12 00:00:00

Midland Bank PLC, a fourth-generation bank in Bangladesh, has attained steady progress through prudent management, ethical values, digital innovation, and a focus on inclusive growth. In an exclusive interview with The Financial Express, the bank's Managing Director and CEO, Md...

ICB sees Tk 12b frozen in failed banks, NBFIs

MOHAMMAD MUFAZZAL | 2025-11-12 00:00:00

The Investment Corporation of Bangladesh (ICB) is facing a heavy loss of more than Tk 12.05 billion as it has been unable to recover any of the money invested in fixed deposit receipts (FDRs) with 12 troubled financial institutions.Of the...