Bangladesh

Bangladesh’s Deposits in Swiss Banks Drop by 68 Percent in 2023 Compared to 2022 Special Correspondent: The trend of Bangladeshi citizens depositing money in Swiss banks has seen a significant decline. Recent statistics released by the Swiss National Bank (SNB) reveal that the total amount held by Bangladeshi entities in…

Despite huge profit Zarif Mahmud: Bangladesh Petroleum Corporation (BPC) may make a loss of over Tk 10,000 crore in the current financial year, as projected during the formulation of the budget. However, the Ministry of Finance said that the company will have a net profit of more than Tk 3,800…

Special Correspondent: Bangladesh is home to a diverse array of snakes, with estimates ranging from 80 to over 100 species. These species are distributed across different regions based on geographical and environmental conditions. Recently, there has been a noticeable rise in sightings of venomous snakes, particularly Russell’s vipers, across the…

Staff Correspondent: The election manifesto given by Awami League in the twelfth parliamentary elections before the formation of the government for the fourth consecutive term, emphasized the ‘zero tolerance policy against corruption’. After the implementation of ‘Digital Bangladesh’ under the leadership of Sheikh Hasina, the daughter of the father of…

Staff Correspondent: The International Monetary Fund (IMF) has recommended strengthening the regulatory framework in the financial sector and accelerating reforms to ensure good governance. At the same time, transparency should be increased in the preparation of credit reports of the country’s financial sector in line with international best practices. In…

Asifiqbal Thakoor, Delhi: Bangladesh and India have signed a memorandum of understanding to facilitate and improve connectivity with the northeastern states of India using Bangladesh’s railways. The neighboring country is going to take this opportunity due to its geographical location. If they get such an opportunity, Bangladesh will benefit –…

Staff Correspondent: The International Monetary Fund (IMF) has welcomed Bangladesh for progress in creating a roadmap to reduce the non-performing loans (NPLs).“Priorities should focus on reducing NPLs, implementing risk-based supervision, and enhancing corporate governance. In this context, we welcome the authorities’ progress in creating a roadmap to reduce NPLs, but…

Zarif Mahmud: At the end of last April, Bangladesh’s net international reserve (NIR) fell to $12.8 billion according to the International Monetary Fund’s (IMF) Balance of Payments or BPM-6 system. At the end of June 2023 which was $19.56 billion. According to that, the net reserve decreased by $6.76 billion…

Staff Correspondent: Garment export to the European Union (EU) rose by 2 percent year-on-year to $21.64 billion in the July-May period of the current fiscal year.Shipments to Spain, France, Netherlands, Poland and Denmark grew by 6.23 percent, 1.02 percent, 16.27 percent, 17.28 percent and 26.96 percent respectively.On the other hand,…