October 20, 2026

Fuel Import LCs Surge by 63% in First Quarter of FY27

Dhaka:Letters of credit (LCs) for importing petroleum and petroleum products in Bangladesh surged by approximately 63 percent year-on-year, reaching US$3.7 billion in the first quarter of the current fiscal year (FY27). This increase has been attribut…

bangladeshnewsgazette.com 2026-10-20 00:00:00

Dhaka:The Bangladesh Financial Intelligence Unit (BFIU) has issued a directive to all life and non-life insurance companies in the country to enhance their anti-money laundering and counter-terrorist financing (AML/CFT) compliance. This directive incl…

Fuel Import LCs Surge 63 Percent in First Quarter of FY27

Dhaka:Letters of credit (LCs) for importing petroleum and petroleum products in Bangladesh rose by approximately 63 percent year-on-year to $3.7 billion in the first quarter of the current fiscal year (FY27). This increase comes as the Middle East con…

BFIU Directs Insurance Companies to Enhance AML-CFT Compliance

Dhaka:The Bangladesh Financial Intelligence Unit (BFIU) has mandated all life and non-life insurance companies in the country to enhance their anti-money laundering and counter-terrorist financing (AML/CFT) compliance. This directive includes conducti…

Bangladesh Encourages Chinese Banks to Establish Operations

Beijing:Bangladesh has called on major Chinese banks to set up operations within its borders to enhance financial connectivity, facilitate trade financing, and support Chinese investments in the country.

According to Bangladesh Sangbad Sangstha, the…

Card Issuance Nearly Doubles in Five Years in Bangladesh

Accra:The number of debit, credit, and prepaid cards in Bangladesh has nearly doubled over the past five years, indicating a significant shift towards electronic payments in the country. The total transaction value through these cards has more than do…