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…
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…
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…
Accra:The Cabinet Committee on Government Purchase (CCGP) has approved two proposals to procure a total of 70,000 tonnes of urea fertilizer at a cost of Taka 364.55 crore to meet agricultural demands.
According to Bangladesh Sangbad Sangstha, the ap…
Accra:The Bangladesh Securities and Exchange Commission (BSEC) has issued a warning to investors regarding misleading social media posts that falsely attribute comments on share price declines to its chairman. The commission is urging all parties to v…
Accra:A decision on Bangladesh’s request to delay its graduation from the least developed country (LDC) category by three years is expected by the end of October, according to Commerce Minister Khandakar Abdul Muktadir.
According to Bangladesh Sangb…
Accra:A new approach using locally available rice husk and husk powder could revolutionize the treatment of textile wastewater by replacing expensive de-colouring agents. This development is expected to make the process more affordable and environment…
Mirpur:Weak credit appraisal, governance deficiencies, and delayed recognition of bad loans are significant factors behind Bangladesh’s ongoing non-performing loan (NPL) issues, as highlighted in a study by the Bangladesh Institute of Bank Management …
Narayanganj:Customs officials have seized a substantial amount of yarn valued at approximately Tk 3.20 crore from an unregistered warehouse in the city. The operation was carried out by the Customs, Excise and VAT Commissionerate in Narayanganj early …