Rejaul Karim Byron

The five banks slated for consolidation are First Security Islami Bank, Union Bank, Global Islami Bank, Social Islami Bank and Exim Bank.

Bangladesh now has the highest non-performing loan (NPL) ratio in Asia, with defaults surging to 20.2 percent of total loans in 2024, according to a new Asian Development Bank report.

The interim government has moved to expedite long-pending lawsuits filed by 10 institutions, including state-owned banks and a non-bank financial institution (NBFI), against loan defaulters, in a bid to speed up the recovery of defaulted loans

The interim government has taken a series of steps to restore confidence among investors and reinvigorate the stock market, which has been hovering between 4,000 points and 5,500 points for the last several years.

Bangladesh's remittance earnings climb, fuelled by informal market shift

A high-level team of the interim government led by Finance Adviser Salehuddin Ahmed will hold meetings with the Japanese government on the possibilities of reducing the metro-rail project costs.

The interim government by December will prepare a guideline for the next government to eliminate delays and irregularities in project implementation.

Amendments to Bank Company Act also propose smaller boards, reducing family control

The Ecnec yesterday approved the construction of Rabindra University in Sirajganj, despite objections from several advisers over the plan to build it by filling up a wetland.

Central bank seeks nod from Washington after Russia's reply

The costs of two projects -- one aimed at promoting environmentally sustainable surface water supply in Dhaka and the other for building mini stadiums in upazilas -- are likely to double their original estimates.

Economists have welcomed the interim government’s initiative to grant full autonomy to the Bangladesh Bank (BB) but say the reforms will remain on paper unless political parties commit to endorsing and continuing them once in power.

Dhaka aims for $63.5b in exports, capitalising on new US tariff regime

The overhaul plan will start with at least five banks

If macroeconomic stabilisation has been the interim government's main success, revenue collection is its most glaring failure

Government tightens control over foreign loans with new preconditions

The Bangladesh Bank (BB) has formed a $500 million fund to contain erratic movements in the foreign exchange market, as the country moves towards a more flexible exchange rate regime in line with International Monetary Fund (IMF) conditions.

The government is drawing up a three-year roadmap to gradually cut subsidies in the power and gas sectors, aiming to ease the growing fiscal pressure.

The government yesterday decided to import 4 lakh tonnes of rice in its efforts to curb the spike in prices of the staple and build adequate stocks in advance so that it can intervene in the market in case of volatility originating from crop losses due to natural disasters like floods in the coming months.

The warning came just days before the Trump administration imposed a sweeping 35 percent US tariff on all Bangladeshi exports