All bank branches are open from today All branches of commercial banks are open from today to offer banking services for a limited period, a Bangladesh Bank official told The Daily Star today. Transactions at the bank branches will begin at 10:00am and continue until 3:00pm. The banks will remain
Read MoreTrade deficit exceeds $20b in July-May FY24 Despite a decline in exports, Bangladesh’s trade deficit decreased by $6 billion to $20 billion in the first 11 months of FY24, thanks to a significant reduction in imports, according to central bank data. However, the trade deficit increased by $1.52 billion in
Read MoreGlobal smartphone market grew 6.5% in Q2, led by Samsung and Apple Global smartphone shipments rose 6.5 percent in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is yet to come around as it remained challenged
Read MoreBanks’ liquidity squeezes as financial deepening declines Access of people and businesses to funds squeezes as Bangladesh’s “financial deepening” is on the decline with its domino effect on the economy. In such a tight situation, people are not having wider choice of financial services, he says about fallout from the
Read MoreReserves fall to $20.46b after ACU payment The country’s foreign exchange reserves fell to US$20.46 billion on Wednesday after a payment of US$1.42 billion to the Asian Clearing Union (ACU) for the May-June period. The information was posted in a WhatsApp group for journalists on Wednesday by Bangladesh Bank’s acting
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