Bangladesh foreign exchange reserves rise to USD 33.11 billion Bangladesh’s foreign exchange reserves rose to USD33.11 billion at the end of April, USD709 million higher than one month earlier. The central bank on Sunday also said the reserves were up nearly 2% from one year earlier, reports Reuters. They are
Read MoreBB eases sale process for foreigners to attract FDI The central bank has simplified and rationalised the sale process of foreigners’ equity investment in both public and private entities to attract more foreign direct investment (FDI) in Bangladesh. Under the rationalisation and simplification of sale process, buyers and sellers will
Read MoreOut-of-court settlement over BB reserve heist likely Bangladesh would consider an out-of-court settlement with a bank in the Philippines over US$81 million (S$107 million) cyber heist money, Bangladesh central bank officials said on Thursday, reports Reuters. The money was stolen from its accounts in New York by hackers who wired
Read MoreBB wants out-of-court settlement too Dhaka is likely to propose an out-of-court settlement, in a major policy shift, for the recovery of the rest $66 million of the country’s stolen reserve fund from Manila. Officials, quoting a latest position paper of the Bangladesh Bank, said that finance minister AMA Muhith
Read MoreBangladesh Bank wants information on all bad debts Bangladesh Bank has asked all the banks and other financial institutions of the country to send reports about all the default loans. As per a new circular issued on Thursday, the banks and financial institutions are supposed to report to the central
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