Tag: Bangladesh Bank

31 news articles tagged with "Bangladesh Bank"

Leather & Footwear ★ Editor's Pick Jul 30, 2026

Bangladesh Bank Launches Tk 20 Billion Pre-Finance Scheme to Boost Leather Sector Exports

Bangladesh Bank has launched a Tk 20 billion pre-finance scheme for the leather sector, offering loans at 4% interest with terms up to 7 years. The fund requires LWG certification and 10% solar power usage, targeting raw hide processors and leather product manufacturers.

Tech & Innovation ★ Editor's Pick Jul 29, 2026

Bangladesh Bank Opens Door to PayPal and Payoneer with New Cross-Border Payment Framework

Bangladesh Bank has introduced a bank-intermediary framework for cross-border digital payments, clearing the path for services like PayPal and Payoneer to operate in Bangladesh through local bank partnerships, with significant benefits for exporters, freelancers, and e-commerce businesses.

Tech & Innovation ★ Editor's Pick Jul 25, 2026

PM Tarique Targets Semiconductor as Bangladesh's Next Growth Engine After RMG

Prime Minister Tarique Rahman inaugurated the National Semiconductor Symposium and BEAR Summit 2026 at Novo Theatre, Dhaka, declaring semiconductors as Bangladesh's next major growth engine after RMG and unveiling tax waivers, cash incentives, and Tk 5 crore in annual startup grants.

Economy & Finance ★ Editor's Pick Jul 25, 2026

Bangladesh Classified Loan Accounts Double to 45.83 Lakh as Retail Defaults Surge

The number of classified loan accounts in Bangladesh's banking sector more than doubled to 45.83 lakh in March 2026, with the most dramatic surge in retail loans. NPL ratio rose to 32.7%, with Bangladesh Bank warning of 'mass retail-level deterioration' and 'widespread financial stress'.

Policy & Regulation ★ Editor's Pick Jul 25, 2026

Bangladesh Raises Cash Incentive on Local Yarn Usage from 1.5% to 5% to Revive Textile Sector

The Bangladesh government has increased the cash incentive for export-oriented factories using locally produced yarn from 1.5% to 5%, replacing bonded warehouse and duty drawback facilities. The Tk 35 billion move aims to curb yarn imports from India and revive the struggling textile sector.

Economy & Finance ★ Editor's Pick Jul 24, 2026

Bangladesh Trade Deficit Widens 24% to $23.98 Billion as Exports Fall and Capital Imports Slump

Bangladesh's trade deficit surged nearly 24 percent to $23.98 billion in FY 2025-26 as exports fell and capital machinery imports dropped 10.68%. A record $35.5 billion in remittances cushioned the external sector from severe distress.

Economy & Finance ★ Editor's Pick Jul 22, 2026

Bangladesh Bank Eases Forex Rules for Freelancers and IT Service Exporters

Bangladesh Bank has introduced new measures to simplify foreign currency transactions for freelancers and individual service exporters. IT freelancers can now retain 50% of export earnings in USD, transactions up to $20,000 need no formal declaration, and dual-currency "Freelancer Cards" will be issued.

Economy & Finance ★ Editor's Pick Jul 20, 2026

Bangladesh GDP Growth Declines for Third Consecutive Quarter, BBS Data Shows

Bangladesh's GDP growth declined for the third consecutive quarter, with the January-March quarter growing only 2.22%, down from 4.96% in Q1 and 3.03% in Q2. The industry sector contracted by 0.28%, raising concerns about the country's economic momentum.

Economy & Finance ★ Editor's Pick Jul 16, 2026

Bangladesh Proposes New Law Allowing Private Firms to Recover Defaulted Loans

The Bangladesh government has proposed the Distressed Asset Management Act (DAMA), which would allow licensed private companies to purchase, restructure, and recover defaulted loans. With distressed loans at Tk 10.91 trillion (nearly 60% of all disbursed loans), the law aims to clean up bank balance sheets and restore credit flow.

Bangladesh Bank Cuts Policy Rate to 9.5 Percent in First Reduction Since 2020

Economy & Finance ★ Editor's Pick Jul 31, 2026

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