$986 million in remittances received in first 12 days of October
$986 million in remittances received in first 12 days of October

Bangladeshi expatriates have sent US $986 million in remittance in the first 12 days of October, showing an upward trend of inward remittance flow in the legal channel, reports UNB. According to the latest update of the Bangladesh Bank (BB), the expatriates have sent $8.22 crore in the country...

World Bank: Poorest countries face record debt and vulnerability
World Bank: Poorest countries face record debt and vulnerability

The World Bank reports that the 26 poorest countries are now deeper in debt than at any point since 2006 and face increasing vulnerability to natural disasters and economic shocks, reports Al Jazeera. The findings, published in a report on Sunday, reveal that these nations are in a worse...

Foreign banks reluctant to issue LCs for some banks in the country
Foreign banks reluctant to issue LCs for some banks in the country

Many foreign banks are now hesitant to accept letters of credit (LC) from Bangladeshi banks, despite a recent improvement in dollar liquidity within the country. While the increased dollar supply has eased pressures related to import liabilities and foreign debt repayments, local banks remain...

NCC Bank unveils four products to support small businesses
NCC Bank unveils four products to support small businesses

NCC Bank PLC has launched four new products to support cottage, micro, small and medium enterprise (CMSME) entrepreneurs, with credit facilities ranging from Tk 1 lakh to Tk 10 crore, said a media release. These are NCC Commercial Building Loan, NCC Commercial Vehicle Loan, NCC Supply Chain...

Prime Bank inks deal with Ramada by Wyndham Cox’s Bazar
Prime Bank inks deal with Ramada by Wyndham Cox’s Bazar

Private commercial Prime Bank PLC has recently partnered with Ramada by Wyndham Coxs Bazar. Under this agreement, Prime Bank customers will get exciting offers at the luxurious hotel in Kolatoli area of the beach town, said a media release. Md Nazeem A Choudhury, deputy managing director of...