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All the latest breaking news and analysis from Bangladesh. Published after crucial Fact Check . We do not Publish unverified claim and news .

Bangladesh Banking System

Bangladesh’s Banking Sector in  Severe US Dollar Shortage

Many Bangladesh banks cannot pay the LC liabilities on the due date. There is a delay of one month in the payment of some liabilities. In this situation, Bangladesh’s image of the banking sector is being undermined by the foreign banks that have guaranteed LC. Many foreign banks have now started reducing their credit lines …

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Bangladesh Securities and Exchange Commission awarded 11 companies

Bangladesh Securities and Exchange Commission (BSEC) has awarded 11 companies for mediating the capital market. ICB Catipal Management and UCB Investment have been ranked first in the merchant banker category. The second is City Bank Capital Resources and Sanshi Life Finance. The third LankaBangla Investment. Shanta Asset Management is the first in the asset management …

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Bangladesh Navy to buy 5 Frigates from the UK

The Bangladesh Navy’s ambitious frigates program is now a reality, five multi-role stealth guided-Frigates will join the Bangladesh navy from the united kingdom. Bangladesh agreed to buy three British made vessels as well as two more that will be built locally at Chattogram Dockyard under the supervision of the united kingdom. The purchase was discussed …

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Bangladesh 🇧🇩 Defense News- 🔴 Live Updates

Bangladesh Army Cheif General SM Shafiuddin Ahmed Attended INDO-PACIFIC ARMIES CHIEFS CONFERENCE Army Chief General SM Shafiuddin Ahmed attended the Indo-Pacific Army Chiefs Conference, jointly organized by the U.S. Army and the Papua New Guinea Defense Force in united states . On the first day of the three-day conference, which ran from 13 September 2021 …

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Bangladesh Turkey Defense Cooperation in new heights as Army chief visited Turkey

A six-member delegation of the Bangladesh Army led by Army Chief General SM Shafiuddin Ahmed visited Turkey on a 07-day official visit. Army Chief General SM Shafiuddin Ahmed reached Istanbul from Dhaka on 17 August 2021 at noon. Bangladesh Turkey Defense copperation Bangladesh turned into the fourth-biggest arms purchaser from Turkey, supposedly getting up to …

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Inventory Control and Property Management Software

As stated, the main goal of business asset management software is to keep your physical property running by maximum capacity, from purchase to retirement. This encompasses any sort of advantage you might use, such as business furniture to plant equipment, to heavy commercial equipment including desktops. Although many software programs can be obtained today, two …

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$4.09 Billion in 2021 Defense Budget of Bangladesh

In terms of BDT, the 2021 military budget of Bangladesh is 5% higher than 2020 while in USD it’s just a 0.7% increase. Taka 1672.47 or 196.25 Million USD was allocated for development purposes. Taka 16817 corer or $ 1.97 billion was allocated for the Bangladesh army, 6330 corers or $ 742.78 million USD for Bangladesh Navy and 4743 million USD corers or 556.56 for Bangladesh Airforce in the 2021 military budget of Bangladesh.

Palli Sanchay Bank-Profile

Bank Name Palli Sanchay Bank Status: Active Bank Holding Company  Government of Bangladesh Date Established 8 July 2014 Bank Charter Class Specialised Non-scheduled Bank Regulator  Bangladesh Bank Ownership Type State Owned Total assets / capital worth Tk. 2,000 crore, Headquarters Red Crescent Borak Tower (Level-8) 37/3/A, Eskaton Garden, Dhaka-1000, Bangladesh. Number of Branches / Locations 385 …

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Uttara Bank-Profile

Bank Name Uttara Bank Limited Status: Active Bank Holding Company  Date Established  on 28th January of 1965 Bank Charter Class Private Commercial Bank Regulator  Bangladesh Bank Ownership Type Public Limited Total assets / Authorized Capital Tk. 6000 million Headquarters 47, Shahid Bir Uttom  Asfaqus Samad Sarak (Former 90, Motijheel Commercial Area) Motijheel, Dhaka-1000, Bangladesh. Number of Branches …

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Woori Bank (Bangladesh)-Profile

Bank Name Woori Bank Bangladesh Status: Active Bank Holding Company  Date Established 30 January 1899 in South Korea. Bank Charter Class Foreign Commercial Bank Regulator Bangladesh Bank in Bangladesh Ownership Type Private Limited in Bangladesh Total assets / Tap to See Headquarters Suvastu Imam Square, 65 Gulshan Avenue, Dhaka 1212, Bangladesh. Number of Branches / Locations 6 Branches Number …

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Citibank, N.A.(Bangladesh) -Profile

Bank Name Citibank, N.A. Status: Active Bank Holding Company  Date Established Founded in 1812 Since 1987 in Bangladesh Bank Charter Class Foreign Commercial Bank Regulator  Bangladesh Bank in Bangladesh Ownership Type Private limited in Bangladesh Total assets $1,917 billion (2018) Headquarters 8 Gulshan Avenue, Gulshan-1, Dhaka 1212, Bangladesh. Number of Branches / Locations Three Branches, …

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Ansar-VDP Unnayan Bank-Profile

Bank Name Ansar-VDP Unnayan Bank Status: Active Bank Holding Company  Government of Bangladesh Date Established in 1995.  Bank Charter Class Specialised Non-scheduled Bank Regulator  Bangladesh Bank Ownership Type State-Owned Total assets Tk. 1589 million Headquarters Opposite to, 14 Outer Circular Rd, police line, Dhaka 1217, Bangladesh. Number of Branches / Locations  92 Branches (as on 2009) …

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Karmasangsthan Bank-Profile

Bank Name Karmasangsthan Bank Status: Active Bank Holding Company  Government of Bangladesh Date Established   in 1998. Bank Charter Class specialized  Non-Scheduled Bank Regulator  Bangladesh Bank Ownership Type State Owned Total assets / Authorised Capital  Tk. 1000.00 crore Headquarters 1, Rajuk Avenue, Dhaka 1000, Bangladesh. Number of Branches / Locations 246 Branches Number of employees …

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Former law minister Matin Khasru is suffering from coronavirus

Former law minister and Awami League presidium member and president of the Bangladesh Supreme Court Bar Association Advocate Abdul Matin Khasru MP is undergoing treatment in the ICU of the Combined Military Hospital (CMH) in Dhaka after contracting the coronavirus. He was admitted to CMH in Dhaka on March 16 after suffering from coronavirus. He …

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Khaleda Zia’ tests positive for Coronavirus COVID-19

Former Bangladesh Prime Minister and BNP chairperson Khaleda Zia’s tested positive for COVID-19. The sample was collected at Gulshan residence in the capital around 3 pm on Saturday. The samples were sent to the International Centre for Diarrhoeal Disease Research, Bangladesh, for testing on Saturday However, Khaleda Zia’s personal physician said. Quoting Mamun, BNP chairperson’s …

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Proposal to fines and abolish tax benefits for companies employing illegal foreign workers in Bangladesh

The Institute of Chartered Accountants of Bangladesh (ICAB) has said that a large number of foreign nationals are working illegally in various industries and businesses in Bangladesh. According to a report published by the Transparency International Bangladesh (TIB) in February 2020, some 2.50 lakh foreign nationals are working in the country. Of them, 90,000 are …

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National River Protection Commission Act 2020 – A review

The draft National River Protection Commission Act 2020 has been formulated for the purpose of amending the National River Protection Commission Act 2013.  In this new law, the river Commission may declare an area as an ecologically endangered area if it is deemed to be endangered or endangered by the illegal occupation of rivers, pollution, …

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Bangladesh Approved the trial of Chinese Coronavirus Vaccine

The Bangladesh government has approved the trial of a vaccine manufactured by Chinese company Synovac in Bangladesh.The government thinks that, it will get one lakh pieces of vaccine free of cost and will get priority to purchase more required number of vaccines. Apart from that, Bangladesh has very strong friendly relations with the Chinese government. …

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2.6 Billion Dollar Remittance inflow in July 2020

Bangladesh Wage earner’s remittance inflow exceeded 2.6 Billion in July 2020. Remittance is a transfer of money, often by the worker to an individual in their home country. Besides, the highest foreign exchange reserves in the history of Bangladesh have been raised to 37.28 billion US dollars. Various measures, including 2 percent cash incentives by …

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Bangladesh’s Farmers to get 3.6 Billion Dollar loan this Year

Agriculture and Rural Credit Policy and Program of Bangladesh Bank has set the loan target for the new financial year on Wednesday. Bangladesh Bank allocated loans of Tk 26,292 crore or 3.6 Billion dollars for farmers in the current fiscal year 2020-21 to combat the Covid-19 epidemic.Which is about 8.99 percent more than the 2019-20 …

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Bangladesh’s Mobile operator lost 4 Million Subscriber: Impact of Covid-19 in Business

In the three months since the beginning of coronavirus pandemic in the country, the number of mobile phone subscribers has decreased by 4 million. This calculation is from last March to June. The Bangladesh Telecommunication Regulatory Commission (BTRC) publishes the number of mobile phone subscribers at the end of each month. As of the end of June, the …

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4.1 Billion USD: Defense Budget of Bangladesh 2020

In the 2020-2021 fiscal year budget, 4.1 Billion USD has been allocated to the Bangladesh Armed Forces. This is 6.13% of total budget expenditure slightly decreased from last year  8.3% of total annual government expenditure. বাংলা ভার্সন /Bangla Version In 2020 Bangladesh ranked 46 in global military strength ranking. Last year Bangladesh confirmed the purchase …

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