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Category: Business

BASIC Bank Seeks Cheap Deposits for Recovery

BASIC Bank Seeks Cheap Deposits for Recovery

State-owned BASIC Bank has formally approached the government for regulatory permission to host and manage the bank accounts of state-financed and donor-funded development projects. The initiative forms part of the lender’s wider strategy to reinforce its deposit base, decrease funding expenses, and systematically restore its financial viability. In an official memorandum submitted to the Ministry […]
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Insurance Sector Reopens Nationwide After Extended Break

Insurance Sector Reopens Nationwide After Extended Break

The commercial and public insurance sectors of Bangladesh returned to full operational status on Monday, 1 June 2026, following a seven-day holiday observed for Eid-ul-Azha. Offices belonging to both state-owned and private insurance corporations reported high employee attendance as normal business operations commenced across the country. Firms prioritised the clearance of backlogged administrative tasks and […]
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Unrest Shifts Islami Bank Board Meeting Online

Unrest Shifts Islami Bank Board Meeting Online

A crucial board meeting of Islami Bank Bangladesh PLC was moved online and successfully completed on Monday evening, following intense daytime demonstrations outside its headquarters. The virtual session was led by the newly appointed Chairman, Md. Khurshid Alam, institutional sources confirmed. The meeting was originally scheduled to take place at noon on Monday at the […]
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Dhaka Bank Inks Payroll Agreement With New Asia

Dhaka Bank Inks Payroll Agreement With New Asia

Dhaka Bank PLC has signed a comprehensive Payroll Banking Agreement with New Asia Group, extending its specialised financial services to the employees of Malek Spinning Mills PLC, Salek Textile Limited, and Denim Asia Limited. A corporate press release confirmed that the official signing and document exchange ceremony took place at the New Asia Group’s central […]
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Ferrari Faces Harsh Backlash Over Debut Electric Car

Ferrari Faces Harsh Backlash Over Debut Electric Car

The iconic Italian supercar manufacturer Ferrari has initiated a radical new chapter in its corporate history with the unveiling of its first fully electric vehicle, the Luce. Named after the Italian word for “light,” the model signals a major tactical pivoting for a brand historically renowned for the acoustic roar of its internal combustion engines. […]
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Global Insurance Review Digital Innovation and Strategic Growth

Global Insurance Review: Digital Innovation and Strategic Growth

During the final week of May, specifically from 25 to 29 May, the international insurance market experienced notable advancements. These developments were driven by the introduction of new digital ecosystems, targeted strategic alliances designed to broaden geographical coverage, climate-risk contingency disbursements, and ambitious, long-term corporate restructurings aimed at amplifying global market influence. Digital Integration: Cathay […]
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Global Automakers Struggle to Contain China’s Rapid Technical Expansion

Global Automakers Struggle to Contain China’s Rapid Technical Expansion

The global automotive manufacturing landscape is undergoing a structural realignment as long-established American, European, and Japanese automotive corporations lose domestic and international market share to Chinese competitors. This competitive shift extends significantly beyond the production volumes of electric vehicles (EVs). It encompasses vertical integration across advanced battery chemistries, proprietary software architectures, automated vehicular design, and […]
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Raw Hide Prices Collapse Nationwide Despite Higher Government Tariffs

Raw Hide Prices Collapse Nationwide Despite Higher Government Tariffs

The domestic raw hide market across Bangladesh has experienced a sharp price contraction during the festival of Eid-ul-Adha, with transactional values falling significantly below the official rates mandated by the government. Despite the Ministry of Commerce raising the statutory price of salted hide by BDT 2 per square foot compared to the previous fiscal year, […]
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Oil Prices Surge Following Renewed US Airstrikes

Oil Prices Surge Following Renewed US Airstrikes

Global energy markets experienced a sharp upward trajectory on Thursday, 28 May 2026, following a renewed round of United States military strikes against a strategic facility in southern Iran. The targeted bombardment, which disrupted a brief period of market stabilization, has reignited fears of prolonged supply vulnerabilities across the Middle East. According to an official […]
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