Category: Asia

Fuel Crisis Threatens Bangladesh’s Garment Industry Stability

Fuel Crisis Threatens Bangladesh’s Garment Industry Stability

Bangladesh’s ready-made garment sector, a cornerstone of the nation’s economy, is facing a mounting crisis as fuel shortages compound ongoing global market challenges. For the first time in the country’s history, export earnings have declined for eight consecutive months, largely due to the sector failing to meet its targeted revenues. Analysts warn that the situation […]
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Fuel Black Market Pair Imprisoned

Fuel Black Market Pair Imprisoned

In the northern district of Jamalpur, a mobile court has sentenced a father-in-law and his son-in-law to one month’s simple imprisonment each for illegally collecting, storing, and selling fuel at inflated prices. The ruling, delivered on Monday night, underscores the authorities’ continued efforts to tackle irregularities in the country’s fuel distribution system. The convicted individuals, […]
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Gas Shortage Forces Fertiliser Plants to Halt Production

Gas Shortage Forces Fertiliser Plants to Halt Production

Chittagong’s fertiliser industry is grappling with a severe gas shortage that has already forced two major plants in Anwara to suspend operations, with a third on the brink of closure. Chittagong Urea Fertiliser Limited (CUFL) and Karnaphuli Fertiliser Company Limited (KAFCO) have ceased production, while DAP Fertiliser Company Limited (DAPFCL) may be forced to shut […]
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Workers Block Dhaka–Chattogram Highway, 10 km Traffic Jam

Workers Block Dhaka–Chattogram Highway, 10 km Traffic Jam

Labourers from the Nasa Group staged a major blockade on the Dhaka–Chattogram highway on Tuesday, demanding overdue salaries and allowances. The protest, which reflects nationwide discontent among the company’s workforce, has brought traffic to a near standstill and caused severe disruption for commuters. The demonstration began around 10:00 a.m. at Paduar Bazar on the Bir […]
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CTF Life Joins HKMC to Boost Retirement Income

CTF Life Joins HKMC to Boost Retirement Income

CTF Life has forged a strategic partnership with The Hong Kong Mortgage Corporation Limited, aiming to enhance financial options for retirees by offering access to reverse mortgage solutions that transform property or life insurance assets into steady income. Under this collaboration, CTF Life will refer customers to two HKMC programmes: the Policy Reverse Mortgage Programme […]
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AB Bank and iRONman Forge SME Financing Alliance

AB Bank and iRONman Forge SME Financing Alliance

AB Bank PLC has formalised a strategic partnership with iRONman Company Ltd. through the signing of a Memorandum of Understanding (MoU), aiming to provide dedicated financial support to the company’s network of listed dealers and distributors. The initiative will utilise AB Bank’s SME-focused programme, “UTTARAN”, designed to address the working capital and growth needs of […]
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Banks’ Capital Gap Reaches Critical Levels

Banks’ Capital Gap Reaches Critical Levels

The financial health of Bangladesh’s banking sector has come under acute strain, as capital deficits surged to Tk2.82 lakh crore by the end of September 2025, pushing the overall position into negative territory. The sharp deterioration, highlighted in the latest report by Bangladesh Bank, reflects mounting defaulted loans and deep-rooted structural weaknesses in governance and […]
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Bank Asia Records Strong Deposit Growth

Bank Asia Records Strong Deposit Growth

Bank Asia PLC has delivered an impressive performance in the first quarter of 2026, registering a net deposit growth of Tk 40.0 billion (BDT 4,000 crore) during the January–March period. This notable achievement reflects rising customer confidence and reinforces the bank’s reputation as a stable and progressive financial institution. The substantial increase in deposits is […]
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