Category: Bangladesh

New Ordinance Transforms Microfinance into Regulated Social Banking New Ordinance Transforms Microfinance into Regulated Social Banking

New Ordinance Transforms Microfinance into Regulated Social Banking

The interim government of Bangladesh has enacted the Microfinance Bank Ordinance, 2026, a landmark legislative shift that fundamentally redefines the country’s microcredit landscape. By introducing the concept of “Microfinance Banks,” the state aims to transition traditional non-governmental organisations (NGOs) from the periphery of the financial system into a formal, regulated framework under the direct oversight […]
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Strategy to Triple Bangladeshs Tax to GDP Ratio by 2035 Strategy to Triple Bangladesh’s Tax-to-GDP Ratio by 2035

Strategy to Triple Bangladesh’s Tax-to-GDP Ratio by 2035

The Policy Research Institute (PRI) has unveiled a transformative roadmap aimed at restructuring Bangladesh’s fiscal architecture. The ambitious proposal seeks to catapult the nation’s tax-to-GDP ratio from its current stagnant level of approximately 8% to a robust 15–20% by 2035. This strategic shift is designed to reduce the state’s reliance on trade tariffs while bolstering […]
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Pragati Insurance Secures Top Spot at IDRA Awards 1 Pragati Insurance Secures Top Spot at IDRA Awards

Pragati Insurance Secures Top Spot at IDRA Awards

Pragati Insurance Limited has achieved a prestigious milestone by clinching first place in the Non-Life Insurance category at the IDRA Insurance Excellence Awards 2025. This accolade, instituted by the Insurance Development and Regulatory Authority (IDRA), recognises the firm’s peerless contributions to the nation’s financial landscape and its unwavering commitment to industry best practices. A Benchmark […]
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BPC Overcharges PDB by 644 crore BDT for Fuel BPC Overcharges PDB by 644 crore BDT for Fuel

BPC Overcharges PDB by 644 crore BDT for Fuel

The Bangladesh Petroleum Corporation (BPC) is facing intense scrutiny following revelations that it overcharged the Power Development Board (PDB) by approximately 644 crore BDT for furnace oil over the past eighteen months. Despite a sustained decline in global oil prices, the state-run fuel titan failed to adjust its domestic rates, leading to a significant financial strain […]
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Sherpur Clash Triggers Senior Officials Recall Sherpur Clash Triggers Senior Officials’ Recall

Sherpur Clash Triggers Senior Officials’ Recall

The Election Commission (EC) has ordered the withdrawal of two senior local officials in Sherpur’s Jhenaigati upazila following a violent political clash that left a Jamaat-e-Islami leader dead. The officials concerned are the Upazila Nirbahi Officer (UNO) Ashraful Alam and the Officer-in-Charge (OC) of Jhenaigati Police Station, Nazmul Hasan. The decision was announced on Thursday […]
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Bangladeshs AI Journey Readiness Under Scrutiny Bangladesh’s AI Journey: Readiness Under Scrutiny

Bangladesh’s AI Journey: Readiness Under Scrutiny

The global economy is rapidly entering an era shaped by artificial intelligence (AI). According to estimates from international research bodies, AI could contribute more than 15 trillion US dollars to global economic output by 2030. This transformation is expected to have the deepest impact on developing countries, which risk falling far behind in global competition […]
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Baul Festival Unites Londons Diaspora Baul Festival Unites London’s Diaspora

Baul Festival Unites London’s Diaspora

London’s cultural calendar was enriched once again as the British Bangladeshi community gathered for an evening of music, philosophy and shared heritage at the much-anticipated Baul Festival London 2026. Organised by Bangla Craze UK, the festival transformed the Colosseum Suite into a vibrant meeting place where tradition met cosmopolitan London, and where the soulful strains […]
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