Category: Bangladesh

Central Bank Conducts Major Dollar Purchase

Central Bank Conducts Major Dollar Purchase

On Monday, 12 January, Bangladesh Bank acquired USD 81 million from ten commercial banks through a scheduled auction, officials confirmed. Arif Hossain Khan, Executive Director and spokesperson of the central bank, stated that the transaction was executed at an exchange rate of BDT 122.30 per US dollar. The auction was conducted in accordance with the […]
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A devastating fire at a Narayanganj cotton factory A devastating fire at a Narayanganj cotton factory

A devastating fire at a Narayanganj cotton factory

A significant fire broke out at a cotton processing factory in Narayanganj’s Araihazar area on Tuesday morning (13 January), causing extensive damage to machinery, raw materials, and infrastructure. The incident occurred in Lalurkandi, under the jurisdiction of Araihazar Police Station, sending local residents into panic. The factory, owned by local businessman Md. Samad — son […]
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Clash Between BNP and Jamat Supporters Leaves Three Injured at Netrokona

Clash Between BNP and Jamat Supporters Leaves Three Injured at Netrokona

In Netrokona’s Kendua Upazila, a violent confrontation between supporters of the BNP and Jamaat-e-Islami on Monday night (12 January) left three individuals injured, heightening tensions in the Royailbari Union’s Bangbazar area for several hours. The incident alarmed local residents, prompting immediate police intervention. According to eyewitnesses, the clash erupted in the evening following a heated […]
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Allianz Introduces AI Agents for Claims

Allianz Introduces AI Agents for Claims

Global insurance giant Allianz SE has announced a strategic partnership with artificial intelligence firm Anthropic, marking a significant step in embedding “responsible AI” across its operations. The collaboration aims to enhance software development, streamline claims processing, and boost operational efficiency throughout Allianz’s worldwide network. The partnership will focus on three key initiatives designed to modernise […]
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Child Shot Near Myanmar Border Remains Critical, Bullet Not Removed

Child Shot Near Myanmar Border Remains Critical, Bullet Not Removed

A nine-year-old girl, Huzaifa Afnan, from Ward 3 of Hoyaikyaing Union in Teknaf, has been critically injured after being struck by a stray bullet fired from across the Myanmar border. The bullet entered through the right side of her face and penetrated her brain, leaving her in a life-threatening condition. Despite several hours of intricate […]
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Osman Ershad Assumes Dhaka Bank Managing Director

Osman Ershad Assumes Dhaka Bank Managing Director

Dhaka Bank PLC has formally appointed Osman Ershad Fayez as its new Managing Director, ushering in a significant leadership transition at one of Bangladesh’s leading private-sector banks. He officially assumed charge on Sunday, 11 January, with the bank describing the appointment as a strategic step aimed at strengthening corporate governance, expanding technology-driven banking services, and […]
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Central Bank to Oversee Bangladeshs New Microfinance Banks Central Bank to Oversee Bangladesh’s New Microfinance Banks

Central Bank to Oversee Bangladesh’s New Microfinance Banks

In a landmark shift for the nation’s financial architecture, the interim government has finalised the framework for establishing specialised Microfinance Banks. Deviating from earlier proposals to create a separate wing under the Microcredit Regulatory Authority (MRA), the responsibility for licensing and supervising these new entities has been formally entrusted to Bangladesh Bank. The move follows […]
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BCCI Silence as Bangladesh Rejects Indian Venue Shift BCCI Silence as Bangladesh Rejects Indian Venue Shift

BCCI Silence as Bangladesh Rejects Indian Venue Shift

The diplomatic standoff between the Bangladesh Cricket Board (BCB) and the International Cricket Council (ICC) has reached a critical juncture, with the Board of Control for Cricket in India (BCCI) claiming it remains “in the dark” regarding any changes to the tournament schedule. Despite intensifying security concerns from Dhaka, the BCCI maintains that the logistical […]
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New Chief Appointed for Financial Intelligence Unit New Chief Appointed for Financial Intelligence Unit

New Chief Appointed for Financial Intelligence Unit

The Government of Bangladesh has officially appointed Ikhtiar Uddin Mohammad Mamun as the new chief of the Bangladesh Financial Intelligence Unit (BFIU). A seasoned bureaucrat, Mr Mamun transitions to this pivotal role from the National Board of Revenue (NBR), where he previously served with distinction as a Tax Commissioner. Formal Gazette and Rank Status The […]
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