The Government has approved a proposal to abolish the existing upper age limit for the appointment of the Chairman and members of the Insurance Development and Regulatory Authority (IDRA), the statutory body responsible for regulating the country’s insurance sector. The decision was taken at a meeting of the Cabinet held on Thursday (23 April) at […]

The Bangladesh Bank has stated that individuals or groups facing allegations of money laundering abroad will not be allowed to serve on the boards of any banks in the country. The clarification was issued on Tuesday by Arief Hossain Khan, Executive Director and spokesperson of the central bank, to address public uncertainty regarding certain provisions […]

Bangladesh’s economy is becoming increasingly integrated with global trade and remittance flows, making foreign exchange movements a critical indicator for policymakers, businesses, and households alike. Export earnings, import payments, and remittances from Bangladeshis working abroad collectively form the backbone of the country’s foreign currency inflows. Against this backdrop, daily exchange rate updates of the Bangladeshi […]

Economists and policy analysts have expressed deep concern over Bangladesh Bank’s growing reliance on financing government expenditure through money creation, warning that such practices could intensify inflationary pressures and place sustained strain on the broader macroeconomic framework. At a recent seminar held at the Policy Research Institute’s office in Banani, Dhaka, experts highlighted that the […]

Concerns are mounting over increasing monetary pressures and inflationary risks within Bangladesh’s financial system, following fresh warnings from leading economists. The Chief Economist of the Policy Research Institute (PRI), Ashikur Rahman, has cautioned that recent government borrowing from the central bank could intensify inflationary pressures in the months ahead. Speaking at a seminar on the […]

Bangladesh’s economic integration with global markets continues to deepen, driven by expanding international trade, growing import-export activities, and substantial remittance inflows from its overseas workforce. In this context, foreign exchange rates serve as a vital economic indicator, reflecting the country’s external financial position and its responsiveness to global market dynamics. According to the latest data […]

The country’s foreign exchange market on Wednesday continued to exhibit a pattern of moderate fluctuations, reflecting ongoing volatility in global currency markets. Persistent international uncertainty, particularly linked to tensions in the Middle East, alongside broader macroeconomic instability, has continued to influence domestic currency dynamics. As a result, exchange rates have remained unstable over recent days, […]

A legal notice has been issued demanding the immediate withdrawal of the Insurance Business Registration Fee (Amendment) Regulations, 2024, which introduced a significant increase in insurance company registration renewal fees. The notice also calls for the suspension of all activities related to the collection of the revised fees. The notice was issued in the public […]

Sonali Life Insurance Company Limited has conducted a specialised professional development programme titled “Career Guide Special Training” at the Khulna Shilpakala Academy. The training session was organised recently with the participation of branch managers from across the Khulna division. The initiative focused on strengthening professional competencies, improving career planning awareness, and enhancing the effectiveness of […]