Bangladesh Bank Governor Dr Ahsan Habib Mansur has announced a major step forward in the country’s efforts to reclaim funds siphoned abroad. Commercial banks in Bangladesh have entered into formal agreements with international legal consortia, enabling the judicial recovery of assets held by fugitives and involved in cross-border money laundering. Speaking at the Bangladesh Bank […]

A Panamanian-flagged cargo ship bound for Chattogram, Bangladesh, has sunk in waters off the coast of Phuket, Thailand. The incident occurred on Saturday, 7 February, at approximately 3:30 pm local time in deep waters near the island. The vessel, named MV Siloed Ark, measured 115 metres in length and was carrying 297 containers loaded with goods consigned […]

Community Bank Bangladesh PLC and BizTrade Ventures Limited have entered into a strategic partnership aimed at accelerating sustainable development and inclusive economic growth among the country’s small and medium-sized enterprises. The collaboration has been formalised through the signing of a Memorandum of Understanding (MoU), designed to strengthen and expand the nationwide “SME 360-Degree Business Solution” […]

Standard Bank PLC convened a comprehensive business review meeting for its Dhaka region at the bank’s head office on Saturday. The session saw the participation of branch heads from across the Dhaka region, marking a significant step in aligning the bank’s operational strategy with its national and international objectives. The meeting was presided over by […]

The interim government of Bangladesh has embarked on an ambitious programme of reforms aimed at revitalising the country’s ailing insurance sector. Years of administrative weaknesses, regulatory gaps, and declining public confidence have driven insurance penetration to historic lows, prompting urgent corrective measures. The reform initiative seeks to restore financial stability, strengthen governance, and rebuild trust […]

A fresh controversy has emerged in Bangladesh over the use, transparency and prioritisation of corporate social responsibility (CSR) funds, following a proposal to finance the construction of a police-run school through donations from commercial banks. The Bangladesh Association of Banks (BAB) has formally requested 20 commercial banks to contribute Tk 5 million each from their […]

Sonali Life Insurance Company Limited has once again secured international recognition, reaffirming its leadership within Bangladesh’s insurance sector. On Friday, 6 February, at a prestigious ceremony held in Bangkok, Thailand, organised by the Indian Chamber of Commerce, Sonali Life was honoured in the “Best Customer-Oriented Company” category at the Emerging Asia Insurance Awards. This marks […]