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Category: Economy

Institutional Deposits to Become Combined Islamic Bank Shares Institutional Deposits to Become Combined Islamic Bank Shares

Institutional Deposits to Become Combined Islamic Bank Shares

The landscape of Shariah-compliant finance in Bangladesh is set for a seismic shift following the Central Bank’s finalisation of a grand merger scheme. In an ambitious move to sanitise the balance sheets of the Islamic banking sector, five prominent institutions—First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, and EXIM Bank—will be […]
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Expatriate Inflow Skyrockets as Remittance Records Nears Peak Expatriate Inflow Skyrockets as Remittance Records Nears Peak

Expatriate Inflow Skyrockets as Remittance Records Nears Peak

Bangladesh’s economic landscape has found a vital anchor in the extraordinary resilience of its expatriate workforce. While various fiscal sectors continue to navigate a period of post-political transition and volatility, remittance inflows have surged with unprecedented vigour. As of 30 December, official figures reveal that the first twenty-nine days of the month saw a staggering […]
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Idra relaxes rules for appointing insurance company CEOs Idra relaxes rules for appointing insurance company CEOs

Idra relaxes rules for appointing insurance company CEOs

The Insurance Development and Regulatory Authority (Idra) has announced significant amendments to the regulations governing the appointment of Chief Executive Officers (CEOs) in the insurance sector. The move aims to address the ongoing shortage of qualified CEOs in both life and non-life insurance companies. According to Idra, many insurance companies currently face vacancies at the […]
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Seven Banks Record Zero Remittances in December

Seven Banks Record Zero Remittances in December

In the first 27 days of December, Bangladesh received a total of USD 2,751.91 million in remittances from overseas workers. However, according to the latest report published by Bangladesh Bank on Sunday, seven banks failed to record any remittance inflows during this period. The report identifies the banks with zero remittances as follows: Specialised Bank: […]
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Bangladesh Confronts Deepening Crisis as Economic Engines Stall Bangladesh Confronts Deepening Crisis as Economic Engines Stall

Bangladesh Confronts Deepening Crisis as Economic Engines Stall

The Bangladeshi economy is currently navigating a period of profound instability, trapped between the twin pressures of systemic banking failure and a cost-of-living crisis that refuses to abate. While the interim administration has successfully shored up the nation’s external buffers—evidenced by a notable recovery in foreign exchange reserves—the domestic landscape remains bleak. For millions of […]
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Prime Bank And Flowco Launch Innovative Green Financing

Prime Bank And Flowco Launch Innovative Green Financing

In a significant step towards sustainable development in Bangladesh’s energy sector, Prime Bank PLC and Flowco Bangladesh Limited have jointly introduced a specialised green financing facility for petrol pump owners. This initiative is designed to promote environmentally friendly technologies across the country’s downstream fuel sector, supporting both operational efficiency and national sustainability goals. The launch […]
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