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Category: Economy

Pay Review Rebalances Allowances Amid Wage Hike Plan 2 Pay Review Rebalances Allowances Amid Wage Hike Plan

Pay Review Rebalances Allowances Amid Wage Hike Plan

The proposed ninth national pay structure for government employees is set to raise basic salaries significantly while simultaneously reshaping and, in some cases, reducing a range of allowances, according to official discussions held in Dhaka. A high-level meeting of the reconstituted committee, chaired by Cabinet Secretary Nasimul Gani at the Secretariat, reviewed the outline of […]
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World Bank Approves 450m Banking Reform Loan 1 World Bank Approves $450m Banking Reform Loan

World Bank Approves $450m Banking Reform Loan

The World Bank’s Board of Executive Directors has approved a US$450 million financing package aimed at strengthening Bangladesh’s banking sector, improving financial stability and restoring confidence among depositors. The funding is also expected to support broader economic growth and job creation by reinforcing the country’s financial infrastructure. The decision was taken on Wednesday at the […]
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Dhaka Appoints International Firms to Repatriate Stolen Assets 1 Dhaka Appoints International Firms to Repatriate Stolen Assets

Dhaka Appoints International Firms to Repatriate Stolen Assets

The Bangladeshi government has launched an extensive international asset-recovery operation to reclaim billions of pounds in defaulted loans smuggled overseas through systemic banking fraud and high-level corruption. Dhaka has signed formal Non-Disclosure Agreements (NDAs) with nine prominent international law firms to track, freeze, and eventually repatriate these stolen public funds. Operating on a strict “no […]
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Banks Told to Maintain Savings Certificate Sales 1 Banks Told to Maintain Savings Certificate Sales

Banks Told to Maintain Savings Certificate Sales

Bangladesh Bank has directed all scheduled banks to continue selling government savings certificates and ensure that investors receive uninterrupted access to these popular savings instruments. The central bank has also instructed banks to respond promptly to customer complaints and strengthen oversight of savings certificate-related services at branch level. The directive was issued on Wednesday through […]
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Prime Bank Partners Ray White 1 Prime Bank Partners Ray White

Prime Bank Partners Ray White

Prime Bank PLC has entered into a strategic partnership with Ray White Limited, aiming to enhance customer experience by offering exclusive lifestyle benefits, discounts, and priority services across selected products and services. The collaboration is designed to extend the bank’s value proposition beyond conventional financial services, aligning with the growing trend of lifestyle-oriented banking. The […]
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Bangladesh To Receive World Bank Budgetary Support 3 Bangladesh To Receive World Bank Budgetary Support

Bangladesh To Receive World Bank Budgetary Support

The World Bank Executive Board has formally announced its commitment to provide a total of 1.5 billion US dollars in budgetary assistance to Bangladesh for the upcoming 2026-27 fiscal year. According to institutional statements released on Monday, 22 June, by the national English-language news publication The Daily Star, the multilateral financial institution’s executive board is […]
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