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Category: Economy

Dhaka ATM Networks Overwhelmed By Holiday Cash Demand

Dhaka ATM Networks Overwhelmed By Holiday Cash Demand

Commercial Automated Teller Machine (ATM) networks throughout Dhaka are facing severe operational strains, leaving numerous bank clients unable to complete cash transactions during the intense retail rush preceding Eid-ul-Azha. The crisis has intensified following the closure of physical bank branches for a scheduled seven-day festive vacation, forcing the public to rely almost entirely on automated […]
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BRAC Bank Promotional Roadshow Introduces SME e-Loan

BRAC Bank Promotional Roadshow Introduces SME e-Loan

BRAC Bank has successfully concluded a multi-district promotional roadshow aimed at accelerating the adoption of “Shafollo”, Bangladesh’s first fully digital small and medium enterprise (SME) e-loan product. The initiative represents a notable advance in the automated financial inclusion of small-scale commercial enterprises within the country’s banking infrastructure. The promotional campaign, structured under the title “Shafollo […]
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Bangladesh Faces Rising Pressures From Looming Sovereign Debt 1 Bangladesh Faces Rising Pressures From Looming Sovereign Debt

Bangladesh Faces Rising Pressures From Looming Sovereign Debt

Sovereign financial obligations and internal borrowing frameworks have undergone significant re-alignments during the current fiscal year. According to the latest comprehensive economic briefing published by the International Monetary Fund (IMF) in its formal “Article IV Consultation Report”, the total public debt accumulated by Bangladesh has reached an unprecedented 188.79 billion US dollars for the 2024–25 […]
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MS Amlin Reports Strong Premium and Profit Growth 1 MS Amlin Reports Strong Premium and Profit Growth

MS Amlin Reports Strong Premium and Profit Growth

The global reinsurance and insurance specialist MS Amlin has disclosed its financial results for the twelve months ending 31 December 2025, revealing a substantial increase in profitability. According to the company’s financial statements prepared under International Financial Reporting Standard 17 (IFRS 17) regulations, the corporation achieved a net profit after tax of $312 million (£268 […]
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Hong Kong Insurers Confront Escalating Tech Challenges 2 Hong Kong Insurers Confront Escalating Tech Challenges

Hong Kong Insurers Confront Escalating Tech Challenges

Hong Kong’s insurance sector is facing mounting pressure to modernise its payment infrastructures and enhance cyber protection mechanisms. This comes at a time when consumers are increasingly demanding rapid digital services, whilst local enterprises find themselves exposed to intensifying artificial intelligence (AI)-driven and supplier-linked cyber risks. Digital Demands and Legacy Impediments A report published by […]
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Importers and Lenders Face Disruptions From Trade Finance Cap

Importers and Lenders Face Disruptions From Trade Finance Cap

The Association of Bankers, Bangladesh (ABB) has formally appealed to Bangladesh Bank to revise its recently tightened ceiling on foreign currency trade financing interest rates. In an official memorandum dated 14 May 2026, obtained by The Business Standard, the apex body of commercial banks asserted that capping short-term credit lines at the Secured Overnight Financing […]
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Central Bank and Shimanto Bank Partner for CMSME Growth

Central Bank and Shimanto Bank Partner for CMSME Growth

Shimanto Bank PLC has entered into a formal partnership with the central bank of Bangladesh to enhance credit availability for Cottage, Micro, Small, and Medium Enterprises (CMSMEs) nationwide. The private commercial lender executed two distinct participation agreements with Bangladesh Bank, aligning with the Cluster Financing Scheme and the FSFDMSME Refinancing Scheme. Managed under the auspices […]
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Prime Bank Unveils Cashless QR Cattle Purchasing System

Prime Bank Unveils Cashless QR Cattle Purchasing System

Prime Bank PLC has launched a specialized Bangla QR-based transaction system tailored for purchasing sacrificial livestock ahead of the Eid-ul-Adha festival. This development represents the first deployment of a unified, interoperable QR code payment infrastructure within Bangladesh’s traditional livestock trading sector. The digital system allows shoppers to complete high-value retail acquisitions electronically, eliminating the security […]
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