The chairman of Islami Bank Bangladesh PLC, M Zubaydur Rahman, has resigned from his position. On Sunday, 24 May, he formally submitted his resignation letter to the central bank, Bangladesh Bank. The development follows a period of escalating operational and administrative disagreements between senior management and regulatory officials. Mr Rahman was initially appointed as an […]

The Managing Director of Oasis High-Tech Sportswear Limited, Mo. Ashfakur Rahman Chowdhury, has been remanded to prison by a judicial court in Comilla following his apprehension in connection with a multi-million-pound loan default and cheque dishonour case. The formal detention order was issued by the presiding magistrate on Saturday afternoon, 23 May 2026. The suspect […]

The central bank of Bangladesh, Bangladesh Bank, has officially announced a comprehensive stimulus package valued at 60,000 crore taka aimed at restarting closed industrial factories across the country. The strategic initiative has been designed by the financial regulatory authority to boost national production capacities, enhance export assistance, support private sector development, generate new employment opportunities, […]

Bangladesh Bank has officially introduced a substantial macroeconomic stimulus package valued at 60,000 crore Taka. This specialized incentive fund has been designed to revitalise the industrial sector and stimulate the wider national economy, allowing domestic entrepreneurs to secure credit lines at a heavily subsidised interest rate of 7 per cent. The strategic initiative was formally […]