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Category: Economy

New Momentum for Sammilito Islami Bank Merger Process

New Momentum for Sammilito Islami Bank Merger Process

Following several weeks of administrative paralysis, the government has moved to regularise the operations of Sammilito Islami Bank by initiating the selection process for its top executive. This development follows a period of uncertainty regarding the governance of the institution, which was formed through a large-scale merger of five distressed Shariah-based banks. The process coincides […]
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Trust Bank Concludes Entrepreneurship Training Program in Saidpur

Trust Bank Concludes Entrepreneurship Training Program in Saidpur

Trust Bank PLC has successfully finalised the second batch of its month-long Entrepreneurship Development Program in Saidpur, Nilphamari. Operating under the Skills for Industry Competitiveness and Innovation Program (SICIP), the initiative reflects the bank’s dedicated efforts to promote sustainable business development and empower local entrepreneurs at the grassroots level. Strategic Foundation and Implementation The training […]
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Bangladesh Remittance Inflow Surges Ahead Of Eid Festival 1 Bangladesh Remittance Inflow Surges Ahead Of Eid Festival

Bangladesh Remittance Inflow Surges Ahead Of Eid Festival

The flow of inward remittances to Bangladesh has witnessed a significant upward trend during the initial period of May 2026, driven largely by the upcoming religious festival of Eid-ul-Adha. Projections suggest that non-resident Bangladeshis are accelerating their fund transfers to support family expenditures related to the sacrificial festival, which is expected to take place toward […]
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Taka Holds Steady Amid Currency Volatility Taka Holds Steady Amid Currency Volatility

Taka Holds Steady Amid Currency Volatility

Foreign exchange markets in Bangladesh continue to experience persistent fluctuations as global economic uncertainty, including ongoing geopolitical tensions in the Middle East, exerts pressure on currency valuations. On Sunday, trading in the domestic currency market remained active, with most major foreign currencies showing an upward trend against the Bangladeshi Taka. According to data released by […]
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Economic Democracy Beyond Politics Economic Democracy Beyond Politics

Economic Democracy Beyond Politics

The Finance Minister Amir Khosru Mahmud Chowdhury has emphasised that democratic principles must extend beyond politics into the economic sphere, arguing that true inclusivity cannot be achieved unless economic participation is broadened for all citizens. Speaking at the inauguration of the second phase of the “RAISE” project—an initiative jointly implemented by the Palli Karma-Sahayak Foundation […]
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IMF Driven Reforms Pressure Insurance Sector 1 IMF-Driven Reforms Pressure Insurance Sector

IMF-Driven Reforms Pressure Insurance Sector

Bangladesh’s insurance sector is undergoing increasing scrutiny and reform pressure under the International Monetary Fund (IMF)-supported financial programme. Alongside the banking sector, insurers are being urged to improve governance, transparency, customer service, claims settlement efficiency, and investment practices as part of broader structural reforms. The reform agenda forms part of the IMF’s Extended Credit Facility […]
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State Banks Profit and Loss Shift State Banks Profit and Loss Shift

State Banks Profit and Loss Shift

State-owned commercial banks in Bangladesh were once regarded as key drivers of the national economy, playing a significant role in financing major industrial enterprises. Over time, however, their role in new industrial lending has diminished. At the same time, concerns over irregularities and governance weaknesses have increasingly placed these institutions among the more vulnerable segments […]
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Zenith Islami Life Settles Death Claim

Zenith Islami Life Settles Death Claim

Zenith Islami Life Insurance PLC has successfully processed and disbursed a death claim settlement to the designated nominee of a deceased policyholder. The formal ceremony was conducted on Saturday, 9 May, at the insurer’s branch premises located in Companiganj, Cumilla. The disbursement involved a financial settlement of 197,000 BDT, which was issued to the beneficiary […]
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Loan Rescheduling Masks Fragility Within Bangladesh Banking Sector

Loan Rescheduling Masks Fragility Within Bangladesh Banking Sector

Financial reports for 2025 reveal a stark dichotomy in the Bangladeshi banking sector: record-breaking profits set against a backdrop of declining core business performance. Sonali Bank PLC, the nation’s largest state-owned lender, exemplifies this trend, posting a net profit of Tk1,313 crore—a 33% increase over the previous year—despite a 77% collapse in net interest income. […]
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City Bank Bolsters Pediatric ICUs During Measles Surge

City Bank Bolsters Pediatric ICUs During Measles Surge

City Bank PLC has reinforced its commitment to the public health sector by enhancing critical pediatric care facilities at two of Bangladesh’s primary medical institutions. This intervention is a direct response to the prevailing measles outbreak, which has significantly increased the demand for specialised medical treatment for children nationwide. Enhancing Critical Care Capacity The bank’s […]
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