Category: State

Community Bank Arranges Textile Syndicated Facility

Community Bank Arranges Textile Syndicated Facility

Community Bank Bangladesh PLC has signed syndication mandate agreements with R.A. Spinning Mills Ltd. and Outpace Spinning Mills Ltd. to arrange a syndicated financing facility amounting to BDT 6,500 million. The initiative is designed to strengthen the financial capacity and operational expansion of the two textile manufacturing companies, both of which play an active role […]
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City Bank and Toyota Seal Partnership

City Bank and Toyota Seal Partnership

City Bank PLC and Toyota Bangladesh Limited have entered into a strategic partnership aimed at strengthening financial cooperation and supporting the operational growth of the automobile company in Bangladesh. The partnership was formalised through the signing of a Memorandum of Understanding at the head office of City Bank in Dhaka, signalling a new phase of […]
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Dhaka Metropolitan Police Detain Sixty in Co ordinated Swoop Dhaka Metropolitan Police Detain Sixty in Co-ordinated Swoop

Dhaka Metropolitan Police Detain Sixty in Co-ordinated Swoop

In a decisive move to bolster urban security and curb rising petty crime, the Dhaka Metropolitan Police (DMP) conducted a series of extensive special operations across the capital over the weekend. The raids, spanning Saturday and Sunday, resulted in the apprehension of 60 individuals allegedly involved in a variety of criminal activities, ranging from narcotics […]
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Central Bank Slashes Red Tape for Overseas Investors Central Bank Slashes Red Tape for Overseas Investors

Central Bank Slashes Red Tape for Overseas Investors

In a decisive move to bolster foreign direct investment (FDI) and enhance the ease of doing business, the Bangladesh Bank has significantly liberalised the regulations governing the repatriation of capital by foreign investors. The central bank has announced that overseas shareholders may now repatriate proceeds from the sale or transfer of shares up to a […]
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BIA Appeals for Insurance Licence Fee Waivers BIA Appeals for Insurance Licence Fee Waivers

BIA Appeals for Insurance Licence Fee Waivers

The Bangladesh Insurance Association (BIA) has formally petitioned the Insurance Development and Regulatory Authority (IDRA) to waive the remaining licence renewal fees for both life and non-life insurance companies for the 2026 calendar year. This move comes as the industry seeks fiscal breathing room amidst a shifting regulatory and economic landscape. A Formal Appeal for […]
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US Explores Government Backed Oil Shipping Insurance US Explores Government-Backed Oil Shipping Insurance

US Explores Government-Backed Oil Shipping Insurance

Amid escalating tensions in the Middle East, the United States administration is reportedly considering an unexpected tool to mitigate rising oil prices: government-backed insurance. With diplomatic friction and military strikes intensifying, ensuring the security of the Strait of Hormuz and the uninterrupted flow of oil has become a pressing concern for global markets. Strait of […]
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Zurich Insurance to Acquire RedClick in Ireland Zurich Insurance to Acquire RedClick in Ireland

Zurich Insurance to Acquire RedClick in Ireland

Zurich Insurance has announced today that it will acquire the Irish non-life general insurance business of Generali, trading under the RedClick brand, for €337 million. The transaction, once finalised, is expected to significantly strengthen Zurich’s presence in the Irish insurance market and position it among the top three providers of life and non-life insurance in […]
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Bangladesh Bank Simplifies Foreign Share Repatriation Bangladesh Bank Simplifies Foreign Share Repatriation

Bangladesh Bank Simplifies Foreign Share Repatriation

Bangladesh Bank has streamlined the process for foreign investors to transfer shares and repatriate proceeds from sales, enhancing transparency and efficiency. The central bank issued a new master circular on 8 March 2026, specifically targeting private and public limited companies that are not listed on the stock exchange. The circular consolidates and updates prior directives […]
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Remittance Inflows Surpass 1.06 Billion Early March Remittance Inflows Surpass $1.06 Billion Early March

Remittance Inflows Surpass $1.06 Billion Early March

In the first seven days of March, Bangladesh witnessed a remarkable inflow of remittances from its expatriate community, exceeding $1.06 billion. According to Bangladesh Bank spokesperson Arif Hossain Khan, this translates to approximately $15.27 million per day, signalling a robust start to the month. Comparatively, during the same period last year, remittances totalled only $775 […]
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