Category: State

bKash Processes BDT 20000 Crore in Annual Remittance bKash Processes BDT 20,000 Crore in Annual Remittance

bKash Processes BDT 20,000 Crore in Annual Remittance

In a landmark achievement for Bangladesh’s financial technology sector, the mobile financial service (MFS) provider bKash has announced that it facilitated the transfer of BDT 20,000 crore (approximately £1.25 billion) in remittances during the 2025 calendar year. This significant capital influx was distributed across 4.1 million unique bKash accounts, representing a nearly twofold increase compared […]
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Surge in Remittances Ahead of National Elections 1 Surge in Remittances Ahead of National Elections

Surge in Remittances Ahead of National Elections

As Bangladesh approaches a pivotal national election, the influx of foreign remittances has witnessed an extraordinary spike, according to the latest figures from the central bank. In the first 28 days of January 2026, Bangladeshi expatriates sent home a staggering $2.94 billion, marking a profound 50.6% increase compared to the same period in the previous […]
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2026 Banking Sector Poised for Strategic Surge 2026: Banking Sector Poised for Strategic Surge

2026: Banking Sector Poised for Strategic Surge

The year 2025 marked a period of significant transformation for the banking sector. On one hand, mergers and acquisitions (M&A) accelerated at an unprecedented pace, while on the other, applications for new banking charters experienced notable growth. Analysts suggest that 2026 is unlikely to merely continue these trends—it could see them intensify and evolve in […]
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Ansvar Insurance Triumphs with 25k Charity Drive Ansvar Insurance Triumphs with £25k Charity Drive

Ansvar Insurance Triumphs with £25k Charity Drive

Brighton-based specialist insurer Ansvar Insurance has successfully concluded its ambitious and innovative “£25k in 25” fundraising campaign, raising a total of £25,216 for 16 national and local charities. Ansvar, which primarily provides insurance services to charities, non-profits, faith-based organisations, and care-sector clients, launched the employee-led initiative in January 2025 with the goal of raising £25,000 […]
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Insurance growth hindered by high costs Insurance growth hindered by high costs

Insurance growth hindered by high costs

India’s insurance sector is confronting a persistent structural hurdle, according to the Economic Survey 2025-26, released on 29 January 2026. The report stresses that the industry’s challenges are not primarily driven by weak customer demand, but by high distribution costs and structural inefficiencies that hamper both expansion and financial inclusion. The Survey underscores the difficulty […]
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Bangladesh Bank makes a 55 million purchase Bangladesh Bank makes a $55 million purchase

Bangladesh Bank makes a $55 million purchase

In a strategic move aimed at curbing the depreciation of the Bangladeshi taka against the US dollar and supporting the nation’s remittance and export sectors, Bangladesh Bank acquired a total of $55 million from five commercial banks yesterday, Thursday, through multiple auction mechanisms. According to official figures released by the central bank, the purchase rate […]
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Central Bank Nets 4 Billion to Bolster Reserves Central Bank Nets $4 Billion to Bolster Reserves

Central Bank Nets $4 Billion to Bolster Reserves

In a decisive shift of monetary strategy, Bangladesh Bank (BB) has aggressively intervened in the interbank foreign exchange market, purchasing approximately $3.93 billion during the first seven months of the 2025–26 fiscal year (FY26). This substantial accumulation marks a departure from previous years of reserve depletion and underscores a period of relative stabilisation for the […]
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Rising Gun Violence Ignites Security Fears in Jashore Rising Gun Violence Ignites Security Fears in Jashore

Rising Gun Violence Ignites Security Fears in Jashore

The southwestern border district of Jashore is grappling with a surge in violent crime, as the proliferation of illegal firearms casts a dark shadow over the region’s stability. According to police data and local reports, the district has witnessed a staggering 243 homicides over the past four years. While various weapons have been employed, the […]
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Wheat Cargo Stranded for 34 Days in Chattogram Wheat Cargo Stranded for 34 Days in Chattogram

Wheat Cargo Stranded for 34 Days in Chattogram

In a stark revelation of supply chain inefficiencies and suspected market manipulation, an executive magistrate at Chattogram Port discovered lighterage vessels laden with wheat that have been languishing in the Karnaphuli River for over a month. During a mobile court operation conducted on Thursday, officials found that several vessels had failed to discharge their cargo, […]
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