Category: State

Sonali Bank Erases Capital Deficit with Hallmark Recovery Sonali Bank Erases Capital Deficit with Hallmark Recovery

Sonali Bank Erases Capital Deficit with Hallmark Recovery

In a landmark achievement for Bangladesh’s financial sector, Sonali Bank PLC has successfully transformed a multi-billion Taka capital shortfall into a surplus, bolstered by the recovery of 300 crore BDT from the infamous Hallmark Group. During a press conference at the bank’s headquarters on Tuesday, 13 January 2026, Managing Director and CEO Md Shawkat Ali […]
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PBI Cites Fraudulent Evidence for Clearing Sheikh Hasina

PBI Cites Fraudulent Evidence for Clearing Sheikh Hasina

The Police Bureau of Investigation (PBI) has provided a detailed justification for its decision to recommend the discharge of former Prime Minister Sheikh Hasina and 112 other individuals from an attempted murder case. Following intense public and social media scrutiny, the bureau revealed that the legal proceedings were based on entirely fabricated identities and a […]
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Audit Firms Face Sanctions Over Distorted Bank Accounts Audit Firms Face Sanctions Over Distorted Bank Accounts

Audit Firms Face Sanctions Over Distorted Bank Accounts

The Finance Adviser, Dr Salehuddin Ahmed, has sent a stern warning to the auditing profession, confirming that the government is preparing to take punitive action against firms that certified the financial health of five troubled banks. Speaking to the press at the Secretariat on Tuesday, following a session of the Government Purchase Committee, Dr Ahmed […]
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Chartered Insurer S.M. Ibrahim Hossain Joins BIA Leadership Chartered Insurer S.M. Ibrahim Hossain Joins BIA Leadership

Chartered Insurer S.M. Ibrahim Hossain Joins BIA Leadership

The Bangladesh Insurance Association (BIA) has announced the strategic appointment of S.M. Ibrahim Hossain, ACII (UK), as its new Senior Consultant. A veteran of the insurance sector with a career spanning over three decades, Mr Hossain brings a wealth of technical expertise and regulatory insight to the apex body of the country’s private insurance companies. […]
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Sharia compliant loans now at Expatriates Welfare Bank Asif Nazrul Sharia-compliant loans now at Expatriates’ Welfare Bank: Asif Nazrul

Sharia-compliant loans now at Expatriates’ Welfare Bank: Asif Nazrul

Dhaka, 13 January 2026 (BASS) – In a significant development for the Bangladeshi expatriate community, Dr. Asif Najrul, Advisor to the Interim Government on the Ministries of Expatriate Welfare & Overseas Employment and Youth & Sports, has announced that Probashi Kallyan Bank will soon roll out a Sharia-compliant loan programme aimed at supporting non-resident Bangladeshis. […]
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Twenty four days after a violent Udichi Alleges Government Silence After Arson Attack

Udichi Alleges Government Silence After Arson Attack

Twenty-four days after a violent attack and arson reduced large parts of its central office to ashes, Bangladesh’s renowned cultural organisation Udichi Shilpigosthi says it has received no visit, inquiry, or even a gesture of sympathy from any responsible member of the interim government. The allegation was made during a public exhibition and press conference […]
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Taiwan Insurance Giants Merge to Form Powerhouse

Taiwan Insurance Giants Merge to Form Powerhouse

In a landmark consolidation within Taiwan’s insurance sector, Shin Kong Life Insurance and Taishin Life Insurance, both subsidiaries of TS Financial Holdings Co. (TS Holdings), have officially completed their merger. The integration marks one of the most significant structural shifts in the country’s life insurance market. Under the merger agreement, Taishin Life Insurance has been […]
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Central Bank Conducts Major Dollar Purchase

Central Bank Conducts Major Dollar Purchase

On Monday, 12 January, Bangladesh Bank acquired USD 81 million from ten commercial banks through a scheduled auction, officials confirmed. Arif Hossain Khan, Executive Director and spokesperson of the central bank, stated that the transaction was executed at an exchange rate of BDT 122.30 per US dollar. The auction was conducted in accordance with the […]
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Clash Between BNP and Jamat Supporters Leaves Three Injured at Netrokona

Clash Between BNP and Jamat Supporters Leaves Three Injured at Netrokona

In Netrokona’s Kendua Upazila, a violent confrontation between supporters of the BNP and Jamaat-e-Islami on Monday night (12 January) left three individuals injured, heightening tensions in the Royailbari Union’s Bangbazar area for several hours. The incident alarmed local residents, prompting immediate police intervention. According to eyewitnesses, the clash erupted in the evening following a heated […]
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