Category: State

NBR Official Faces Wealth Probe NBR Official Faces Wealth Probe

NBR Official Faces Wealth Probe

A senior official of Bangladesh’s National Board of Revenue (NBR) is under scrutiny after investigators uncovered substantial assets allegedly acquired beyond his known sources of income, according to findings from the Anti-Corruption Commission (ACC). The official, Kazi Abu Mahmud Faisal, is accused of amassing movable and immovable properties worth millions of taka, both in his […]
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Agentic AI Compresses Traditional Insurance Development Cycles Agentic AI Compresses Traditional Insurance Development Cycles

Agentic AI Compresses Traditional Insurance Development Cycles

A significant joint whitepaper published by management consultancy Synpulse and artificial intelligence specialist 360F has revealed that the integration of agentic AI can drastically curtail the protracted development cycles synonymous with the insurance sector. Historically, bringing a new insurance offering to market has required a timeline of six to twelve months; however, the new research […]
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Central Bank Eases Eligibility Criteria for Banking Sector Performance Bonuses Central Bank Eases Eligibility Criteria for Banking Sector Performance Bonuses

Central Bank Eases Eligibility Criteria for Banking Sector Performance Bonuses

The Bangladesh Bank has introduced a refined framework regarding the disbursement of incentive bonuses for bank officials and employees, introducing a measured degree of regulatory flexibility. Under the newly enacted provisions, scheduled banks are now permitted to grant a performance bonus—capped at a maximum of one month’s basic salary—in recognition of specific institutional milestones, even […]
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HDI Warns Victoria Peak Safety Measures May Fail Under Climate Extremes HDI Warns Victoria Peak Safety Measures May Fail Under Climate Extremes

HDI Warns Victoria Peak Safety Measures May Fail Under Climate Extremes

A comprehensive analysis conducted by HDI Risk Consulting has highlighted the growing vulnerability of Hong Kong’s Victoria Peak to the escalating effects of climate change. The report, which forms part of the insurer’s Iconic Landmarks Series, warns that current safety safeguards—though historically successful—are being pushed beyond their intended operational limits by unprecedented weather events. As […]
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CTF Life Unveils Strategic Wealth Solution with Projected 6.5 IRR CTF Life Unveils Strategic Wealth Solution with Projected 6.5% IRR

CTF Life Unveils Strategic Wealth Solution with Projected 6.5% IRR

CTF Life has formally announced the launch of the MyWealth Beyond Savings Insurance Plan, a sophisticated wealth management instrument engineered to facilitate long-term capital growth through versatile premium structures and a dynamic asset allocation framework. This product enters the market with a projected total internal rate of return (IRR) of up to 6.5% by the […]
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IPDC Records Robust 2025 Growth IPDC Records Robust 2025 Growth

IPDC Records Robust 2025 Growth

IPDC Finance PLC, one of Bangladesh’s pioneering private-sector financial institutions, delivered a strong financial performance in 2025, demonstrating resilience amid ongoing global and domestic macroeconomic pressures. The company reported a 25.39 per cent year-on-year increase in post-tax net profit, reaching BDT 455 million, reflecting improved operational efficiency, disciplined risk management, and strengthened cost control measures. […]
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Rumeen Farhana Seeks Parliamentary Review of US Deal

Rumeen Farhana Seeks Parliamentary Review of US Deal

An independent Member of Parliament has urged that a recently signed trade agreement between Bangladesh and the United States be formally placed before the National Parliament for detailed scrutiny and debate, citing concerns over transparency, timing, and potential economic implications. Rumeen Farhana raised the issue during Wednesday’s parliamentary sitting while speaking on a point of […]
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Dhaka Bank Declares Ten Percent Cash Dividend

Dhaka Bank Declares Ten Percent Cash Dividend

Dhaka Bank PLC has recommended a 10 per cent cash dividend for shareholders for the financial year ended 31 December 2025, reflecting an improved financial position and stronger operational performance compared with the previous year. The proposal was approved by the board of directors after reviewing the bank’s audited financial statements. The decision was taken […]
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Government Debt from Banks Tops One Trillion in Nine Months

Government Debt from Banks Tops One Trillion in Nine Months

Government borrowing from the banking system has surged past its annual target within just nine months, reflecting mounting pressure on public finances amid weak revenue performance and rising expenditure needs. The growing reliance on domestic bank credit highlights the widening gap between income and spending in the current fiscal year. Official figures show that the […]
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BFIU Orders Anti-Corruption Pledges for Bank Chiefs

BFIU Orders Anti-Corruption Pledges for Bank Chiefs

In a robust effort to tighten regulatory discipline and rebuild credibility in the financial sector, the Bangladesh Financial Intelligence Unit (BFIU) has instructed the top leadership of all scheduled banks to sign binding declarations against corruption and money laundering. The directive, issued through an internal circular, reflects a heightened regulatory response to persistent governance shortcomings […]
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