Category: State

Bangladeshi Ship Sets Sail Through Hormuz Strait After Ceasefire

Bangladeshi Ship Sets Sail Through Hormuz Strait After Ceasefire

After being stranded in the Persian Gulf for over a month due to the Middle Eastern conflict, the Bangladeshi-flagged vessel MV Banglar Joyatra has resumed its journey through the strategic Strait of Hormuz. The ship, operated by the Bangladesh Shipping Corporation (BSC), carries a crew of 31 Bangladeshi seafarers. According to MarineTraffic monitoring, the vessel […]
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Insurance for Single Mothers Protection or Restriction

Insurance for Single Mothers: Protection or Restriction?

The number of single mothers in Bangladesh is steadily rising, bringing the issue of financial security into sharp focus. For women raising children alone on limited incomes, the responsibility of managing household expenses and securing their children’s future rests entirely on their shoulders. In this context, savings and life insurance are increasingly viewed not as […]
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City Bank Receives Tk 1,200 Crore Bond Approval

City Bank Receives Tk 1,200 Crore Bond Approval

The Bangladesh Securities and Exchange Commission (BSEC) has approved a Tk 1,200 crore subordinated bond issued by City Bank, one of the country’s leading private banks. The seven-year bond aims to strengthen the bank’s Tier-2 capital and support its growing lending operations across corporate, retail, and SME sectors. The approval was granted during the 1007th […]
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NBR Pushes Digital Integration with Banks

NBR Pushes Digital Integration with Banks

The National Board of Revenue (NBR) has launched a major initiative to digitally link taxpayers’ financial records with banks, enabling automatic access to essential information for tax filings. The programme is expected to reduce manual processes, minimise taxpayer inconvenience, and enhance transparency in revenue collection. Under the scheme, taxpayers will be able to link closing […]
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Offshore Dollar Loans to Boost Export Competitiveness

Offshore Dollar Loans to Boost Export Competitiveness

The Bangladesh Bank is preparing to offer exporters offshore dollar loans at an interest rate of 8%, a significant reduction from the 14–16% charged on domestic currency loans. The central bank is expected to issue a formal circular shortly, detailing operational procedures and eligibility criteria for this new facility. The initiative aims to lower financing […]
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Forex Manipulation Fears Intensify

Forex Manipulation Fears Intensify

Bangladesh’s central bank has sounded the alarm over a suspected attempt by vested groups to engineer instability in the country’s foreign-exchange market, exploiting global uncertainty stemming from the ongoing Middle East conflict. Officials at Bangladesh Bank say they have identified efforts to create an artificial dollar shortage by fuelling rumours of a steep depreciation of […]
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DBBL–Karmasangsthan Bank Digital Payment Pact Signed DBBL–Karmasangsthan Bank Digital Payment Pact Signed

DBBL–Karmasangsthan Bank Digital Payment Pact Signed

A significant step towards expanding digital financial inclusion and easing repayment processes for borrowers has been formalised through a new agreement between Dutch-Bangla Bank PLC and Karmasangsthan Bank. The initiative is designed to enable seamless collection of loan instalments and savings deposits through modern banking channels, reducing reliance on traditional cash-based systems. The agreement was […]
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Bangladesh Bank Assures Protection For Shariah Boards Independence Bangladesh Bank Assures Protection For Shariah Boards Independence

Bangladesh Bank Assures Protection For Shariah Boards Independence

The Bangladesh Bank has pledged to ensure the independence and protection of Shariah supervisory boards as part of a broader effort to strengthen governance within the country’s Islamic banking sector. The assurance was delivered by Governor Dr. Md. Mostafizur Rahman during a high-level consultative meeting held at the central bank’s headquarters. Addressing the session titled […]
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BIMA Sugam Launch Promises Commission Free Insurance BIMA Sugam Launch Promises Commission-Free Insurance

BIMA Sugam Launch Promises Commission-Free Insurance

India is set to witness a major transformation in the way insurance is purchased with the anticipated launch of the BIMA Sugam platform in June. Designed as a one-stop digital solution, the platform aims to simplify insurance procurement, renewal, and claims processing while eliminating the need for intermediaries or commission payments. According to recent reports, […]
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