Category: State

Nagad and Citizens Bank Partner to Boost Digital Banking Services 2 Nagad and Citizens Bank Partner to Boost Digital Banking Services

Nagad and Citizens Bank Partner to Boost Digital Banking Services

Bangladesh Post Office’s mobile financial service, Nagad, has signed a strategic partnership agreement with Citizens Bank PLC to enhance financial transactions nationwide. Under the agreement, both institutions will expand operations across Trust-cum-Settlement Accounts, Add Money features, inbound remittance processing, and interbank transactions through the National Payment Switch Bangladesh (NPSB). The signing ceremony took place at […]
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China Offshore Tax Awareness Slows Hong Kong Financial Sales 1 China Offshore Tax Awareness Slows Hong Kong Financial Sales

China Offshore Tax Awareness Slows Hong Kong Financial Sales

Growing awareness of China’s existing taxation framework governing overseas investment income is set to introduce temporary volatility across Hong Kong’s banking and insurance sectors. A fresh assessment by credit ratings agency S&P Global Ratings indicates that wealth management providers in the territory face a near-term cooling in sales as mainland Chinese clients pause to evaluate […]
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Taka Exchange Rates Against Major Currencies on 15 August Taka Exchange Rates Against Major Currencies on 15 August

Taka Exchange Rates Against Major Currencies on 15 August

Foreign exchange rates remain important for Bangladeshis involved in remittances, international trade, overseas education, medical treatment and travel. Movements in the value of the taka against major global currencies can directly affect the cost of imported goods, tuition fees, foreign travel, business payments and the amount received by families from relatives working abroad. On Saturday, […]
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Ninth Pay Scale Draft Awaits Cabinet Decision Ninth Pay Scale Draft Awaits Cabinet Decision

Ninth Pay Scale Draft Awaits Cabinet Decision

The long-awaited draft of Bangladesh’s ninth National Pay Scale has reached the stage of being placed before the Cabinet, raising fresh expectations among government employees across the country. A committee led by the Cabinet Secretary has reviewed various aspects of the proposed salary structure and has reportedly finalised the draft in principle. Subject to the […]
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Shriram General Outpaces Market as Premiums Surge 23 Per Cent 3 Shriram General Outpaces Market as Premiums Surge 23 Per Cent

Shriram General Outpaces Market as Premiums Surge 23 Per Cent

Shriram General Insurance Company (SGI) has recorded a robust 23 per cent year-on-year increase in Gross Direct Premium for the first quarter of FY 2027, comfortably outstripping the broader general insurance market’s growth trajectory. During the April to June quarter, the insurer’s Gross Direct Premium rose to INR 1,180 crore ($100 million), up from INR […]
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Saudi Arabia Leads as Monthly Remittances Reach 2.85 Billion Dollars Saudi Arabia Leads as Monthly Remittances Reach 2.85 Billion Dollars

Saudi Arabia Leads as Monthly Remittances Reach 2.85 Billion Dollars

Non-resident Bangladeshis channelled 2.858 billion US dollars in remittances during July, the opening month of the 2026–27 financial year. The encouraging surge in formal banking transfers provides much-needed support to the country’s foreign exchange reserves and broader macroeconomic stability. Data released by the Statistics Department of Bangladesh Bank reveals that the vast majority of these […]
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Bangladesh Bank Cancels Chief Economists Remaining Contract Bangladesh Bank Cancels Chief Economist’s Remaining Contract

Bangladesh Bank Cancels Chief Economist’s Remaining Contract

Bangladesh Bank has cancelled the remaining term of Chief Economist Mohammad Akhtar Hossain’s contractual appointment, bringing his tenure to an early end. The decision was announced in a notification issued on Wednesday by the central bank’s Human Resources Department-1. According to the notice, the remaining period of Hossain’s contractual appointment as chief economist will be […]
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Dollar Rises as Key Foreign Exchange Rates Set for 13 August Dollar Rises as Key Foreign Exchange Rates Set for 13 August

Dollar Rises as Key Foreign Exchange Rates Set for 13 August

Foreign exchange rates play a vital role in Bangladesh’s economy, influencing remittances, international trade, imports, exports and a wide range of cross-border financial transactions. With more than 10 million Bangladeshis living and working abroad, the value of foreign currencies against the taka is particularly significant for families receiving remittances as well as businesses engaged in […]
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Expatriate's Wife Scandal Jubo Dal Ousts Member Over Inappropriate Footage

Expatriate’s Wife Scandal: Jubo Dal Ousts Member Over Inappropriate Footage

The Bangladesh Jatiyatabadi Jubo Dal, the youth wing of the Bangladesh Nationalist Party (BNP), has officially expelled Saiful Islam, an executive member of its Sonagazi Upazila unit in Feni district, following allegations of moral turpitude and breach of party discipline. The decision came in the wake of a scandal involving an objectionable video featuring the […]
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Chhatra Dal Leader Accused of Attempted Rape of Pregnant Woman

Chhatra Dal Leader Accused of Attempted Rape of Pregnant Woman

A formal police complaint has been lodged against a local leader of the Bangladesh Jatiyatabadi Chhatra Dal (JCD)—the student wing of the Bangladesh Nationalist Party (BNP)—following allegations of an attempted sexual assault on a seven-month pregnant woman in Shariatpur. The incident, which took place on 5 August in Dhali Kandi village under the Char Kumaria […]
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