Category: South Asia

Islami Bank Chairman Submits Resignation Amid Disputes 1 Islami Bank Chairman Submits Resignation Amid Disputes

Islami Bank Chairman Submits Resignation Amid Disputes

The chairman of Islami Bank Bangladesh PLC, M Zubaydur Rahman, has resigned from his position. On Sunday, 24 May, he formally submitted his resignation letter to the central bank, Bangladesh Bank. The development follows a period of escalating operational and administrative disagreements between senior management and regulatory officials. Mr Rahman was initially appointed as an […]
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Central Bank Permits Profits on Shipping Accounts 1 Central Bank Permits Profits on Shipping Accounts

Central Bank Permits Profits on Shipping Accounts

The central bank, Bangladesh Bank, has announced a significant financial facility aimed at Bangladeshi shipping companies and airlines that maintain global operations. Under the newly issued directive, these transport sector corporations are now permitted to invest the surplus balances of their Foreign Currency (FC) accounts into interest-bearing or profit-yielding term deposits with their respective Authorised […]
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Tight Security for Eid Cattle Markets Tight Security for Eid Cattle Markets

Tight Security for Eid Cattle Markets

The Rapid Action Battalion (RAB) has intensified nationwide surveillance and security operations ahead of Eid-ul-Azha to ensure order and safety at cattle markets, with a clear warning that no vehicle transporting sacrificial animals will be forcibly directed to any specific market under any circumstances. Speaking after inspecting the Gabtoli cattle market in the capital on […]
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Remittance Driven Currency Trends Remittance-Driven Currency Trends

Remittance-Driven Currency Trends

The presence of over ten million Bangladeshi expatriates worldwide has made foreign exchange transactions a cornerstone of Bangladesh’s economy. With rising remittance inflows, expanding international trade, and increasing import-export activities, daily monitoring of currency exchange rates has become essential for businesses, bank customers, and the general public alike. On Sunday (24 May), the latest buying […]
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