Category: South Asia

IMF Reform Mandates Drive Restructuring of Bangladesh Insurance Sector

IMF Reform Mandates Drive Restructuring of Bangladesh Insurance Sector

The insurance sector in Bangladesh is currently undergoing a period of rigorous transformation, dictated by the reform roadmap and loan conditions set by the International Monetary Fund (IMF). Alongside the banking sector, the insurance industry is being compelled to adopt significant changes in governance, transparency, customer service, and investment frameworks. Historically plagued by lengthy delays, […]
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New Momentum for Sammilito Islami Bank Merger Process

New Momentum for Sammilito Islami Bank Merger Process

Following several weeks of administrative paralysis, the government has moved to regularise the operations of Sammilito Islami Bank by initiating the selection process for its top executive. This development follows a period of uncertainty regarding the governance of the institution, which was formed through a large-scale merger of five distressed Shariah-based banks. The process coincides […]
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Trust Bank Concludes Entrepreneurship Training Program in Saidpur

Trust Bank Concludes Entrepreneurship Training Program in Saidpur

Trust Bank PLC has successfully finalised the second batch of its month-long Entrepreneurship Development Program in Saidpur, Nilphamari. Operating under the Skills for Industry Competitiveness and Innovation Program (SICIP), the initiative reflects the bank’s dedicated efforts to promote sustainable business development and empower local entrepreneurs at the grassroots level. Strategic Foundation and Implementation The training […]
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Bangladesh Remittance Inflow Surges Ahead Of Eid Festival 1 Bangladesh Remittance Inflow Surges Ahead Of Eid Festival

Bangladesh Remittance Inflow Surges Ahead Of Eid Festival

The flow of inward remittances to Bangladesh has witnessed a significant upward trend during the initial period of May 2026, driven largely by the upcoming religious festival of Eid-ul-Adha. Projections suggest that non-resident Bangladeshis are accelerating their fund transfers to support family expenditures related to the sacrificial festival, which is expected to take place toward […]
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DMD Arrested Over 11m Real Estate Fraud DMD Arrested Over £11m Real Estate Fraud

DMD Arrested Over £11m Real Estate Fraud

The Criminal Investigation Department (CID) of the Bangladesh Police has arrested the Deputy Managing Director (DMD) of a real estate firm for his alleged involvement in the embezzlement of approximately BDT 120 crore (approximately £11 million). The suspect, identified as 54-year-old Haidar Kabir Mithun, served as the DMD of Holistic Home Builders Limited. The arrest […]
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Youth League Leader Arrested for Cattle Theft Youth League Leader Arrested for Cattle Theft

Youth League Leader Arrested for Cattle Theft

Law enforcement authorities in Sirajdikhan Upazila, Munshiganj, have apprehended a local Jubo League leader and an accomplice in connection with the theft and subsequent slaughter of a bull. The suspects, identified as 37-year-old Sohel and 35-year-old Makbul, were taken into custody on Saturday night, 9 May, following a targeted police operation in the Hajigaon area […]
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