Bangladesh Bank Governor Dr Ahsan Habib Monsur has unveiled a significant initiative aimed at repatriating funds illegally transferred abroad. In a move designed to strengthen the nation’s financial integrity, commercial banks in Bangladesh have entered formal agreements with specialised international legal consortia, ensuring judicial support in recovering assets held by fugitive offenders and cross-border money […]

As Bangladesh prepares for its upcoming national elections, yields on Treasury Bills (T-bills) have witnessed a notable decline, reflecting shifting liquidity conditions and cautious investor sentiment. Financial institutions are increasingly directing surplus funds into risk-free government securities amid subdued demand for private-sector credit. Investors are prioritising capital preservation and stability in the face of impending […]

Jamuna Bank PLC has recently entered into a strategic partnership with Bangladesh’s Microcredit Regulatory Authority (MRA), signalling a new era of collaboration between the financial institution and the regulatory body. The alliance was formalised through the signing of a Memorandum of Understanding (MoU), designed to foster closer cooperation and deliver modern, technology-driven banking solutions. The […]

A Panama-flagged cargo vessel bound for Chattogram, Bangladesh, has sunk off the coast of Thailand, authorities confirmed. The incident occurred on Saturday, 7 February, at approximately 3:30 pm local time in deep waters near Phuket. The vessel, named MV Siloed Ark, measured 115 metres in length and was carrying 297 containers belonging to Bangladeshi importers. It […]

Community Bank Bangladesh PLC and Biztrade Ventures Limited have entered into a strategic partnership aimed at accelerating sustainable development and inclusive economic growth among Bangladesh’s cottage, micro, small and medium enterprises (CMSMEs). The collaboration was formally sealed through the signing of a memorandum of understanding (MoU), marking a significant step towards strengthening the nationwide “SME […]

In a decisive move to curb the illicit flow of capital and prevent the bribery of voters, the Bangladesh Bank has announced sweeping temporary restrictions on Mobile Financial Services (MFS) and internet banking. These measures, aimed at safeguarding the integrity of the upcoming 13th National Parliamentary Election, are set to take effect from midnight tonight. […]