Category: Business

banks to close for parliamentary elections Banks to Close for Parliamentary Elections

Banks to Close for Parliamentary Elections

In anticipation of the Thirteenth National Parliamentary Election and the accompanying referendum, all scheduled banks across Bangladesh will remain closed on 11 and 12 February, corresponding to Wednesday and Thursday respectively. During these two days, in-branch banking services, including cash withdrawals and transactions, will be suspended, although online and mobile banking services are expected to […]
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weak bond market intensifies banking sector strain Weak Bond Market Intensifies Banking Sector Strain

Weak Bond Market Intensifies Banking Sector Strain

Bangladesh’s banking sector is under mounting pressure, with rising non-performing loans (NPLs) exposing the vulnerabilities of a bank-centric financing system. As of September 2025, NPLs accounted for more than 35 per cent of total outstanding loans, highlighting deep-rooted structural weaknesses compounded by irregularities and corruption in loan approval and disbursement. Historically, bank-dependent financing has been […]
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stricter mobile banking controls ahead of elections Stricter Mobile Banking Controls Ahead of Elections

Stricter Mobile Banking Controls Ahead of Elections

Bangladesh Bank is preparing to implement tighter restrictions on mobile financial service (MFS) transactions in the lead-up to the forthcoming parliamentary elections. The move is aimed at curbing illegal money transfers and ensuring a transparent financial environment during the sensitive election period. Under the proposed plan, customers using popular MFS platforms such as bKash, Rocket, […]
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asia pacific insurance faces complex challenges Asia-Pacific Insurance Faces Complex Challenges

Asia-Pacific Insurance Faces Complex Challenges

The Asia-Pacific insurance sector is entering 2026 amid a highly complex and dynamic landscape. Geopolitical shifts, natural disasters, the rapid adoption of artificial intelligence (AI), and pressures on financial markets are collectively testing the resilience of insurers across the region. According to S&P Global Market Intelligence’s APAC 2026 Insurance Outlook, overall premium growth is expected […]
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new tax reliefs introduced for 2026 returns New Tax Reliefs Introduced for 2026 Returns

New Tax Reliefs Introduced for 2026 Returns

Taxpayers in Bangladesh have until 28 February 2026 to submit their income tax returns. This year, online submission is mandatory, as the traditional paper-based system has been discontinued. Although the authorities previously granted three separate extensions, many taxpayers are still preparing to file at the last minute. For 2026, individual income up to BDT 350,000 […]
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islami bank reaffirms service excellence drive Islami Bank Reaffirms Service Excellence Drive

Islami Bank Reaffirms Service Excellence Drive

Islami Bank Bangladesh PLC has reiterated its commitment to strengthening service quality and reinforcing public confidence through a renewed, institution-wide service improvement programme. The pledge was underscored at a staff conference held in Dhaka, bringing together officials and employees from three operational zones and five corporate branches. The breadth of participation reflected the bank’s emphasis […]
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imf warns on funding weak banks in bangladesh IMF Warns on Funding Weak Banks in Bangladesh

IMF Warns on Funding Weak Banks in Bangladesh

The International Monetary Fund (IMF) has issued a stern warning to Bangladesh against providing unsecured liquidity to financially weak banks, stressing that such actions could undermine the country’s macroeconomic stability. The Fund also called for the comprehensive and consistent implementation of foreign exchange rate reforms. Following the political upheaval in 2024 and ahead of the […]
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