Category: Business

shadow of crisis in the garment sector Shadow of Crisis in the Garment Sector

Shadow of Crisis in the Garment Sector

The Bangladeshi government’s recent decision to withdraw bonded warehouse facilities for the import of 10–30 count cotton yarn, aimed at protecting the domestic spinning industry, has sparked serious concern among stakeholders in the country’s leading export sector: ready-made garments. Industry representatives warn that the move could precipitate a major crisis in production and export operations. […]
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the urgent need for insurance software in bangladesh The Urgent Need for Insurance Software in Bangladesh

The Urgent Need for Insurance Software in Bangladesh

As Bangladesh undergoes a rapid digital metamorphosis, the financial services landscape is being fundamentally reshaped. With mobile financial services (MFS) becoming the primary mode for transactions, bill payments, and retail, consumer expectations have shifted towards immediacy and transparency. For the domestic insurance sector—traditionally hampered by archaic, paper-based workflows—the adoption of integrated insurance software is no […]
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private banks brace for top leadership changes Private Banks Brace for Top Leadership Changes

Private Banks Brace for Top Leadership Changes

Significant leadership transitions are set to unfold across Bangladesh’s private banking sector from next month, as multiple banks prepare to appoint new Managing Directors (MDs). These changes are primarily driven by mandatory retirement upon reaching the age limit, completion of fixed-term contracts, and, in some cases, voluntary resignations. Analysts in the sector emphasise that these […]
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strategic overhaul in asias insurance sector Strategic Overhaul in Asia’s Insurance Sector

Strategic Overhaul in Asia’s Insurance Sector

The week of 12–16 January 2026 witnessed a series of significant strategic developments across Asia’s insurance sector, highlighting the region’s ongoing digital transformation, portfolio optimisation, embedded insurance partnerships, and leadership transitions. Analysts suggest that these initiatives are enabling insurers to respond more effectively to shifting customer demands, evolving regulatory requirements, and long-term capital management objectives. […]
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trump pushes us banks on credit card rates Trump Pushes U.S. Banks on Credit Card Rates

Trump Pushes U.S. Banks on Credit Card Rates

The United States banking sector is confronting a complex political and operational challenge following President Donald Trump’s call to cap credit card interest rates at 10 per cent. Announced on 10 January, the directive is scheduled to take effect on 20 January 2026 and remain in force for one year. However, the White House has […]
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idra invites chartered secretary applications IDRA Invites Chartered Secretary Applications

IDRA Invites Chartered Secretary Applications

The Insurance Development and Regulatory Authority (IDRA) has officially announced an invitation for applications from qualified individuals and firms to be listed as Chartered Secretaries. Interested candidates are required to submit their completed applications, accompanied by all supporting documents, to the Authority’s office no later than 5:00 pm on 25 January. The application process commenced […]
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daily remittance inflows reach 1500 crore bdt Daily Remittance Inflows Reach 1,500 Crore BDT

Daily Remittance Inflows Reach 1,500 Crore BDT

Bangladesh is witnessing an extraordinary surge in inward remittances, with daily inflows averaging a staggering 1,500 crore BDT (approximately $121.6 million). As the national election approaches, the volume of funds sent home by the Bangladeshi diaspora has reached unprecedented levels, providing a significant cushion to the nation’s foreign exchange reserves and overall economic stability. A […]
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