Category: Business

New Tk 5,000 Crore CMSME Fund Launched by The Central Bank

New Tk 5,000 Crore CMSME Fund Launched by The Central Bank

The Bangladesh Bank has introduced a Tk 5,000 crore refinancing framework intended to support cottage, micro, small, and medium enterprises (CMSMEs). By addressing critical shortages in working capital, the central bank aims to enhance production capacities and stimulate employment opportunities across the sector. A policy circular distributed by the central bank specifies that entrepreneurs can […]
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Capital Flight Intensifies At Islami Bank

Capital Flight Intensifies At Islami Bank

Anxieties over institutional leadership have prompted customers to withdraw in excess of Tk 3,500 crore from Islami Bank Bangladesh PLC within five consecutive working days. The rapid drain of deposits commenced immediately following the appointment of Md Khurshid Alam, a former deputy governor of Bangladesh Bank, as the bank’s new chairman. Senior officials within the […]
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Liberty General Launches Cyber Cover Amidst System Failure Risks Liberty General Launches Cyber Cover Amidst System Failure Risks

Liberty General Launches Cyber Cover Amidst System Failure Risks

Liberty General Insurance has officially launched its new cyber insurance product, named Liberty Cyber Resolution, in India. This specialised insurance package is strategically designed to support and protect organisations that are currently facing a landscape of rising cyber risks and digital threats. Core Features and Support Services The newly introduced product comprises several comprehensive elements […]
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Asia Pacific Insurers Struggle With Outdated Technology Asia Pacific Insurers Struggle With Outdated Technology

Asia Pacific Insurers Struggle With Outdated Technology

Insurance firms across the Asia-Pacific region are significantly increasing their financial exposure to alternative private markets and artificial intelligence (AI). However, pervasive legacy computer systems and outdated data infrastructures are severely hindering their capacity to manage these increasingly complex investment portfolios. Industry data indicates a widening gap between the strategic ambitions of these financial institutions […]
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Taka Steady Amid Currency Stability Taka Steady Amid Currency Stability

Taka Steady Amid Currency Stability

On the second trading day of the week, Monday, the domestic foreign exchange market continued to exhibit relative stability, with most major currencies showing no change in their exchange rates. Despite ongoing volatility in global currency markets driven by geopolitical tensions in the Middle East and broader macroeconomic pressures, the local currency market has maintained […]
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Government Appoints New Bank Leadership Government Appoints New Bank Leadership

Government Appoints New Bank Leadership

The government has appointed a new Managing Director and Chairman to the board of the Combined Islamic Bank, in a move aimed at strengthening governance and operational leadership within the institution. According to separate notifications issued on Monday (8 June) by the Financial Institutions Division under the Ministry of Finance, the appointments take immediate effect […]
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Crude Oil Prices Jump Amid Middle East Escalation

Crude Oil Prices Jump Amid Middle East Escalation

Supply Disruptions Fear Sparks Market Rally Global crude oil values have surged by over $3 per barrel as escalating geopolitical friction in the Middle East stokes severe anxieties over international supply continuity. The sharp market reaction followed reports of a new military offensive by Israel and sudden explosions inside Iranian territory. Figures released by the […]
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Central Bank Launches Export Diversification Fund For Industries Central Bank Launches Export Diversification Fund For Industries

Central Bank Launches Export Diversification Fund For Industries

The Bangladesh Bank has officially launched a Tk 30,000 million (Taka thirty billion) refinancing scheme titled the “Export Diversification Refinancing Scheme”. The primary objectives of this financial initiative are to expand the operational base of the nation’s export sectors beyond the Ready-Made Garments (RMG) industry and to strengthen the domestic manufacturing capabilities of alternative sectors. […]
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