Category: Business

Mercantile Bank Launches Four Additional Sub-Branches

Mercantile Bank Launches Four Additional Sub-Branches

Mercantile Bank PLC has enhanced its domestic network through the simultaneous inauguration of four new sub-branches. The strategic rollout is designed to bring streamlined, contemporary banking services closer to consumer bases in urban, semi-urban, and rural areas. An official press statement confirmed that the newly commissioned facilities are now open for public business following a […]
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Central Bank Buys Millions To Stabilise Currency Central Bank Buys Millions To Stabilise Currency

Central Bank Buys Millions To Stabilise Currency

The central bank of Bangladesh, the Bangladesh Bank, has executed a targeted regulatory intervention within the domestic foreign exchange market by purchasing an aggregate total of 25 million US dollars from two distinct commercial banking institutions. This strategic monetary operation was conducted specifically to preserve stability within the national currency market and to manage the […]
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Philippine Insurance Penetration Reaches Landmark Performance Metric Philippine Insurance Penetration Reaches Landmark Performance Metric

Philippine Insurance Penetration Reaches Landmark Performance Metric

Preliminary sector data published by the Insurance Commission reveals that the Philippine insurance industry experienced notable growth during the first quarter of 2026. This expansion occurred despite persistent economic headwinds, with the market recording an uptick across vital financial measurements including total premium collections, overall asset valuation, and investment deployment. Key Market Metrics According to […]
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Recruitment Circular Issued for 725 Bank Vacancies Recruitment Circular Issued for 725 Bank Vacancies

Recruitment Circular Issued for 725 Bank Vacancies

The Bankers’ Selection Committee, operating under the central bank of Bangladesh, has officially released a combined recruitment circular for the position of ‘Officer (General)’. This recruitment drive aims to fill a total of 725 vacant posts across seven state-owned commercial and specialised banks, alongside two non-bank financial institutions. Qualified candidates are invited to submit their […]
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Foreign Reserves Continue Upward Trend Foreign Reserves Continue Upward Trend

Foreign Reserves Continue Upward Trend

Bangladesh’s foreign exchange reserves have recorded a further increase, reflecting continued stability in external inflows and remittance performance. According to the central bank, the country’s gross reserves have now reached USD 34,821.83 million, equivalent to approximately USD 34.82 billion. The update was confirmed on Wednesday by Arif Hossain Khan, Executive Director and spokesperson of the […]
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Foreign Exchange Rates in Bangladesh Foreign Exchange Rates in Bangladesh

Foreign Exchange Rates in Bangladesh

Foreign exchange movements continue to play a crucial role in Bangladesh’s economy, particularly as remittance inflows from more than ten million expatriate Bangladeshis remain a vital source of national income. In addition, the steady expansion of international trade has further increased the importance of monitoring daily currency fluctuations. On Thursday, 4 June 2026, updated exchange […]
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Government Finances State Spending Through Heavy Bank Borrowing Government Finances State Spending Through Heavy Bank Borrowing

Government Finances State Spending Through Heavy Bank Borrowing

The government is increasingly funding its operational expenditures through significant domestic bank borrowing. This fiscal strategy is driven by a combination of record-breaking deficits in tax collection and a substantial shortfall in anticipated foreign financial assistance. Despite these constraints, the state must sustain essential expenditures, including public sector salaries, allowances, interest payments on existing debts, […]
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