Category: Business

Bangladesh Foreign Exchange Reserves Ascend to 35.30 Billion Bangladesh Foreign Exchange Reserves Ascend to $35.30 Billion

Bangladesh Foreign Exchange Reserves Ascend to $35.30 Billion

The foreign exchange reserves of Bangladesh have demonstrated a sustained upward trajectory, reaching a new milestone of $35,305.42 million, equivalent to approximately $35.30 billion. This development underscores a period of relative stabilisation in the nation’s external sector accounts as the central bank continues to manage liquidity amidst evolving global economic conditions. Official Confirmation and Statistical […]
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VINARE Maintains Market Dominance Amidst Evolving Risk Profiles VINARE Maintains Market Dominance Amidst Evolving Risk Profiles

VINARE Maintains Market Dominance Amidst Evolving Risk Profiles

The Vietnam National Reinsurance Corporation (VINARE) is projected to sustain a robust operating performance in the coming periods, underpinned by its primary commercial underwriting operations and a reliable stream of investment returns. This outlook follows a sustained phase of profitability, during which the corporation achieved a five-year average Return on Equity (ROE) of 10.8% spanning […]
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Remittance Inflows Surge In May 1 Remittance Inflows Surge In May

Remittance Inflows Surge In May

Bangladesh received US$315 million in remittances during the first three days of May, reflecting a strong continuation of foreign currency inflows from expatriate workers and a notable year-on-year increase. According to information provided on Monday by Bangladesh Bank spokesperson Arif Hossain Khan, the country recorded remittance earnings of US$315 million between 1 and 3 May, […]
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Tax Intelligence Recovers Tk 532 Crore Tax Intelligence Recovers Tk 532 Crore

Tax Intelligence Recovers Tk 532 Crore

The Income Tax Intelligence and Investigation Unit of the National Board of Revenue (NBR) has reported significant progress in detecting and recovering evaded taxes since the commencement of its formal operations in December 2024. According to official sources, the unit has initiated scrutiny and investigation into more than 3,300 income tax files involving allegations of […]
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Elon Musk–OpenAI Court Clash Intensifies

Elon Musk–OpenAI Court Clash Intensifies

A legal dispute involving artificial intelligence firm OpenAI has escalated in a California courtroom, where tensions reportedly flared during the second day of testimony between Elon Musk and legal representatives of the organisation. The proceedings, taking place in Oakland, California, may have wider implications for the governance and regulatory structure of the artificial intelligence sector. […]
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Marine insurance market adjusts to Baltimore record loss

Marine insurance market adjusts to Baltimore record loss

Insured losses arising from the collapse of the Francis Scott Key Bridge following impact by the Singapore-flagged container vessel Dali are now estimated to exceed $2.8bn, according to Howden Re. The updated figure represents a significant upward revision from early post-event estimates of around $1.5bn after the incident in March 2024. Howden Re notes that […]
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Popular Life Organises Service Cell Conference, Hands Over Insurance Claims

Popular Life Organises Service Cell Conference, Hands Over Insurance Claims

Popular Life Insurance Company Limited organised its Service Cell In-Charge Conference alongside the formal distribution of insurance claim cheques to policyholders. The programme was held on Monday (4 May) at the auditorium of the Institution of Diploma Engineers, Bangladesh (IDEB) in Dhaka. The event served as an internal coordination platform for service cell officials while […]
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Prime Bank conducts youth engagement seminar under PrimeAcademia

Prime Bank conducts youth engagement seminar under PrimeAcademia

Prime Bank PLC, in partnership with Bangladesh University of Textile (BUTEX) and its Career Club, organised a seminar titled “Financial Inclusion: Engaging & Inspiring Youth in Banking” under its PrimeAcademia initiative, according to a press release. The programme was designed to promote awareness of financial inclusion among students and to encourage stronger engagement between the […]
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NCC Bank Holds Women’s Mental Health Session

NCC Bank Holds Women’s Mental Health Session

NCC Bank has organised a mental health awareness workshop for its female employees at its Head Office under the title “Mind Matters: Workplace Mental Health Talk for Women”, according to a press release. The programme was introduced as part of the bank’s efforts to support a healthy, inclusive and employee-focused workplace environment. The session was […]
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