Johannes Jütt, Vice President for South Asia at the World Bank, has warned that nearly half of Bangladesh’s working-age youth have remained unemployed over the past decade. He emphasised that young people have faced the most significant barriers in accessing formal employment opportunities. In a statement issued on Tuesday, Jütt revealed that over the last […]

In a further step to reinforce governance in the banking sector, Bangladesh Bank has removed Md Abdul Jalil from the board of Islami Bank Bangladesh and appointed SM Abdul Hamid as a new director. The decision took effect on 16 March and reflects the regulator’s ongoing supervisory engagement with one of the country’s largest private […]

Bangladesh’s insurance sector is experiencing significant operational paralysis as the Insurance Development and Regulatory Authority (IDRA) continues to function without a chairman. This prolonged leadership void has disrupted policy approvals, delayed settlement of insurance claims, and weakened oversight of company irregularities, creating uncertainty among both investors and policyholders. Dr. M. Aslam Alam, who had been […]

Aastha Life Insurance Company Limited and Siamanto Bank PLC have formalised a Credit Shield insurance agreement, a move set to enhance financial protection for the bank’s credit cardholders. The signing ceremony took place on Sunday, 15 March, at the Siamanto Bank PLC headquarters, attended by senior executives from both organisations. Brigadier General Shah Sagirul Islam, […]

Bangladesh Bank has unveiled a policy change aimed at improving the ease and speed of export transactions, allowing exporters to send shipping and transport documents directly to foreign buyers for consignments worth up to $100,000. The directive, issued on Monday, authorises Authorised Dealer banks to permit exporters to prepare transport documents in the name of […]

Eastern Bank PLC (EBL) has forged a strategic alliance with Proyash Institute of Special Education, reaffirming its commitment to advancing inclusive education and social responsibility in Bangladesh. The partnership is designed to strengthen the institute’s infrastructure and enhance its capacity to deliver specialised services to children with diverse developmental needs. The collaboration was formally announced […]

Bangladesh Bank Governor Mostaqueur Rahman has issued a decisive directive to accelerate the consolidation of five weak Shariah-compliant banks into a single, unified institution. Speaking at a high-level meeting on Monday, the governor emphasised that the integration of technology systems, operational processes, and governance structures must proceed without delay to ensure the rapid revitalisation of […]

Bangladesh Bank Governor Mostaqueur Rahman has issued a firm directive that no bank in the country should operate in allegiance to any political party or group. Speaking at a meeting with the Board of Directors and senior executives of Islami Bank Bangladesh Limited (IBBL) on Monday, the governor highlighted past lapses in governance and emphasised […]