A court in Dhaka has imposed a travel ban on sixteen individuals, including former chairman of Basic Bank Sheikh Abdul Hye Bacchu, in connection with an ongoing corruption investigation involving the alleged misappropriation of bank funds. The order was issued on Monday by Dhaka Metropolitan Sessions Judge Mohammad Sabbir Faiz following a petition submitted by […]

Bangladesh’s foreign currency reserves have declined slightly after the central bank settled payments through the Asian Clearing Union (ACU), although strong remittance inflows continue to underpin the market. The Bangladesh Bank has maintained its purchases of US dollars, utilising the steady inflow of funds from overseas workers to support reserve levels. Prior to ACU settlements […]

As Bangladesh continues to deepen its trade and financial links with countries across the globe, knowledge of the latest foreign exchange rates against the Bangladeshi Taka (BDT) has become essential for businesses, investors, and travellers alike. Monitoring currency movements is particularly crucial amid fluctuating international markets and global economic uncertainties. On Monday, 9 March 2026, […]

Karnaphuli Insurance PLC has once again demonstrated its regional leadership by winning the ICC Sixth Emerging Asia Insurance Awards 2025 in the Best Re-Insurance Category. The prestigious award was presented at a gala ceremony held at the Rembrandt Hotel in Bangkok, Thailand, where the company’s Chief Executive Officer, A. N. M. Fazlul Karim Munshi, received […]

Amid ongoing global economic uncertainties, the price of gold in Bangladesh has seen a notable decline, marking the second consecutive reduction in the precious metal’s value this year. The Bangladesh Jewellers Association (BAJUS) announced a decrease of 3,266 taka per tola, reflecting shifts in both local and international market dynamics. On Monday, 9 March, BAJUS […]

Bangladesh is set to introduce a landmark shift in banking regulation with the adoption of a forward-looking model for credit loss provisioning. The initiative, based on IFRS 9, requires banks to estimate potential losses on loans and other exposures in advance, enhancing risk management and aligning domestic practices with international standards. Bangladesh Bank (BB) has […]

Eastern Bank PLC (EBL) has renewed its partnership with Bangladesh Eye Trust Hospital (BETH) to continue providing essential eye care services for disadvantaged communities across Bangladesh. The renewed collaboration aims to expand access to quality treatment for patients who cannot afford medical care, particularly those suffering from preventable or treatable vision impairment. According to a […]