Economics
AI era brings new reality for bankers: Failure to upgrade skills may lead to being left behind
The global banking sector is undergoing rapid transformation. Artificial intelligence (AI) is no longer a technology of the future; it has already become an integral part of banks’ day-to-day operations. From loan analysis, fraud detection and customer service to risk management and document processing, the use of AI is expanding across various areas.
ADB cuts Bangladesh's FY2026 GDP growth forecast to 3.7%
The Asian Development Bank (ADB) has lowered Bangladesh's economic growth forecast, projecting the country's gross domestic product (GDP) to expand by 3.7 percent in fiscal year (FY) 2026, down from its previous estimate, reflecting a slower-than-expected economic recovery.
Hundreds of small NGOs under threat due to new MRA conditions
Bangladesh's microfinance regulator, the Microcredit Regulatory Authority (MRA), has been accused of biased behavior. Those concerned claim that after the change of regime on August 5, 2024, the regulatory authorities made appointments to the top positions in the organization breaching the law. Moreover, the conditions those are being imposed in the new policy, will effectively shut down small NGOs and pave the way for the establishment of a monopoly by large institutions. Although, the policy later was decided to be suspended due to the efforts of various stakeholders, no notification has been issued in this regard so far.
BSEC approves Bangladesh’s first 'Orange Bond' worth Tk158.5cr
The Bangladesh Securities and Exchange Commission (BSEC) has approved the issuance of the country’s first “Orange Bond,” valued at Tk 158.5 crore, aimed at promoting women’s empowerment and gender equality through the Sajeda Foundation.
Sadiq Ahmed resigns from Bangladesh Bank Monetary Policy Committee
Economist Sadiq Ahmed has resigned from his position as a member of the Bangladesh Bank Monetary Policy Committee (MPC), officials confirmed on Wednesday (March 4).
Country's economic growth slows to 3.49pc in FY 2024–25
The country’s economic growth slowed to 3.49% in the 2024–25 fiscal year, down from 4.22% in 2023–24, according to the final national accounts data released by the Bangladesh Bureau of Statistics (BBS).
Inclusive development and restoring human dignity
Every year on February 27th, World NGO Day is commemorated in various countries across the globe. This day has a brief yet significant history. World NGO Day serves as a global event for non-governmental development organizations that tirelessly strive for social advancement worldwide. It acknowledges the importance of NGOs and their collaborative role as social institutions in development. Presently, this occasion is celebrated with great enthusiasm in over 89 countries. However, it is regrettable that despite Bangladesh being a hub for NGOs, the day is not observed with the respect it deserves.
Bangladesh Bank transfers three officials outside Dhaka
Bangladesh Bank has transferred those three officials who held a press conference where they described central bank Governor Dr Ahsan H Mansur as "autocratic."
3 BB officials served show-cause notices over press conference
Three officials of Bangladesh Bank have been served show-cause notices for holding a press conference where they described central bank Governor Dr Ahsan H Mansur as "autocratic."
Bangladesh Bank warns against sharing misleading videos or images using 'sample notes'
Bangladesh Bank has issued a special warning against spreading misleading videos and images using 'sample notes' on social media. The central bank said that these activities are increasing the circulation of fake notes and putting the overall monetary system at risk.