Islami Bank Bangladesh PLC is facing a severe financial and managerial crisis due to years of irregular recruitment under the S. Alam Group, according to officials.
The bank’s management has recently begun efforts to restore order by assessing the competency of thousands of unqualified staff who were reportedly hired without proper procedures.
Kamal Uddin Jasim, Additional Managing Director (AMD) of Isl...
Dhaka condemns interception of Global Sumud Flotilla
Bangladesh deeply condemned the interception of the Global Sumud Flotilla in international waters, which was carrying humanitarian assistance for the people of Gaza, by the Israeli occupying forces.
“This act is a flagrant violation of international law and a brazen manifestation of Israel’s use of hunger as a weapon of war,” read a statement issued by the foreign ministry, reports BSS.
Bangladesh called for the immediate and unconditional release of all detained...
Bangladesh at centre of Quad’s Indo-Pacific vision
The United States is considering the development of a port in Bangladesh under the Quad Ports of the Future Partnership, a flagship initiative of the Quad grouping—comprising Australia, India, Japan, and the United States—set to be formally launched later this month.
Highlights:
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- Bangladesh’s Geostrategic Advantage
- Ports as Engines of Growth
- Changing Political...
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Pluralism, democracy and the political legacy of Medina Charter
Debates about democracy in contemporary Bangladesh often centre on whether pluralism, equal citizenship, and the right to dissent are compatible with Islamic political thought. A closer reading of Islamic history suggests that they are. The Constitution of Medina (Ṣaḥīfat al-Madīna), drafted under the leadership of the Prophet Muhammad (peace be upon him) in 622 CE, offers a historical precedent for inclusive and participatory govern...
Extreme poverty set to hit 9.3pc in Bangladesh: WB
Bangladesh’s economy is confronting renewed headwinds, with political uncertainty under the interim government weighing heavily on investment and slowing industrial growth. According to a World Bank (WB) report released on Wednesday under the title Poverty and Inequality Platform (PIP) News, the outlook for 2025 could resemble the pandemic year of 2020, when economic stagnation drove millions into hardship.
Key indicators:
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- Poverty rate at $3 a day (2021 PPP): 5.91pc in 2022
- Poverty rate at national poverty lines 18.7pc in 2022
- Multidimensional poverty headcount rati...
UK envoy reaffirms support for free, fair election
British High Commissioner Sarah Cooke has reaffirmed her country's support for a free, fair, credible, and peaceful election in Bangladesh next year.
"The United Kingdom (UK) welcomed the Chief Adviser's announcement regarding Bangladesh's national elections a few months ago. We had a very constructive meeting with the Chief Election Commissioner, during which we reaffirmed the UK's support for free, fair, credible, and peaceful elections in Bangladesh next year," she said.
Sarah ...
