Mamun Rashid

For years now, a plethora of reforms have been suggested by relevant stakeholders. As reactionary measures in a lot of instances, the government has explored some of these reforms and is taking steps in the right direction. However, considering where the economy stands right now and comparing with relevant countries, Bangladesh has significant ground to cover.

Bangladesh, with its emerging technology landscape, is an attractive playground for tech giants looking to invest, shape and benefit from this market. The government, with its Vision 2021 and SMART Bangladesh 2041 strategies, has pushed for a rapid digital transformation especially focusing on the public sector. 

The recent passing of Mr Fazlur Rahman, the founder of City Group, has left a profound void in the hearts of many who are mourning the loss of an iconic entrepreneur and industrialist.

Bangladesh has long relied on its diaspora's remittances, accounting for 4.76 percent of GDP in 2022-23 – the true potential lies in fostering deeper engagement

Given the challenges, the government must dive into the issues and come up with corrective measures immediately after taking charge

We need the central bank and the market operators to come up with the right price for the dollar

In FY23, RMG contributed 10.35 % to the country's GDP, driving economic growth

Our existing regulatory framework is barely functional at best, and this is constantly voiced by countless frustrated local and foreign companies

A look into how digital transformation can help banks in technological aspect.

Ever since the investment community started to talk about a rising Bangladesh and the potential the economy offers due to increased consumer spending, we get to host many international investors. Now that things are going a little topsy-turvy, the question is again surfacing: What may happen to the economy?

When I joined a global bank in the mid-eighties, we were given the understanding that a young person joins an organisation for brand value or monetary benefits, but the person leaves the organisation either with the boss or for the boss.

In an era defined by complex financial markets and ever-evolving investment opportunities, wealth management has emerged as a crucial discipline for individuals and families looking to secure their financial future.

When we think of branding, it is often that a company, business, or institution comes into our mind. However, another especially important aspect that we often do not talk much about is personal branding. Just think of Lionel Messi. Do you only know him as a player in the Argentine football team? I do not think so. For too many, he is regarded as the best footballer in the world. He is a brand all by himself.

In the journey towards professional growth and personal fulfilment, finding the perfect workplace plays a pivotal role. An extraordinary workplace goes beyond the conventional norms, nurturing an environment of productivity, positivity, and progress.

In recent times, we have observed a notable trend in Bangladesh’s professional landscape: an increasing exodus of skilled individuals seeking opportunities abroad, be it higher studies or better careers. Despite facing multiple hardships across living and professional development, this phenomenon is growing. One can easily ask: what are the intricate factors underpinning this migration?

Sri Lanka’s worst economic crisis since its independence began in 2019. Experts attribute a plethora of reasons behind the crisis. First, after the end of the civil war in 2009, the country emphasised providing goods for the local market instead of trade, a decision that led to a continued trade deficit of more than $3 billion each year. Along with trade policies, tax cuts in 2019 led to a loss of government revenue of over $1.4 billion a year.

Bangladesh Bank issued comprehensive guidelines for establishing digital banks in mid-June. This important decision has generated a lot of excitement among different groups, including major banks, non-banking financial institutions (NBFIs) and innovative startups.

I became a management committee (mancom) member of an Australian bank quite early. My climbing to the top role in the local office of a leading USA-based bank was also relatively early. In those days, a CEO was kind of a CEO, no matter whether you drive change or not. Almost always the boss’s man and focusing on upward management. 

Of course. Despite challenges around, we have many reasons to be optimistic about Bangladesh.

Capital flight, a growing concern for Bangladesh over the past few decades, refers to the outflow of financial assets from a country. While usual outflow may also be foreign direct investment, the problem arises when the fund transferred from a country does not have proper documentation of source and there is no intend of repatriation of the fund. This leads to loss of government revenue and depletion of foreign currency reserves.