Genex Infosys and Navana Pharma Enter Digital Banking

Two directors of Square Pharmaceuticals, Samuel S Chowdhury and Ratna Patra, each purchased 15 lakh shares, totaling Tk 64.58 crore, based on the DSE’s disclosed closing price of Tk 215.40 per share. These transactions, declared earlier in March, reflect continued confidence in the company, whose shares rose 0.05% during morning trading.

Internet subscribers in Bangladesh will now receive 10 Mbps internet speed for Tk 500, up from the previous 5 Mbps, as announced by the Internet Service Providers Association of Bangladesh (ISPAB). This change aligns with the Bangladesh Telecommunication Regulatory Commission's (BTRC) "One Country, One Rate" policy.

Bangladesh is constructing its first Ocean Satellite Ground Station at the University of Chittagong in collaboration with China’s Second Institute of Oceanography, with a budget of Tk70 crore (Tk60 crore funded by China). Scheduled to be operational within 2025, the station will enable real-time data collection using Chinese HY-1C/D and FY-4B satellites, offering 10–15 minute coastal forecasts and early cyclone warnings 48–72 hours in advance.

In the October–December quarter of 2024, banks in Bangladesh recovered Tk 9,791 crore in non-performing loans (NPLs), marking a 23% increase from Tk 7,960 crore in the same period of 2023. Despite this nominal rise, the NPL recovery ratio—which indicates the percentage of recovered loans relative to total outstanding defaulted loans—declined to 3.44% from 5.12% in the corresponding quarter of the previous year.

In a major financial crime verdict, a Dhaka court has sentenced 11 individuals, including seven former officials of Sonali Bank, for embezzling Tk 1.38 crore from the bank’s Sheraton Hotel branch. The judgment was delivered on Monday by Judge Mohammad Zakaria Hossain of Dhaka's Special Judge Court-6. Among the convicted, seven former bank officials received 3-year prison terms

Moody's Ratings has identified Bangladeshi banks as among the most vulnerable in the Asia-Pacific region to the recent 37% increase in U.S. import tariffs on Bangladeshi goods. This heightened exposure stems from Bangladesh's heavy reliance on ready-made garment (RMG) exports, a sector now facing substantial challenges due to the tariff hike.