Bangladesh is preparing for significant amendments to the Insurance Corporation Act, which may bring substantial changes to the country’s reinsurance market. If implemented, the reforms could create new challenges for the state-owned Sadharan Bima Corporation (SBC), particularly in areas involving government expenditure, foreign-funded projects, and reinsurance income. Under the existing law, any government property or […]

Prime Bank PLC has reinforced its pledge to responsible, climate-conscious banking with the formal release of its latest Sustainability Report and Climate Action Report, marking another significant milestone in the institution’s long-term environmental and social strategy. The reports were unveiled at a ceremony held at The Westin Dhaka, underscoring the growing importance of sustainability within […]

The Dhaka Transport Coordination Authority (DTCA) has taken an initiative to integrate bank-issued debit and credit cards with the Rapid Pass system as part of efforts to modernise urban mobility. Once implemented, metro rail passengers will be able to use their regular bank cards for station entry, eliminating the need for a separate transit card […]

Bangladesh Bank Governor Dr. Ahsan H. Mansur has announced a major development for the country’s digital economy, stating that global digital payment service provider PayPal is keen to begin operations in Bangladesh very soon. If implemented, this move is expected to significantly ease international transactions for freelancers, online entrepreneurs, and small exporters across the country. […]