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Bangladesh Bank Governor Refutes Loan Defaulter Claims

Bangladesh Bank Governor Refutes Loan Defaulter Claims

The Governor of Bangladesh Bank, Md Mostaqur Rahman, has publicly refuted persistent allegations regarding his financial status as a loan defaulter. The central bank head clarified his commercial position during a post-budget press conference held on Friday at the Osmani Smriti Auditorium in Dhaka. The media briefing, organised following the formal presentation of the 2026–27 […]
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Bangladesh Central Bank Mandates Trade Finance Diversification

Bangladesh Central Bank Mandates Trade Finance Diversification

The central bank of Bangladesh has ordered commercial banks to expedite the implementation of alternative trade finance mechanisms. The directive aims to reduce the nation’s overwhelming dependence on traditional Letter of Credit (LC) arrangements. According to a regulatory circular issued by Bangladesh Bank on Thursday, authorised dealer (AD) banks are now required to facilitate a […]
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Uninsured Climate Risks Threaten Asia-Pacific Economies

Uninsured Climate Risks Threaten Asia-Pacific Economies

Disproportionate Protection Gaps in Developing Countries The escalating volume of natural catastrophes worldwide is generating significant financial damage, yet a critical shortfall in insurance coverage leaves much of the world unprotected. According to data published by the Swiss Re Institute, approximately 88 per cent of all economic losses resulting from natural disasters in the Asia-Pacific […]
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