Author: News Desk, GLive24.com

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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Bangladesh MFS Users Denied Retail Transaction Insurance Protection

Bangladesh MFS Users Denied Retail Transaction Insurance Protection

The deployment of Mobile Financial Services (MFS) is advancing at an unprecedented rate across Bangladesh, with the total volume of registered accounts currently standing at approximately 24.5 crore (245 million). Out of this massive user base, roughly 39.5 per cent are classified as active accounts. At present, 13 licensed MFS providers are operating within the […]
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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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