Category: Business

Sun Life Reaches 100-Office Milestone

Sun Life Reaches 100-Office Milestone

Sun Life Philippines has further broadened its nationwide footprint with the inauguration of three new New Business Offices (NBOs), bringing its total office network to a landmark 100 locations. This expansion marks a significant stride toward the company’s growth targets for 2026 and underscores its continued commitment to enhancing customer service and the accessibility of […]
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UAE Insurance Sector Set for Double Digit Growth UAE Insurance Sector Set for Double-Digit Growth

UAE Insurance Sector Set for Double-Digit Growth

The insurance sector in the United Arab Emirates is currently experiencing notable expansion, with experts and industry analysts forecasting sustained double-digit growth over the coming years. Valued at approximately 64–65 billion dirhams in written premiums, the market’s momentum is underpinned by economic diversification, mandatory health and motor insurance frameworks, and a robust regulatory environment, all […]
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Al-Arafah Bank Launches Ten-Day Iftar Initiative

Al-Arafah Bank Launches Ten-Day Iftar Initiative

Bangladesh’s leading Shariah-compliant financial institution, Al-Arafah Islami Bank, has inaugurated a ten-day iftar distribution programme to mark the holy month of Ramadan. According to a press release from the bank, the initiative is designed to provide support to the underprivileged and overlooked individuals who rely on roadside meals during the fasting period. The programme was […]
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Financial Literacy Day Celebrated Nationwide by NCC

Financial Literacy Day Celebrated Nationwide by NCC

In a strategic effort to enhance financial inclusion across the nation, NCC Bank commemorated Financial Literacy Day 2026 with a focus on promoting secure, digital, and paperless banking. This year’s theme, “Secure Cashless Transactions Begin with Financial Literacy,” reflects the bank’s commitment to responsible, technology-driven financial services and empowering customers to adopt safer banking practices. […]
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Islami Bank Unveils Khidmah Card

Islami Bank Unveils Khidmah Card

Islami Bank Bangladesh PLC has launched the Khidmah Credit Card as part of its strategic expansion of international transaction services, aiming to provide customers with secure, seamless, and globally accepted payment solutions. The formal inauguration ceremony was held at Islami Bank Tower in the capital, attended by senior executives from the bank and its international […]
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Change in Leadership at Shadharon Bima Corporation

Change in Leadership at Shadharon Bima Corporation

Mohammad Zainul Bari has resigned from his position as Chairman of the state-owned Shadharon Bima Corporation (SBC), citing personal reasons. His resignation was formally submitted to the Department of Financial Institutions on Monday, 2 March, according to sources within the corporation. Mr Bari had assumed the role of Chairman on 12 September 2024, with his […]
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Hormuz Tensions Elevate Global Insurance Risks

Hormuz Tensions Elevate Global Insurance Risks

Escalating geopolitical tensions surrounding the Strait of Hormuz are sending ripples across global energy and insurance markets. The current unrest is not only affecting crude oil and natural gas prices but is also placing considerable strain on marine insurance, cargo coverage, energy-related risk policies, and the reinsurance sector. Experts suggest that this period represents a […]
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UCB Signs Strategic Partnership with Ernst & Young

UCB Signs Strategic Partnership with Ernst & Young

In a significant move to strengthen environmentally responsible initiatives within Bangladesh’s financial sector, United Commercial Bank PLC (UCB) has entered into a strategic partnership with Ernst & Young Advisory Services Bangladesh Limited (EY ASBL). This collaboration aims to enhance the bank’s carbon accounting and greenhouse gas (GHG) assessment capabilities, marking a pivotal step towards sustainable […]
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Prime Bank Unveils TapIn Sticker

Prime Bank Unveils TapIn Sticker

Prime Bank PLC has introduced a next-generation contactless sticker card branded “TapIn”, developed in collaboration with Mastercard. The innovative Near Field Communication solution has been engineered by IDEMIA, with local technological support provided by ADN Technologies Limited. The launch reflects a broader push to accelerate secure and seamless digital payments across the country. The unveiling […]
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Indonesia’s Non-Life Insurance Faces Natural Disaster Strain

Indonesia’s Non-Life Insurance Faces Natural Disaster Strain

Indonesia’s non-life insurance sector is navigating a challenging environment, as insurers grapple with rising natural disaster claims alongside strict capital requirements. Increasing liabilities from floods, wildfires, and other calamities have raised concerns over premium hikes, higher operational costs, and potential coverage limitations. Analysts indicate that insurers must adapt their strategies to align with new capital […]
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