Category: Business

Zurich Insurance Reports 17% Net Profit Growth

Zurich Insurance Reports 17% Net Profit Growth

Zurich Insurance Group has announced robust financial results for the fiscal year 2025, with net profit attributable to shareholders rising by 17% to USD 6.8 billion. The performance reflects the company’s disciplined management across both its Property & Casualty (P&C) and Life segments. Earnings per share (EPS) reached USD 45.13, up 13% from the previous […]
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Al-Arafah Islamic Bank Launches Investment Workshop

Al-Arafah Islamic Bank Launches Investment Workshop

Al-Arafah Islamic Bank has inaugurated a three-day investment management training workshop at its dedicated training institute, AIBITI, with the aim of setting new benchmarks in the nation’s financial sector. According to an official press release issued by the bank, the programme seeks to enhance professional expertise and promote strategic, Shariah-compliant investment practices among its officers. […]
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Dhaka Bank Partners with Siddheswari College

Dhaka Bank Partners with Siddheswari College

Dhaka Bank PLC has entered into a strategic agreement with Siddheswari Girls’ College aimed at modernising and securing the institution’s tuition and fee payment framework. The initiative seeks to introduce a technology-driven, transparent and efficient system that will simplify financial transactions for students, guardians and administrators alike. The agreement was formally signed by H M […]
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Modhumoti Bank Seals Strategic Advisory Pact

Modhumoti Bank Seals Strategic Advisory Pact

Modhumoti Bank PLC has entered into a strategic agreement with RSA Advisory Limited aimed at accelerating institutional transformation and expanding its footprint in the cottage, micro, small and medium enterprise sectors. The agreement was formally signed on Sunday at the bank’s head office in Gulshan, Dhaka, according to an official statement. The signing ceremony was […]
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Tokyo Marine Singapore Strengthens Asia Strategy

Tokyo Marine Singapore Strengthens Asia Strategy

S&P Global Ratings has reaffirmed the strong market position and financial stability of Tokyo Marine Insurance Singapore Limited (TMIS), highlighting the company’s disciplined underwriting practices and prudent capital management as a robust foundation for long-term growth. In its latest review, S&P praised TMIS for maintaining strict underwriting standards and a structured approach to capital allocation, […]
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Hong Kong Encourages Insurance Innovation in Low-Altitude Economy

Hong Kong Encourages Insurance Innovation in Low-Altitude Economy

The Hong Kong Insurance Authority (HKIA) is actively promoting the insurance sector’s engagement in the city’s rapidly emerging low-altitude economy. The accelerated proliferation of drones and other small unmanned aerial vehicles (UAVs) has introduced new operational risks, creating a pressing demand for specialised insurance solutions. In response, the HKIA is collaborating closely with insurers to […]
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Bank Asia Adopts Strategic Loan Recovery Model

Bank Asia Adopts Strategic Loan Recovery Model

Following recent political shifts in Bangladesh, the nation’s economic environment experienced volatility, leading to slower loan recovery across the banking sector. Particularly after the fall of the Awami League government, private banks encountered significant challenges in recovering loans. During this period, many large and influential borrowers deferred repayments, sought long-term rescheduling, or made only minimal […]
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LPG Imports Rise, Prices Unsettled

LPG Imports Rise, Prices Unsettled

Despite a marked increase in liquefied petroleum gas (LPG) imports this month, the anticipated relief in the retail market has yet to materialise. Consumers in the capital and several regional centres continue to pay well above the government’s fixed price for LPG cylinders, underscoring persistent distortions in distribution and pricing. Industry stakeholders attribute the lingering […]
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Hong Kong Considers Changes to Insurance Capital Rules

Hong Kong Considers Changes to Insurance Capital Rules

Proposed adjustments to Hong Kong’s insurance capital framework could ease capital pressures for certain insurers while encouraging long-term infrastructure investment. However, credit rating agency Fitch anticipates that the overall impact on creditworthiness will remain limited. The Hong Kong Insurance Authority has proposed amendments to the risk-based capital (RBC) regime, introducing preferential treatment for specific infrastructure […]
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Sun Life Reports Record Growth in Asia

Sun Life Reports Record Growth in Asia

Sun Life Financial Incorporated has announced robust results for the 2025 fiscal year, driven primarily by a significant surge in its Asian operations. The company reported a net income of USD 3.5 billion, representing a 13.9% year-on-year increase, while earnings per share rose 16.9% to USD 6.15. The results reflect effective global business management, disciplined […]
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