Category: Asia

Global Insurance Neglects ₤55.5 Billion Reinsurance

Global Insurance Neglects ₤55.5 Billion Reinsurance

Global Insurance PLC has failed to reinsure policies valued at approximately 55.5 billion taka, in clear breach of statutory requirements. According to the Insurance Act 2010, insurance companies must arrange reinsurance for all re-insurable policies; failure to do so can result in suspension or cancellation of the company’s licence. The omission exposes both the insurer […]
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Singapore Aviation Premiums Rise Amid Middle East Tensions

Singapore Aviation Premiums Rise Amid Middle East Tensions

The intensifying conflict in Iran is prompting Singapore-based insurers and airlines to brace for rising aviation insurance costs and stricter policy conditions, according to legal and industry experts. Tristan Thompson, Partner at Kennedys, highlighted that the recent escalation compounds pressures lingering from the 2022 Ukraine crisis, placing Singapore’s aviation sector at a heightened risk. “The […]
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Manulife Champions Transparent Promotions for Women

Manulife Champions Transparent Promotions for Women

Equity in career advancement cannot rely on good intentions alone; it must be embedded in formal systems. Leah Ng, Chief Bancassurance Officer at Manulife (Singapore) Pte. Ltd., has urged the insurance industry to establish structured promotion pathways, highlighting the persistent structural barriers that prevent women from reaching senior leadership roles. Ng told Insurance Asia that […]
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Hospital Storekeeper Arrested Smuggling Government Medicines 3 Hospital Storekeeper Arrested Smuggling Government Medicines

Hospital Storekeeper Arrested Smuggling Government Medicines

Police in Kurigram have apprehended a storekeeper from Roumari Upazila Health Complex for allegedly attempting to smuggle government-supplied medicines and medical equipment. The arrest took place late on Monday evening, 9 March, at a courier service booking office located in the Collegepara Master Colony area. Incident Overview The accused, 43-year-old Faruk Ahmed, was employed as […]
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Gold Prices Dip Amid Global Economic Uncertainty Gold Prices Dip Amid Global Economic Uncertainty

Gold Prices Dip Amid Global Economic Uncertainty

Amid ongoing global market volatility and economic uncertainties, gold prices in Bangladesh have once again declined. For the second consecutive session, the Bangladesh Jewellers’ Association (BAJUS) has reduced the rate of the precious metal, lowering the price per tola by 3,266 taka. The updated rates were officially announced on Monday morning, 9 March, and will […]
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Mass Resignation Rocks NCP in Rangamati Mass Resignation Rocks NCP in Rangamati

Mass Resignation Rocks NCP in Rangamati

A major internal shake-up has struck the National Citizens Party (NCP) in Rangamati as 87 leaders and activists, including Asim Chakma, coordinator of the Juraichhari Upazila committee, collectively resigned from all their positions on Monday. The announcement was confirmed by Asim Chakma himself, who also serves on the Rangamati district committee. Circumstances of the Resignation […]
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Community Bank Arranges Textile Syndicated Facility

Community Bank Arranges Textile Syndicated Facility

Community Bank Bangladesh PLC has signed syndication mandate agreements with R.A. Spinning Mills Ltd. and Outpace Spinning Mills Ltd. to arrange a syndicated financing facility amounting to BDT 6,500 million. The initiative is designed to strengthen the financial capacity and operational expansion of the two textile manufacturing companies, both of which play an active role […]
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Dhaka Man Fatally Stabbed in Shantibagh Incident Dhaka Man Fatally Stabbed in Shantibagh Incident

Dhaka Man Fatally Stabbed in Shantibagh Incident

A 32-year-old man was fatally stabbed in Dhaka’s Shantibagh area late on Monday night, reportedly after intervening to prevent drug use in his neighbourhood. The victim, Sekandar Ali, was pronounced dead upon arrival at Dhaka Medical College Hospital after sustaining multiple critical injuries from a sharp weapon. Incident Overview The attack occurred around 11 p.m. […]
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