Category: Asia

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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Fatal Humiliation Driver Dies Following Local Council Assault Fatal Humiliation: Driver Dies Following Local Council Assault

Fatal Humiliation: Driver Dies Following Local Council Assault

The tranquil community of Nesarabad, situated within the Pirojpur district, has been plunged into a state of profound shock and mourning following the tragic death of a local resident. Abdullah Al Mamun Sabuj, a 33-year-old auto-rickshaw driver, reportedly took his own life after being subjected to a brutal and humiliating “trial” conducted by local authorities. […]
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Brother Caught in Veil While Escaping After Killing Sister

Brother Caught in Veil While Escaping After Killing Sister

Chattogram’s Halishahar area was shaken on Monday night by a brutal incident that has sent ripples of concern throughout the local community. According to police sources and eyewitness reports, a woman named Senora Begum was murdered in her own home, allegedly by her younger brother, Jana Alam, who attempted to flee the scene disguised in […]
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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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Ashes Set to Launch Double Album Eid Extravaganza Ashes Set to Launch Double Album Eid Extravaganza

Ashes Set to Launch Double Album Eid Extravaganza

The renowned Bangladeshi rock outfit Ashes is preparing to captivate its fanbase this festive season with an ambitious double-album release. Breaking a period of creative anticipation, the band has announced the simultaneous launch of ‘Bibhrom’ (Illusion) and ‘Danahin Pakhi’ (Wingless Bird). This dual musical odyssey represents nearly a decade of artistic evolution, featuring a mix […]
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Bangladesh Defaulted Loans Drop by 87000 Crore BDT Bangladesh Defaulted Loans Drop by 87,000 Crore BDT

Bangladesh Defaulted Loans Drop by 87,000 Crore BDT

In a significant, albeit cautious, turn of fortune for the Bangladeshi financial sector, non-performing loans (NPLs) have seen a substantial reduction over the final quarter of 2025. According to the latest data released by Bangladesh Bank, the volume of defaulted debt plummeted by 87,298 crore BDT between September and December. While this represents a moment […]
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IDRA Chairman Dr Aslam Alam Resigns Early IDRA Chairman Dr Aslam Alam Resigns Early

IDRA Chairman Dr Aslam Alam Resigns Early

In a move that has sent ripples through Bangladesh’s financial sector, Dr M. Aslam Alam, the Chairman of the Insurance Development and Regulatory Authority (IDRA), has officially resigned from his post. Citing “unavoidable personal reasons,” the seasoned administrator submitted his formal resignation to the Financial Institutions Division (FID) on Monday, 2nd March. Dr Alam, a […]
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