Category: Bangladesh

Bangladeshi Vessel Forced to Halt Hormuz Transit

Bangladeshi Vessel Forced to Halt Hormuz Transit

The MV Banglar Joyjatra, operated by the Bangladesh Shipping Corporation (BSC), was unable to safely navigate the Strait of Hormuz amid escalating tensions between Iran, the United States, and Israel. On Thursday, the vessel attempted to return to Bangladesh through the strategic waterway but was compelled to divert back into the Persian Gulf after reports […]
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Mirza Abbas Flown to Singapore for Medical Care

Mirza Abbas Flown to Singapore for Medical Care

Mirza Abbas, senior member of the Bangladesh Nationalist Party (BNP) Standing Committee and political advisor to the Prime Minister, has been airlifted to Singapore for advanced medical treatment. The specially equipped air ambulance departed from Dhaka at 11:20 a.m. on Sunday, 15 March. This information was confirmed by his nephew, Abdullah Jamal Chowdhury Aditya, senior […]
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Iran Tensions Strain Global Reinsurance Market

Iran Tensions Strain Global Reinsurance Market

Rising hostilities between the United States, Israel, and Iran are placing unprecedented pressure on the global reinsurance industry. Insurers and reinsurers are reassessing risk across multiple lines, as the Iran conflict exposes the limits of traditional reinsurance structures. Ben Rose, co-founder of Supercede, cautioned that the crisis is a crucial test of how well the […]
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U.S. Rolls Out $20 Billion Maritime Reinsurance Plan

U.S. Rolls Out $20 Billion Maritime Reinsurance Plan

The United States has introduced a $20 billion government-backed maritime reinsurance programme to ensure uninterrupted commercial shipping through the strategic Strait of Hormuz. The scheme, designed to mitigate rising conflict-related risks in the region, appoints the American insurer Chubb as the lead underwriter. Announced on 11 March 2026 by the U.S. International Development Finance Corporation […]
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EBL Celebrates Women SME Success

EBL Celebrates Women SME Success

Eastern Bank PLC has recognised a group of women entrepreneurs for their outstanding performance in repaying business loans obtained under the Small Enterprise Refinance Scheme for Women Entrepreneurs, an initiative introduced by Bangladesh Bank to strengthen female participation in the country’s small and medium enterprise sector. The recognition ceremony took place at the Chattogram office […]
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