Category: Business

Asia Commercial Insurance Rates Fall 5% in Q1 2026

Asia Commercial Insurance Rates Fall 5% in Q1 2026

Commercial insurance pricing across Asia continued its downward trend in the first quarter of 2026, recording an average decrease of 5%. This latest data point, published in the Marsh Asia Insurance Market Index Q1 2026, signifies the seventh consecutive quarter of rate contractions for the region. The persistent softening of the market highlights a period […]
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Sonali Bank Records Highest Profit

Sonali Bank Records Highest Profit

Sonali Bank, the largest state-owned commercial bank in Bangladesh, has reported its highest-ever net profit of Tk1,313 crore for the financial year 2025, reflecting a 33 per cent rise compared with the previous year, according to its audited financial statements. The bank’s financial results indicate a strong dependence on investment-related income, particularly from government securities. […]
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Janata Bank Reports Rising Losses

Janata Bank Reports Rising Losses

State-owned Janata Bank has posted a substantial financial loss of Tk3,931 crore for the year 2025, reflecting a 28 per cent increase compared with the previous year, according to its audited financial statements. The result highlights continued strain on the bank’s overall earnings performance and balance sheet position. The financial statements show that the bank’s […]
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vRemittance Surge Strengthens Foreign Exchange Position

Remittance Surge Strengthens Foreign Exchange Position

Bangladesh has recorded a robust inflow of remittances at the beginning of May, with expatriate earnings continuing to play a pivotal role in stabilising the country’s external accounts. In the first three days of May alone, expatriates sent home approximately 315 million US dollars, according to the Bangladesh Bank. This translates to an average daily […]
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Major Tax Recovery Drive Gains Momentum

Major Tax Recovery Drive Gains Momentum

The Income Tax Intelligence and Investigation Unit of the National Board of Revenue (NBR) has reported significant progress in identifying tax evasion and recovering lost revenue since its formal launch in December 2024. The unit has been conducting extensive investigations throughout the 2025–2026 fiscal year up to April, with the objective of restoring discipline and […]
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Reinsurance market strained by Baltimore bridge claim

Reinsurance market strained by Baltimore bridge claim

Insured losses linked to the collapse of the Francis Scott Key Bridge are now estimated to exceed $2.8bn, according to Howden Re. The revision marks a substantial increase from the initial post-incident estimate of around $1.5bn following the March 2024 collision involving the Singapore-flagged container vessel Dali. Howden Re reports that the scale of the […]
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Service Cell In-Charge Meeting and Claim Cheque Distribution Held by Popular Life

Service Cell In-Charge Meeting and Claim Cheque Distribution Held by Popular Life

Popular Life Insurance Company Limited organised its Service Cell In-Charge Conference alongside the formal handover of insurance claim cheques to policyholders. The event took place on Monday (4 May) at the auditorium of the Institution of Diploma Engineers, Bangladesh (IDEB) in Dhaka. The programme was attended by senior officials of the company and focused on […]
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Prime Bank hosts PrimeAcademia seminar at BUTEX

Prime Bank hosts PrimeAcademia seminar at BUTEX

Prime Bank PLC, in collaboration with Bangladesh University of Textile (BUTEX) and its Career Club, organised a seminar titled “Financial Inclusion: Engaging & Inspiring Youth in Banking” under its PrimeAcademia initiative, according to a press release. The seminar focused on enhancing awareness of financial inclusion, developing youth engagement with the banking sector, and promoting essential […]
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