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Category: Business

Hong Kong Logs 109,813 Policies

Hong Kong Logs 109,813 Policies

Hong Kong’s long-term insurance industry issued 109,813 new direct long-term policies in 2025, according to provisional data published by the Insurance Authority. The figures provide an overview of market activity across new business written during the year, including both protection and savings-linked insurance products. New direct long-term business generated significant premium inflows over the reporting […]
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IDRA Lists Seven Firms for Insurance Audits

IDRA Lists Seven Firms for Insurance Audits

The Insurance Development and Regulatory Authority (IDRA) has empanelled seven Cost and Management Accounting (CMA) firms for conducting cost audits and performance audits of life and non-life insurance companies in Bangladesh. The decision forms part of the regulator’s broader initiative to enhance financial discipline, transparency, and accountability across the insurance sector. The announcement was issued […]
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Central Bank plans Tk40,000cr refinance scheme to revive factories

Central Bank plans Tk40,000cr refinance scheme to revive factories

The Bangladesh Bank is preparing to introduce a Tk40,000-crore refinance programme designed to revive closed and inactive industrial units across Bangladesh. The initiative aims to restore production activity, protect employment, and strengthen export capacity at a time of continued macroeconomic strain. Officials involved in the process said a policy framework is being drafted this week […]
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Footsteps, Eastern Bank Upgrade Libraries for Special Children

Footsteps, Eastern Bank Upgrade Libraries for Special Children

Footsteps Bangladesh, in partnership with Eastern Bank PLC, has inaugurated two Britto Children’s Libraries at the Eskaton and Dhanmondi campuses of SWID Bangladesh. The initiative is designed to enhance access to learning resources for children with special needs through dedicated and adapted library spaces. The project has been implemented under Project Britto, which focuses on […]
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Grameenphone, Prime Bank FinTech Enhance Connectivity

Grameenphone, Prime Bank FinTech Enhance Connectivity

Grameenphone has formed a partnership with Prime Bank FinTech Limited to expand access to secure and inclusive digital financial services across Bangladesh. The initiative brings together Grameenphone’s nationwide network and digital ecosystem with Prime Bank FinTech Limited’s Mobile Financial Services (MFS) platform to improve service availability and encourage wider adoption of digital transactions. The collaboration […]
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Ninth Pay Scale Push Intensifies Ninth Pay Scale Push Intensifies

Ninth Pay Scale Push Intensifies

In the run-up to the upcoming national budget, the Bangladesh Government Officers and Employees Welfare Association (Central Committee) has announced a series of coordinated programmes across Dhaka and other parts of the country, demanding the swift implementation of the Ninth National Pay Scale. The organisation has stated that, after years of delay in revising the […]
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Lockton Gains Saudi Reinsurance Licence

Lockton Gains Saudi Reinsurance Licence

Lockton has obtained a reinsurance licence in Saudi Arabia, allowing the broker to conduct facultative and treaty reinsurance business directly within the Kingdom. The approval represents a further expansion of its operations across the Middle East, particularly in a market undergoing rapid insurance sector development. With this authorisation, Lockton strengthens the integration between its global […]
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