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Category: Business

Bangladesh Insurance Sector in Critical Distress

Bangladesh Insurance Sector in Critical Distress

GLive24.com DeskMarch 30, 2026
Bangladesh’s insurance sector is currently facing a critical period of instability, driven by weak policies, regulatory lapses, and diminishing public trust. Analysts warn that unless swift and decisive reforms are implemented, the sector’s future remains highly uncertain, with potential repercussions for the country’s overall financial stability. Policy Weaknesses Undermine Confidence A key factor behind the […]
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Last Chance for Tax Filing

Last Chance for Tax Filing

GLive24.com DeskMarch 30, 2026
With the extended deadline drawing to a close, taxpayers across Bangladesh have until Tuesday to submit their income tax returns, marking the final opportunity after multiple deadline extensions this fiscal year. Authorities have emphasised that no further extensions are expected, placing urgency on individuals yet to comply. The submission process is now entirely digital, administered […]
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Central Bank Sets New Digital Security Rules

Central Bank Sets New Digital Security Rules

GLive24.com DeskMarch 30, 2026
Bangladesh Bank has unveiled a detailed regulatory framework to strengthen the security and reliability of digital communications across the country’s financial sector. The newly issued directive, Guidelines on Partner Network, Version 1.0 (2026), aims to ensure seamless connectivity while safeguarding sensitive financial data in an increasingly digitalised environment. In a circular released on Sunday, the […]
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Non-Life Insurance Claims Largely Unsettled

Non-Life Insurance Claims Largely Unsettled

GLive24.com DeskMarch 29, 2026
In 2025, Bangladesh’s non-life insurance sector disbursed 1,242 crore taka in claims, leaving a striking 3,599 crore taka unresolved. This indicates that only 8.56% of claims were settled, while 91.44% remain pending, underscoring a significant challenge in claims management within the sector. The Insurance Development and Regulatory Authority (IDRA) released this information through its four […]
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Import Costs Surge Amid Insurance Hikes

Import Costs Surge Amid Insurance Hikes

GLive24.com DeskMarch 29, 2026
Rising tensions surrounding the strategically vital Hormuz Strait are beginning to affect Bangladesh’s imports of energy and essential food products, including dates. Despite recent government measures to lower import duties, market prices have not decreased as expected due to supply disruptions, higher shipping costs, and increased insurance premiums. NDTV reports that in April 2026, the […]
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When Compassion Outperforms Commerce

When Compassion Outperforms Commerce

GLive24.com DeskMarch 29, 2026
In the fiercely competitive world of global fast food, dominance is typically associated with expansive marketing, consistent branding, and vast financial resources. Yet in Saudi Arabia, industry titans such as KFC and McDonald’s have been unable to eclipse the remarkable influence of a local favourite—Al-Baik. This enduring success story is not rooted in aggressive expansion […]
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Insurance Sector Expands with Partnerships, Tech Boost

Insurance Sector Expands with Partnerships, Tech Boost

GLive24.com DeskMarch 28, 2026
The insurance industry experienced a notably active week from 23 to 27 March 2026, as companies announced new partnerships, product launches, and expanded technology investments. Hiring trends remain stable, mergers and acquisitions continue to recover, and leaders maintain cautious optimism amid ongoing economic, technological, and environmental challenges. New Collaborations and Product Innovations Several high-profile collaborations […]
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Weaknesses Exposed in Bangladesh Insurance Sector Weaknesses Exposed in Bangladesh Insurance Sector

Weaknesses Exposed in Bangladesh Insurance Sector

GLive24.com DeskMarch 28, 2026
Recent developments in Bangladesh’s insurance sector have brought to light persistent vulnerabilities, particularly in the life insurance segment, despite existing legal frameworks and regulatory oversight. Growing reports of irregularities and fraudulent practices have renewed focus on the sector’s structural challenges. At present, insurance fraud is mainly governed by the Insurance Act 2010 and the Penal […]
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