Disquiet has intensified across Bangladesh’s banking industry following the introduction of separate incentive bonus frameworks for state-owned and private commercial banks. The move has reignited debate over fairness, consistency and regulatory balance, with bankers and analysts alike warning that the imposition of divergent standards within the same sector could undermine staff morale and threaten broader […]

Apollo Global Management Inc., a leading US investment and asset management firm, has issued a stark warning regarding potential risks in the American insurance sector. The firm highlighted a growing trend among some US insurance companies to shift operations to the Cayman Islands, a move that could create vulnerabilities reminiscent of the sudden collapse of […]

United Commercial Bank (UCB) has issued a comprehensive clarification to dispel any potential misunderstanding arising from a recently published media report, firmly reiterating that there are no barriers whatsoever in its communication with the country’s market regulator. The bank has emphasised that its engagement with regulatory authorities has always been open, professional and constructive, reflecting […]

In a decisive move to bolster the industrial sector, Bangladesh Bank has introduced new measures to simplify the import of capital goods, a development expected to stimulate investment and streamline industrial operations nationwide. The central bank’s latest guidelines allow industrial investors to import machinery and capital goods under a three-year usance facility, eliminating the need […]

The Asia-Pacific insurance industry is on the cusp of a transformative shift, with nearly 56% of insurers planning to broaden their use of data analytics within the next twelve months. This move marks a decisive turn towards more sophisticated, technology-driven approaches to risk management, asset allocation, and regulatory compliance. A recent study by Clearwater Analytics […]

The global market for valuables insurance is on the cusp of a significant expansion, poised to redefine the landscape of asset protection over the coming decade. According to a recent analysis by Allied Market Research, the market was valued at USD 2.6 billion in 2024 and is projected to nearly double, reaching an estimated USD […]

Bangladesh is accelerating its transition towards electric mobility, and Prime Bank PLC has taken a significant step to facilitate this shift by unveiling a new suite of exclusive benefits for customers purchasing BYD vehicles. With electric cars increasingly capturing the interest of environmentally conscious motorists, the bank’s latest auto loan offerings are designed to make […]