After the change of government, the true extent of non-performing loans (NPLs), kept hidden for years, has come to light, prompting the central bank to instruct commercial bank managing directors to implement restructuring and partial write-off measures. At a meeting with bankers, Bangladesh Bank Governor Ahsan H Mansur stated that NPLs had reached Tk 6.44 […]

Islami Bank Bangladesh PLC has prominently showcased its commitment to supporting small and medium enterprises (SMEs) by opening an interactive stall at the 12th National SME Fair. The seven-day event, organised by the SME Foundation at the Bangladesh-China Friendship Conference Center, serves as a vital platform for entrepreneurs, investors, and business professionals to explore the […]

The White House has once again attracted criticism for employing a clip of singer and actress Sabrina Carpenter to promote U.S. Immigration and Customs Enforcement (ICE), despite the performer’s explicit objections. The controversy reignites long-standing debates over consent, artistic control, and the politicisation of creative work. Earlier this week, Carpenter publicly denounced what she described […]

Australia is confronting an escalating threat from natural disasters, driven largely by climate change, yet current investments in adaptation measures remain inadequate, warns a recent report from the Actuaries Institute. The analysis cautions that if this investment gap persists, climate-related economic losses could more than double over the coming decades, posing a significant risk to […]

Health insurance remains an indispensable component of contemporary healthcare systems, yet navigating the claims process has become an increasingly perplexing task for many patients. A growing number of individuals remain uncertain about how to submit claims after treatment, which medical expenses are covered, which are excluded, and the proportion of costs they must personally bear. […]

Five troubled Islamic banks are in the process of merging. First Security Islami Bank, Global Islami Bank, Social Islami Bank, EXIM Bank, and Union Bank are being consolidated into a new bank, ‘Sammlito Islami Bank PLC’. According to Bangladesh Bank sources, repayments to depositors could begin this week. Each depositor will be able to reclaim […]

A working committee formed under the directives of Bangladesh Bank has recommended extending the maturity of Beximco Ltd’s Shariah-compliant green Sukuk by six years. The company has informed that it will be unable to repay investors’ principal when the bond matures in December 2026. The 21-member committee, led by the Investment Corporation of Bangladesh (ICB), […]

EXIM Bank recently held a special meeting at its head office with ten major branches of the Dhaka Division, aiming to enhance the effectiveness and pace of investment recovery activities. The meeting took place on Saturday and was attended by the Administrator of EXIM Bank and Executive Director of Bangladesh Bank, Md. Sawkatul Alam, who […]

After the devastating fire at Wang Fuk Court in Tai Po, Hong Kong insurers are expanding financial assistance and accelerating claims processes for affected residents. Regulators, industry associations, and major insurers are actively reaching out to injured individuals and bereaved families to ensure prompt compensation. The Hong Kong Insurance Authority (IA) reported that as of […]