The central bank of Bangladesh has restructured the board of directors of Al-Arafah Islami Bank PLC by appointing 14 sponsor shareholders to the governing body. This decision, finalized on Wednesday, 15 July, marks a major step towards returning the private sharia-compliant commercial lender to shareholder control after a period of direct regulatory oversight. Arif Hossain […]

China’s insurance sector has reported a steady expansion in primary premium income alongside a corresponding rise in claim payouts for the first quarter of 2026. According to the latest regulatory supervisory data, the industry managed to achieve this growth whilst maintaining robust capital buffers that remain well above the statutory requirements set by financial authorities. […]

QBE Asia has announced the appointment of its Chief Financial Officer, Tay Siang Leng, as the Interim Chief Executive Officer of Wholesale Markets Asia. He steps into the role to succeed Ronak Shah, who is currently serving a period of garden leave slated to run until the end of September. In a brief corporate statement, […]

DHAKA — The central bank of Bangladesh has instituted a stringent regulatory framework for the importation of industrial boilers and their associated components, making prior official clearance mandatory. Operating under direct guidance from the Ministry of Industries, Bangladesh Bank has dispatched an official circular to all authorised dealers in foreign exchange, compelling financial institutions to […]