Category: Economy

Middle East Tensions Strain Energy and Marine Insurance Middle East Tensions Strain Energy and Marine Insurance

Middle East Tensions Strain Energy and Marine Insurance

The recent escalation of conflict in the Middle East has intensified pressure on energy and marine insurance markets. Allianz Trade has highlighted that shipping disruptions and sustained upward trends in oil prices could directly affect claims costs, insurers’ balance sheets, and investment portfolios. Conflict and Market Implications In its latest report, Conflict in the Middle […]
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Aviva Reports 25 Profit Surge Resumes Buyback Aviva Reports 25% Profit Surge, Resumes Buyback

Aviva Reports 25% Profit Surge, Resumes Buyback

LONDON, 5 March – British insurer Aviva has reported a striking 25% increase in its annual profit, rising to £2.2 billion from £1.8 billion the previous year. Alongside this strong financial performance, the company has recommenced its share buyback programme, signalling renewed confidence in its growth trajectory. The robust results follow the integration of Direct […]
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Community Bank Guardian Life Launch Strategic Alliance Community Bank, Guardian Life Launch Strategic Alliance

Community Bank, Guardian Life Launch Strategic Alliance

Community Bank Bangladesh PLC has entered a strategic partnership with Guardian Life Insurance Limited, marking a significant step towards offering integrated banking and insurance solutions to customers. Branded under the slogan “One Partnership, Complete Protection”, the alliance aims to provide modern, customer-focused financial services while promoting innovation, financial inclusion, and seamless service delivery across Bangladesh. […]
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Bangladesh Currency Market Reflects Global Economic Trends Bangladesh Currency Market Reflects Global Economic Trends

Bangladesh Currency Market Reflects Global Economic Trends

Bangladesh’s economy is increasingly intertwined with international markets, driven in large part by the remittances sent home by millions of its expatriates. Each year, billions of US dollars flow into the country through these remittances, playing a pivotal role in sustaining the national economy, supporting foreign trade, and facilitating everyday financial transactions. To streamline business […]
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TIB Raises Conflict Concerns Over Governor TIB Raises Conflict Concerns Over Governor

TIB Raises Conflict Concerns Over Governor

Transparency watchdog Transparency International Bangladesh (TIB) has raised serious concerns over the recent appointment of a new governor to Bangladesh Bank, alleging that the decision may involve significant conflicts of interest. The anti-corruption organisation has urged the government to reconsider and potentially revoke the appointment in order to safeguard the integrity and independence of the […]
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Five Merged Banks Depositors Rally Over Low Returns at Central Bank

Five Merged Banks Depositors Rally Over Low Returns at Central Bank

On Thursday, depositors of five merged banks gathered outside the main gate of the central bank to protest, demanding the full repayment of their deposits along with accrued interest. The demonstration began at approximately 11 a.m., and the participants briefly obstructed the main road at Shapla Square. Police intervened and used water cannons to disperse […]
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Fresh Embezzlement Case Rocks Fareast Islamic Life

Fresh Embezzlement Case Rocks Fareast Islamic Life

Bangladesh’s Anti-Corruption Commission (ACC) has initiated a new case of financial misconduct against Fareast Islamic Life Insurance Company Limited, highlighting ongoing concerns over corporate governance in the country’s insurance sector. The case was filed on Monday, 2 March, at the ACC’s Dhaka-1 consolidated district office, based on a complaint submitted by Deputy Director Md. Sajib […]
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City Bank Adopts Global Responsible Banking Standards

City Bank Adopts Global Responsible Banking Standards

City Bank PLC, recognised as one of Bangladesh’s leading sustainable banks, has formally announced its membership of the United Nations Principles for Responsible Banking (PRB) and its affiliation with the United Nations Environment Programme Finance Initiative (UNEP FI). This milestone underscores the bank’s steadfast commitment to aligning its sustainable finance practices and responsible banking strategies […]
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