Category: Economy

Professor Melita Mehjabin Takes Helm of National Bank Professor Melita Mehjabin Takes Helm of National Bank

Professor Melita Mehjabin Takes Helm of National Bank

Professor Melita Mehjabin has been appointed chairman of the board of directors of National Bank, replacing Abdul Awal Mintu, the former Minister for Environment, Forests and Climate Change and MP for Feni-3. Mintu stepped down in line with regulatory restrictions that prohibit sitting members of parliament from holding bank chairmanships. The decision was unanimously approved […]
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Indonesia’s Non-Life Insurance Faces Natural Disaster Strain

Indonesia’s Non-Life Insurance Faces Natural Disaster Strain

Indonesia’s non-life insurance sector is navigating a challenging environment, as insurers grapple with rising natural disaster claims alongside strict capital requirements. Increasing liabilities from floods, wildfires, and other calamities have raised concerns over premium hikes, higher operational costs, and potential coverage limitations. Analysts indicate that insurers must adapt their strategies to align with new capital […]
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Rising Demand for Wedding Insurance Abroad

Rising Demand for Wedding Insurance Abroad

The trend of Indian couples hosting weddings overseas has surged in recent years, driving a corresponding increase in the purchase of travel insurance. This shift reflects not only the growing popularity of destination weddings but also heightened awareness of the potential financial and medical risks associated with lengthy and expensive international travel. Growth and Trends […]
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Remittances Surge Beyond Three Billion Dollars

Remittances Surge Beyond Three Billion Dollars

Bangladesh witnessed a remarkable surge in remittance inflows in February 2026, with expatriates sending a total of $3.02 billion, marking a 19.15% increase compared to February 2025, according to figures released by Bangladesh Bank. This is one of the highest monthly remittance inflows recorded in February in recent years, highlighting a continuing upward trajectory. Arif […]
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Digital Banks Transform Global Transfers

Digital Banks Transform Global Transfers

For decades, sending money across borders was synonymous with delay, opacity and high cost. Lengthy paperwork, unfavourable exchange rates and steep commission charges often eroded the value of remittances before they even reached their destination. Today, however, a new generation of fully digital financial institutions has dramatically reshaped that experience. Known as neobanks, these branchless, […]
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Nagarik Coalition Demands Reconsideration of Governor Appointment Nagarik Coalition Demands Reconsideration of Governor Appointment

Nagarik Coalition Demands Reconsideration of Governor Appointment

The Nagarik Coalition, a prominent platform representing diverse professional and civil society groups in Bangladesh, has expressed profound apprehension regarding the government’s recent appointment of a high-profile businessman and active politician as the Governor of Bangladesh Bank. In a formal statement released on Sunday, signed by co-coordinator Fahim Mashroor, the coalition categorised the appointment as […]
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Visa Employees to Receive MetLife Insurance Coverage Visa Employees to Receive MetLife Insurance Coverage

Visa Employees to Receive MetLife Insurance Coverage

In a strategic move to strengthen employee welfare in Bangladesh, Visa has signed a comprehensive insurance agreement with MetLife Bangladesh. The partnership ensures that Visa employees, along with their dependent family members, will gain extensive insurance protection covering accidents, disability, and death. Additionally, dependents will be eligible for in-patient, out-patient, and maternity coverage, providing a […]
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Hawaii Targets Fossil Fuel Firms Over Climate Costs Hawaii Targets Fossil Fuel Firms Over Climate Costs

Hawaii Targets Fossil Fuel Firms Over Climate Costs

HONOLULU — Policymakers in Hawaii are intensifying efforts to address the escalating crisis in the state’s home insurance market, which has been profoundly affected by climate-related disasters. In a landmark move last year, the Hawaii State Legislature passed legislation urging property insurers to pursue legal action against major oil and gas corporations rather than transferring […]
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