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Category: Economy

Bentley Seized in Kuala Lumpur Enforcement Sweep Bentley Seized in Kuala Lumpur Enforcement Sweep

Bentley Seized in Kuala Lumpur Enforcement Sweep

Kuala Lumpur, 9 February — Malaysia’s Road Transport Department (Jabatan Pengangkutan Jalan, JPJ) has seized a Bentley Continental during a targeted enforcement operation focusing on luxury vehicles along Jalan Tun Razak, following the discovery of multiple regulatory breaches attributed to the vehicle’s owner. The incident occurred during a special inspection exercise conducted on Saturday, aimed […]
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Bangladesh Bank Maintains Policy Rate at 10 Percent Bangladesh Bank Maintains Policy Rate at 10 Percent

Bangladesh Bank Maintains Policy Rate at 10 Percent

In a move aimed at controlling inflation and safeguarding economic stability, Bangladesh Bank has announced its monetary policy for the first half of the year, maintaining continuity with previous measures. The central bank has kept the policy interest rate unchanged at 10 percent. This decision is intended to regulate the flow of credit and investment […]
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Bangladesh Banks Partner Internationally to Recover Stolen Funds

Bangladesh Banks Partner Internationally to Recover Stolen Funds

Bangladesh Bank Governor Dr Ahsan Habib Mansur has announced a major step forward in the country’s efforts to reclaim funds siphoned abroad. Commercial banks in Bangladesh have entered into formal agreements with international legal consortia, enabling the judicial recovery of assets held by fugitives and involved in cross-border money laundering. Speaking at the Bangladesh Bank […]
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FWD Hong Kong Achieves Exceptional Premium Growth

FWD Hong Kong Achieves Exceptional Premium Growth

FWD Hong Kong has reported a remarkable surge in new business premiums during the first nine months of 2025, significantly outpacing industry averages. First-year premiums nearly doubled compared with the same period last year, underscoring the insurer’s strong market performance across all distribution channels. The results were disclosed in a preliminary report released by the […]
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Jamuna Bank and MRA Forge Innovative Partnership

Jamuna Bank and MRA Forge Innovative Partnership

Jamuna Bank PLC has formally entered into a strategic partnership with the Bangladesh Microcredit Regulatory Authority (MRA) through the signing of a Memorandum of Understanding (MoU). The agreement aims to strengthen collaboration between the two institutions and to provide modern, technology-driven banking solutions tailored to institutional needs. The MoU was signed by Mr A.K.M. Atiur […]
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Bangladeshi Cargo Vessel Sinks Off Phuket Coast

Bangladeshi Cargo Vessel Sinks Off Phuket Coast

A Panamanian-flagged cargo ship bound for Chattogram, Bangladesh, has sunk in waters off the coast of Phuket, Thailand. The incident occurred on Saturday, 7 February, at approximately 3:30 pm local time in deep waters near the island. The vessel, named MV Siloed Ark, measured 115 metres in length and was carrying 297 containers loaded with goods consigned […]
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Policyholders Struggle in Singapore Health Insurance Disputes

Policyholders Struggle in Singapore Health Insurance Disputes

Challenging insurance companies in Singapore over health coverage claims remains an uphill task for policyholders, according to recent parliamentary disclosures. Data reveals that insurers prevail in approximately 96% of health insurance disputes, highlighting a significant imbalance in dispute resolution outcomes. On 4 February 2026, Secretary of State Alvin Tan provided these figures during a parliamentary […]
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Community Bank–BizTrade Alliance Boosts SMEs

Community Bank–BizTrade Alliance Boosts SMEs

Community Bank Bangladesh PLC and BizTrade Ventures Limited have entered into a strategic partnership aimed at accelerating sustainable development and inclusive economic growth among the country’s small and medium-sized enterprises. The collaboration has been formalised through the signing of a Memorandum of Understanding (MoU), designed to strengthen and expand the nationwide “SME 360-Degree Business Solution” […]
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Strict Digital Banking Caps Imposed Ahead of Election Strict Digital Banking Caps Imposed Ahead of Election

Strict Digital Banking Caps Imposed Ahead of Election

In a sweeping move to curb the illicit flow of capital during the upcoming electoral cycle, Bangladesh Bank has announced drastic restrictions on Mobile Financial Services (MFS) and internet banking. The regulatory intervention, aimed at preventing the “misuse of funds” during the 13th National Parliamentary Election, will come into effect at midnight tonight and remain […]
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