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Category: Economy

Regulatory Row as IDRA Quints Insurance Renewal Fees Regulatory Row as IDRA Quints Insurance Renewal Fees

Regulatory Row as IDRA Quints Insurance Renewal Fees

Sharif Al Nahian | Sub-Editor | GLive24.comFebruary 9, 2026
The Insurance Development and Regulatory Authority (IDRA) has sparked a firestorm of legal controversy after issuing a gazette notification that significantly hikes registration renewal fees for insurance providers. The move, which quintuples the financial burden on the sector over the coming years, has faced immediate backlash from industry experts and stakeholders who question the statutory […]
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UK Financial Ombudsman Reports Lowest Complaints in Two Years UK Financial Ombudsman Reports Lowest Complaints in Two Years

UK Financial Ombudsman Reports Lowest Complaints in Two Years

Safayet Hossain | Sub-Editor | GLive24.comFebruary 8, 2026
The UK’s Financial Ombudsman Service (FOS) has reported a significant decline in new complaints, reaching their lowest level in two years. According to the latest report, between October and December 2025, the service received 47,300 complaints, down sharply from 68,400 in the same period the previous year. This decline reflects a stabilisation in complaint volumes […]
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UAE Cyber Council Urges Online Banking Caution UAE Cyber Council Urges Online Banking Caution

UAE Cyber Council Urges Online Banking Caution

Safayet Hossain | Sub-Editor | GLive24.comFebruary 8, 2026
The United Arab Emirates’ Cybersecurity Council has issued a strong advisory urging citizens to exercise heightened caution when handling financial information online. According to the council, banking and payment data remain prime targets for cybercriminals, who exploit such information to perpetrate theft and inflict economic damage. Citing recent trends, the council highlighted that fraudsters are […]
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South Africa Warns on Rising Stablecoin Risks South Africa Warns on Rising Stablecoin Risks

South Africa Warns on Rising Stablecoin Risks

Safayet Hossain | Sub-Editor | GLive24.comFebruary 8, 2026
South Africa’s Reserve Bank has issued a cautionary note regarding the growing popularity of stable cryptocurrencies. Addressing the 2026 Warwick Economics Summit on Saturday, Governor Lesetja Kganyago warned that such digital assets carry a tangible risk of collapse. “The central responsibility of the Reserve Bank is to maintain the uniformity and accessibility of the national […]
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Standard Bank Holds Strategic Business Review in Dhaka

Standard Bank Holds Strategic Business Review in Dhaka

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 8, 2026
Standard Bank PLC convened a comprehensive business review meeting for its Dhaka region at the bank’s head office on Saturday. The session saw the participation of branch heads from across the Dhaka region, marking a significant step in aligning the bank’s operational strategy with its national and international objectives. The meeting was presided over by […]
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Bangladesh Launches Comprehensive Insurance Sector Reforms

Bangladesh Launches Comprehensive Insurance Sector Reforms

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 8, 2026
The interim government of Bangladesh has embarked on an ambitious programme of reforms aimed at revitalising the country’s ailing insurance sector. Years of administrative weaknesses, regulatory gaps, and declining public confidence have driven insurance penetration to historic lows, prompting urgent corrective measures. The reform initiative seeks to restore financial stability, strengthen governance, and rebuild trust […]
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Banks’ CSR Funds and Police School Debate

Banks’ CSR Funds and Police School Debate

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comFebruary 8, 2026
A fresh controversy has emerged in Bangladesh over the use, transparency and prioritisation of corporate social responsibility (CSR) funds, following a proposal to finance the construction of a police-run school through donations from commercial banks. The Bangladesh Association of Banks (BAB) has formally requested 20 commercial banks to contribute Tk 5 million each from their […]
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Desh General Insurance Settles Max Group Fire Claims Desh General Insurance Settles Max Group Fire Claims

Desh General Insurance Settles Max Group Fire Claims

Sharif Al Nahian | Sub-Editor | GLive24.comFebruary 8, 2026
In a swift demonstration of corporate accountability, Desh General Insurance Company Limited has successfully settled two substantial marine cargo insurance claims for the industrial conglomerate Max Group. The payouts, totalling Tk1.63 million, follow a detrimental fire incident at the Hazrat Shahjalal International Airport (HSIA) cargo village late last year. The Incident and Settlement The claims […]
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Ehteshamul Huq Khan Appointed Dutch Bangla Bank CEO 1 Ehteshamul Huq Khan Appointed Dutch-Bangla Bank CEO

Ehteshamul Huq Khan Appointed Dutch-Bangla Bank CEO

Sharif Al Nahian | Sub-Editor | GLive24.comFebruary 8, 2026
Dutch-Bangla Bank PLC (DBBL), a cornerstone of Bangladesh’s private banking sector, has officially entered a new chapter of leadership. Mr Md. Ehteshamul Huq Khan has stepped into the role of Managing Director and Chief Executive Officer, assuming his duties this Saturday following a formal transition of power. The appointment comes as the bank bids farewell […]
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