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Category: Economy

Karnataka CID Dismantles Massive Cyber Fraud Ring Karnataka CID Dismantles Massive Cyber Fraud Ring

Karnataka CID Dismantles Massive Cyber Fraud Ring

The Karnataka Cyber Crime Division (CID) has recently uncovered one of the largest cyber fraud operations in the state’s history, involving the illicit use of nearly 40,000 “mule” bank accounts. The operation is being hailed as a landmark intervention in digital fraud prevention, with far-reaching implications for online financial security. On 6 February, multiple CID […]
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Sonali Life Wins Sixth International Award

Sonali Life Wins Sixth International Award

Sonali Life Insurance Company Limited has once again secured international recognition, reaffirming its leadership within Bangladesh’s insurance sector. On Friday, 6 February, at a prestigious ceremony held in Bangkok, Thailand, organised by the Indian Chamber of Commerce, Sonali Life was honoured in the “Best Customer-Oriented Company” category at the Emerging Asia Insurance Awards. This marks […]
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Singapore Property Insurance Boosted by Rising Home Prices

Singapore Property Insurance Boosted by Rising Home Prices

Singapore’s property insurance sector is poised for steady growth over the coming years, driven by rising residential property prices, robust home transactions, and evolving technological and regulatory frameworks, industry analysts report. According to GlobalData, the Singapore property insurance market is expected to expand by 6.3% in 2026. In 2025, property insurance accounted for 19% of […]
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Midland Bank Sets 2026 Strategic Direction

Midland Bank Sets 2026 Strategic Direction

Midland Bank PLC successfully convened its Annual Business Conference 2026 on 6 February 2026, bringing together senior leadership, divisional heads, and representatives from key business units for a comprehensive, day-long strategic review. The conference served as a critical forum to evaluate the bank’s recent operational performance, scrutinise the proposed budget for 2026, and define strategic […]
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CapBridge and AIA Forge Wealth Preservation Alliance CapBridge and AIA Forge Wealth Preservation Alliance

CapBridge and AIA Forge Wealth Preservation Alliance

In a strategic move to fortify its private wealth ecosystem, the digital investment powerhouse CapBridge has entered into a significant partnership with AIA Singapore. This collaboration is designed to integrate sophisticated legacy planning and insurance solutions into CapBridge’s digital infrastructure, catering specifically to the nuanced requirements of high-net-worth (HNW) individuals and family offices. Bridging the […]
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Agrani Bank Slashes Defaulted Loans by BDT 3584 Crore Agrani Bank Slashes Defaulted Loans by BDT 3,584 Crore

Agrani Bank Slashes Defaulted Loans by BDT 3,584 Crore

State-owned Agrani Bank has successfully excised Tk3,584 crore (approximately £225 million) from its volume of defaulted loans over the course of 2025. This significant reduction is a cornerstone of a wider, aggressive strategy by Bangladesh’s public sector banks to clean up balance sheets and mitigate the systemic risks posed by non-performing assets (NPAs). A Turning […]
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Zurich Eyes Beazley as Global Insurance Markets Shift Zurich Eyes Beazley as Global Insurance Markets Shift

Zurich Eyes Beazley as Global Insurance Markets Shift

The global insurance and financial services landscape witnessed a whirlwind of activity between 2 and 6 February 2026. From high-stakes acquisition talks in Europe to strategic bancassurance pushes in South Asia and digital milestones in Singapore, the week underscored a sector in the midst of profound structural and technological evolution. Zurich’s Bold Move for Beazley […]
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৳6173 Crore Remittance Influx in Just Four Days ৳6,173 Crore Remittance Influx in Just Four Days

৳6,173 Crore Remittance Influx in Just Four Days

Bangladesh has witnessed an extraordinary financial surge in the opening days of February 2026, as expatriate workers repatriated a staggering ৳6,173 crore (approximately $506 million) in a mere four-day window. According to the latest figures released by Bangladesh Bank, this influx marks a significant acceleration in remittance momentum, largely attributed to the heightened activity surrounding […]
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