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Category: Economy

Sri Lanka Declares February Farmers Insurance Month Sri Lanka Declares February “Farmers’ Insurance Month”

Sri Lanka Declares February “Farmers’ Insurance Month”

Sri Lanka’s Agricultural and Agrarian Insurance Board (AAIB) has officially declared February 2026 as “Farmers’ Insurance Month”, a nationwide initiative aimed at making crop insurance more accessible to farmers across all regions. The campaign, overseen by the Ministry of Agriculture, Lands, Animal Husbandry, and Irrigation, seeks to raise awareness about insurance products and their benefits […]
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Sri Lanka Extends Special Insurance to Disaster Affected Students Sri Lanka Extends Special Insurance to Disaster-Affected Students

Sri Lanka Extends Special Insurance to Disaster-Affected Students

In the aftermath of severe natural disasters that struck various regions of Sri Lanka during November and December this year, the government has announced that affected schoolchildren will be entitled to special insurance benefits. These measures will be implemented under the government-operated Suraksha Sisu insurance programme, which currently provides health and educational protection to approximately […]
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GIFT City Emerges as Reinsurance Hub

GIFT City Emerges as Reinsurance Hub

India’s ambition to transform Gujarat International Finance Tec-City (GIFT City) into a globally competitive financial centre is increasingly being reflected in concrete market developments, particularly in the reinsurance sector. What began as a policy vision is now taking tangible shape as leading international reinsurance companies signal strong interest in establishing operations within this offshore financial […]
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Bangladesh Bank Raises Mobile Payment Purchase Limits

Bangladesh Bank Raises Mobile Payment Purchase Limits

Bangladesh Bank has announced a significant increase in the limits for purchasing digital goods and services using mobile phone balances. The move is aimed at promoting digital transactions and making both government and private services more accessible to consumers. Under the new guidelines, an individual customer can now spend up to Tk 2,000 per month […]
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Philippines, Mongolia Strengthen Deposit Insurance Cooperation

Philippines, Mongolia Strengthen Deposit Insurance Cooperation

In a landmark development aimed at enhancing financial market stability and fostering international collaboration, the Philippines’ Deposit Insurance Corporation (PDIC) and Mongolia’s Deposit Insurance Corporation (DICoM) have signed a historic Memorandum of Understanding (MoU). This marks the first direct partnership between the two institutions and represents a significant step towards experience sharing and capacity building […]
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Early February Remittances Deliver Economic Lift

Early February Remittances Deliver Economic Lift

Bangladesh has begun February with a striking surge in remittance inflows, offering a timely boost to an economy that has been navigating external pressures. In the first two days of the month alone, expatriate Bangladeshis sent home approximately US$326 million, translating into an average daily inflow of US$163 million. This figure is almost double that […]
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Central Bank Appoints Three New Additional Directors Central Bank Appoints Three New Additional Directors

Central Bank Appoints Three New Additional Directors

In a significant administrative reshuffle aimed at strengthening its regulatory oversight, Bangladesh Bank has announced the promotion of three senior officials to the rank of Additional Director. The decision, formalised through a circular issued by the central bank’s Human Resources Department-1 on Monday, 3 February 2026, underscores the institution’s commitment to internal talent development. Distinguished […]
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Sri Lanka Expands Crop Insurance Against Climate Risks Sri Lanka Expands Crop Insurance Against Climate Risks

Sri Lanka Expands Crop Insurance Against Climate Risks

The Democratic Socialist Republic of Sri Lanka is taking decisive action to fortify its agricultural backbone against an increasingly volatile environment. The Agricultural and Agrarian Insurance Board (AAIB) has officially designated February 2026 as “Insurance Month,” launching an ambitious campaign to expand crop cover for farmers grappling with a “triple threat” of climatic shifts, pestilence, […]
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