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Category: Economy

Zurich and Kenanga Unite Financial Services Zurich and Kenanga Unite Financial Services

Zurich and Kenanga Unite Financial Services

The Malaysian financial landscape has witnessed a significant transformation as Zurich Malaysia and Kenanga Investment Bank Berhad (Kenanga Group) formalised a strategic partnership. This collaboration, announced in Kuala Lumpur on 29 January, aims to bridge the historical gap between wealth creation and financial protection by integrating insurance and Takaful solutions directly into investment platforms. A […]
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Bangladesh Faces Urgent Climate Insurance Challenge Bangladesh Faces Urgent Climate Insurance Challenge

Bangladesh Faces Urgent Climate Insurance Challenge

Bangladesh, one of the world’s most climate-vulnerable nations, is witnessing the intensification of extreme weather events. Flooded farmland, saline intrusion into once-fertile rice paddies, and cyclone-ravaged coastal communities are jeopardising both agriculture and livelihoods across the country. Despite its global leadership in climate adaptation, Bangladesh has yet to fully harness the potential of climate risk […]
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State Banks Struggle with Debt Recovery Challenges

State Banks Struggle with Debt Recovery Challenges

State-owned commercial banks in Bangladesh are capable of lending, yet continue to face significant challenges in recovering loans, Bangladesh Bank Governor Dr Ahsan H. Mansur has observed. Addressing the Sonali Bank Annual Conference 2026 at the International Convention City Bashundhara (ICCB) on Monday, 2 February, Dr Mansur highlighted structural constraints that limit the operational efficiency […]
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Cautious Steps Towards Artificial Intelligence in Insurance

Cautious Steps Towards Artificial Intelligence in Insurance

Despite surging global enthusiasm for artificial intelligence (AI), the insurance sector remains notably cautious in embracing the technology at scale. A recent report by the research and analytics firm IDC reveals that while most insurers recognise AI’s strategic potential, only a small minority have progressed beyond experimentation to meaningful, enterprise-wide deployment. The study, commissioned by […]
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Bangladesh Unveils New 10-Taka Banknote

Bangladesh Unveils New 10-Taka Banknote

Dhaka, 3 February 2026: In a significant step towards modernising the nation’s currency system, Bangladesh Bank has officially unveiled the new 10-taka banknote, part of its ongoing “Historic and Archaeological Architecture of Bangladesh” series. This marks the first time the denomination will be widely circulated among the public. The announcement was made on Monday through […]
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ACI Returns to Profit, Announces Strategic Investments

ACI Returns to Profit, Announces Strategic Investments

After enduring two consecutive years of losses, one of Bangladesh’s leading industrial conglomerates, ACI Limited, has returned to profitability. In the first half of the current financial year (July–December 2025), the company reported a consolidated net profit of BDT 30 crore. This marks a remarkable turnaround compared with a net loss of BDT 65 crore […]
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