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Category: Economy

Concerns Over Deposits at Islamic Banks

Concerns Over Deposits at Islamic Banks

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 6, 2026
Widespread uncertainty has emerged around the newly announced deposit protection scheme amid the ongoing merger process of five Islamic banks, raising anxiety among thousands of depositors and increasing pressure on bank branches. In recent days, customers have crowded branches seeking to withdraw funds for urgent needs, only to face delays and conflicting responses. Frontline bank […]
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Life Insurance Revenue Rises, Claim Payouts Decline

Life Insurance Revenue Rises, Claim Payouts Decline

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 5, 2026
Bangladesh’s life insurance sector has recently witnessed growth in revenue and investments, yet concerns have emerged as policy claim payouts have decreased. In 2024, the total premium income of the country’s life insurance companies declined by BDT 121 crore compared to 2023, settling at BDT 11,390 crore. Despite this slight fall in revenue, the sector’s […]
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South Korea Tightens EV Fire Safety Regulations

South Korea Tightens EV Fire Safety Regulations

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 5, 2026
In a decisive move to curb the rising number of electric vehicle (EV) fires, South Korea has introduced stringent fire safety and liability insurance regulations, effective from 1 January 2026. The new rules require all EV charging stations and service providers to secure comprehensive insurance against fire, explosion, and electric shock incidents. The initiative is […]
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Remittance Inflows Surge $3.51 Billion in January

Remittance Inflows Surge: $3.51 Billion in January

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 5, 2026
Bangladesh has witnessed a significant increase in remittances sent by its expatriate workforce. In the first three days of January 2026 alone, the country received $2.88 billion (approximately ৳351.36 crore) in remittances. This data was confirmed by Bangladesh Bank spokesperson Arif Hossain Khan on 4 January 2026. Compared with the same period last year, this […]
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Indonesia Makes Travel Insurance Mandatory for Foreign Tourists

Indonesia Makes Travel Insurance Mandatory for Foreign Tourists

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 5, 2026
Indonesia’s Financial Services Authority (OJK) has announced a landmark decision mandating travel insurance for all foreign visitors entering the country. The initiative aims to provide international travellers with financial protection against health emergencies, accidents, and travel-related risks while simultaneously fostering innovation and growth within Indonesia’s domestic insurance sector. Ogi Prastomiano, Head of OJK’s Board for […]
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Islami Bank Leads Remittance Inflows

Islami Bank Leads Remittance Inflows

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 5, 2026
Remittance has long been one of the principal pillars of Bangladesh’s economy, providing a vital cushion against external shocks. In 2025, at a time when the country was grappling with dollar shortages, pressure on foreign exchange reserves and rising import costs, inflows from expatriate Bangladeshis delivered notable relief. According to Bangladesh Bank statistics, migrants sent […]
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The exchange rates for 5 January 2026 The exchange rates for 5 January 2026

The exchange rates for 5 January 2026

GLive24.com DeskJanuary 5, 2026
Bangladesh Bank has issued the latest exchange rates for the Bangladeshi Taka (BDT) against a wide spectrum of major foreign currencies, reflecting recent trends in global financial markets as well as domestic economic developments. The updated figures, released on Monday, 5 January 2026, provide a vital reference for banks, financial institutions, businesses, and individuals engaged […]
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Dual Legal Pressure on Borrowers Intensifies

Dual Legal Pressure on Borrowers Intensifies

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 4, 2026
In Bangladesh, banks are increasingly pursuing a dual-track legal strategy against defaulters, a practice critics have termed “double punishment.” While borrowers lose assets through loan recovery courts, they simultaneously face arrest or fines under the country’s cheque dishonour laws. As a result, many individuals are being penalised twice for the same debt, even after their […]
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NCC Bank Unveils “Double Benefit Scheme”

NCC Bank Unveils “Double Benefit Scheme”

Jim Rahman Sub-Editor (News Desk) | glive24.comJanuary 4, 2026
In a move aimed at promoting savings culture and providing long-term financial security for investors, NCC Bank has unveiled its new “Double Benefit Scheme”. The scheme allows customers to gradually grow their principal investment, offering flexibility through small monthly instalments alongside an initial deposit. While banks in Bangladesh occasionally offer “double your money” schemes, many […]
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