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Category: Economy

High Interest Rates Hindering Private Investment 1 High Interest Rates Hindering Private Investment

High Interest Rates Hindering Private Investment

Business leaders and economists have warned that Bangladesh’s private sector will struggle to regain momentum unless lending rates are reduced, arguing that persistently high interest rates, elevated inflation, rising tax burdens and energy shortages are discouraging investment and slowing economic activity. The concerns were raised during a discussion on the proposed national budget for the […]
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Gold Prices Surge on Weaker Dollar 2 Gold Prices Surge on Weaker Dollar

Gold Prices Surge on Weaker Dollar

Gold prices climbed sharply in international markets on Friday as easing expectations of further US interest rate increases and renewed pressure on the US dollar boosted demand for the precious metal, reinforcing its status as a preferred safe-haven asset during periods of economic uncertainty. According to a Reuters report published on Friday, spot gold rose […]
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Bangladeshs Foreign Exchange Reserves Climb Above 36 Billion Bangladesh’s Foreign Exchange Reserves Climb Above $36 Billion

Bangladesh’s Foreign Exchange Reserves Climb Above $36 Billion

Bangladesh’s gross foreign exchange reserves have remained above the US$36 billion mark under the Bangladesh Bank’s own accounting method, although reserves measured under the International Monetary Fund’s (IMF) Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6) methodology stand at a lower level. The latest figures were confirmed on Thursday night by Bangladesh […]
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Saturday Banking Extended for Mango Market Transactions 1 Saturday Banking Extended for Mango Market Transactions

Saturday Banking Extended for Mango Market Transactions

Bangladesh Bank has directed scheduled banks to keep selected branches and sub-branches open on Saturdays in major mango-producing districts of the greater Rajshahi region, seeking to ensure smooth financial transactions during the peak of the country’s mango harvesting and trading season. The decision comes at a time when wholesale fruit markets across north-western Bangladesh are […]
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Tokio Marine Indonesia Capital Strength Remains Resilient 1 Tokio Marine Indonesia Capital Strength Remains Resilient

Tokio Marine Indonesia Capital Strength Remains Resilient

PT Asuransi Tokio Marine Indonesia (TMI) is expected to maintain its strongest level of risk-adjusted capitalisation over the medium term, supported by steady internal capital generation and a conservative investment strategy, despite facing certain reinsurance-related risks, according to a recent assessment by AM Best. The global credit rating agency said the insurer’s balance sheet strength […]
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India Sets Up AI Task Force for Insurance Sector 1 India Sets Up AI Task Force for Insurance Sector

India Sets Up AI Task Force for Insurance Sector

India’s insurance regulator has formed a dedicated working group to examine the growing use of artificial intelligence (AI) across the insurance industry and develop safeguards to address emerging risks linked to the rapidly evolving technology. The Insurance Regulatory and Development Authority of India (IRDAI) has established a seven-member panel to create governance frameworks and recommend […]
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