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Category: Economy

Reinsurance Market Needs Hundred Billion Dollar Catastrophe Loss 1 Reinsurance Market Needs Hundred Billion Dollar Catastrophe Loss

Reinsurance Market Needs Hundred Billion Dollar Catastrophe Loss

GLive24.com DeskMay 20, 2026
AM Best, the international credit rating agency specialising in the insurance industry, has formally revised its market outlook for the global non-life reinsurance sector. The rating agency shifted its stance from positive to stable, pointing towards a notable deceleration in property reinsurance rates and a widespread return to conventional market conditions. The announcement was detailed […]
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Foreign Exchange Rates Remain Steady Foreign Exchange Rates Remain Steady

Foreign Exchange Rates Remain Steady

GLive24.com DeskMay 20, 2026
The foreign exchange market in Bangladesh continued to show mixed movements on Wednesday, reflecting ongoing global economic uncertainties and persistent pressures linked to geopolitical tensions in the Middle East. Over recent months, the currency market has experienced noticeable volatility, with a general upward bias in foreign currency prices, although today’s session presented a relatively stable […]
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Dollar Strength Near Six Week High Dollar Strength Near Six-Week High

Dollar Strength Near Six-Week High

GLive24.com DeskMay 20, 2026
The US dollar has climbed close to a six-week peak as escalating geopolitical tensions and renewed expectations of tighter monetary policy in the United States fuel demand for safe-haven assets. Market sentiment has shifted markedly amid concerns that prolonged conflict involving Iran could intensify inflationary pressures, potentially forcing the Federal Reserve to maintain or even […]
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Rising Claims Volumes Pressure Singaporean Insurance Underwriters

Rising Claims Volumes Pressure Singaporean Insurance Underwriters

GLive24.com DeskMay 20, 2026
Singapore’s financial services industry has recorded sustained asset growth, with statutory indicators from 2025 revealing that the sovereign state’s insurance sector has achieved historically high premium levels. Gross Written Premiums within the non-life underwriting segment increased by 8.4 per cent year-on-year, finishing at 6.09 billion Singapore Dollars (SGD) and marking the first time the category […]
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Educational Inflation in Bangladesh Accelerates Insurance Product Adoption

Educational Inflation in Bangladesh Accelerates Insurance Product Adoption

GLive24.com DeskMay 20, 2026
The escalating cost of education in Bangladesh is placing an unprecedented financial burden on households nationwide. This sharp upward trend in academic expenditures is primarily driven by three structural factors: high macroeconomic inflation, an increasing urban preference for premium schooling, and the rapid expansion of the private education sector. According to research by the World […]
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Central Bank Cautions Treasuries Against Currency Manipulation

Central Bank Cautions Treasuries Against Currency Manipulation

GLive24.com DeskMay 20, 2026
The Bangladesh Bank (BB) has formally warned the treasury heads of all scheduled commercial banks against engaging in speculative or manipulative foreign exchange transactions. The administrative warning was delivered during a high-level regulatory meeting convened at the central bank’s headquarters in Dhaka. The session, chaired by the Central Bank Governor, Md Mostaqur Rahman, addressed market […]
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Bankers Seek Legal Reforms to Combat Asset Looting

Bankers Seek Legal Reforms to Combat Asset Looting

GLive24.com DeskMay 20, 2026
The Bangladesh Association of Banks (BAB) has formally appealed to the interim administration to introduce more rigorous financial legislation to recover non-performing loans (NPLs). Private bank owners stated that tougher laws are required to address structural vulnerabilities left by widespread financial irregularities under the previous political regime. The proposals were presented during an official consultative […]
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Southeast Bank Expands Rural Network With Ten Shagotom Outlets

Southeast Bank Expands Rural Network With Ten “Shagotom” Outlets

GLive24.com DeskMay 20, 2026
Southeast Bank PLC has formally extended its financial services footprint into the unbanked and underserved segments of Bangladesh through the concurrent inauguration of 10 new agent banking outlets. Operating under the corporate brand name “Shagotom”, these newly commissioned outlets have been strategically deployed across rural and semi-urban territories within seven distinct districts: Tangail, Manikganj, Narsingdi, […]
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Central Bank Cancels Saturday Holiday Before Festive Period 2 Central Bank Cancels Saturday Holiday Before Festive Period

Central Bank Cancels Saturday Holiday Before Festive Period

GLive24.com DeskMay 20, 2026
Bangladesh Bank, the central regulatory authority of the country, has officially rescinded the scheduled weekly holiday for all banking and financial institutions on Saturday, 23 May. Despite Saturday traditionally being part of the standard weekend, all public sector, private commercial, and foreign banking institutions, alongside non-bank financial enterprises, are legally mandated to remain fully operational […]
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Bangladesh Unveils Newly Designed Five Taka Notes 1 Bangladesh Unveils Newly Designed Five Taka Notes

Bangladesh Unveils Newly Designed Five Taka Notes

GLive24.com DeskMay 20, 2026
The Government of Bangladesh has officially introduced a newly designed series of five-taka paper currency notes into national circulation. This monetary update is part of a broader thematic initiative designed to celebrate and highlight the rich historical and archaeological architecture of the country. According to an official press release issued by the Finance Division of […]
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