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Category: Economy

Bangladesh Records Significant Surge in Remittance Inflows

Bangladesh Records Significant Surge in Remittance Inflows

Bangladesh has experienced a robust influx of inward remittances during the initial thirteen days of May 2026. Official statistics released by the central bank confirm that expatriates transmitted a total of $1.743 billion through formal banking channels between 1 May and 13 May. At the prevailing exchange rate, this contributes approximately 213.95 billion BDT to […]
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Aon Expands Global Claims Copilot Platform Aon Expands Global Claims Copilot Platform

Aon Expands Global Claims Copilot Platform

Aon plc, the leading global professional services firm and insurance brokerage, has announced the international expansion of its Claims Copilot platform. The rollout extends the technology’s reach across North America, Asia Pacific, and several key markets within the Europe, Middle East, and Africa (EMEA) region. This move signifies a strategic effort to bolster the firm’s […]
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Remittance Growth Maintains Strong Momentum Remittance Growth Maintains Strong Momentum

Remittance Growth Maintains Strong Momentum

Bangladesh’s remittance inflows have continued their upward trajectory, reflecting sustained confidence among overseas workers and improved formal transfer channels. The latest figures from the central bank indicate robust year-on-year growth during the current fiscal period, supported by policy incentives and enhanced banking facilities. According to official data, total remittances reached approximately $30.94 billion during the […]
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Bangladesh Foreign Exchange Rates Update 3 Bangladesh Foreign Exchange Rates Update

Bangladesh Foreign Exchange Rates Update

The role of foreign currency exchange rates continues to grow in importance for Bangladesh, driven by a large expatriate workforce and expanding international trade links. With over ten million Bangladeshi citizens living abroad, remittances remain a crucial pillar of the national economy. As a result, daily fluctuations in global currency values directly affect household incomes, […]
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Bangladesh Bank Faces New Currency Shortage Before Eid

Bangladesh Bank Faces New Currency Shortage Before Eid

The demand for physical banknotes in Bangladesh traditionally surges during the festival of Eid-ul-Adha. For the upcoming season, Bangladesh Bank’s Currency Management Department has placed a requisition for 16,000 crore BDT in new banknotes from the Security Printing Corporation (Bangladesh) Ltd, also known as the Mint. However, the Mint has reported that it can only […]
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BRAC Bank to Modernise Karnaphuli Gas Bill Collection

BRAC Bank to Modernise Karnaphuli Gas Bill Collection

BRAC Bank and Karnaphuli Gas Distribution Company Limited (KGDCL) have entered into a strategic partnership to implement a digital gas bill collection system. The collaboration, formalised on 5 May 2026, is aimed at improving payment accessibility and operational transparency for customers across the utility provider’s service zones. Digital Infrastructure and API Integration The core of […]
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Prime Bank and Hazrat Shah Ali Mohila College Sign MoU

Prime Bank and Hazrat Shah Ali Mohila College Sign MoU

Prime Bank PLC has entered into a strategic partnership with Hazrat Shah Ali Mohila College through its dedicated educational banking platform, PrimeAcademia. The collaboration was formalised via a Memorandum of Understanding (MoU) aimed at delivering a sophisticated suite of financial services specifically engineered for the academic sector. Scope of the Financial Partnership The agreement introduces […]
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Singapore Life Insurance Payouts Reach Record First Quarter 3 Singapore Life Insurance Payouts Reach Record First Quarter

Singapore Life Insurance Payouts Reach Record First Quarter

The Life Insurance Association, Singapore (LIA Singapore) released its industry performance data for the first quarter of 2026 (Q1 2026) on 13 May. The figures reveal that total claims, health payouts, and maturity disbursements reached S$5.79 billion across both individual life and health insurance categories. This performance highlights two concurrent trends within the Singaporean market: […]
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