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Category: Economy

Central Bank Prohibits Staff Foreign Travel On Bank Funds 1 Central Bank Prohibits Staff Foreign Travel On Bank Funds

Central Bank Prohibits Staff Foreign Travel On Bank Funds

In a definitive move to bolster transparency and accountability within the nation’s financial sector, Bangladesh Bank has issued a comprehensive new directive. The central bank has imposed a stringent ban on its officers and staff participating in training programmes, seminars, symposiums, and workshops—both domestically and abroad—that are funded by commercial banks, financial institutions, or related […]
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Urgent Demand for Pay Revision 2 Urgent Demand for Pay Revision

Urgent Demand for Pay Revision

Government employees in Bangladesh have expressed growing frustration over delays in implementing a revised national pay structure, citing rising living costs and continued financial strain. The Bangladesh Government Employees Welfare Association Central Convening Committee has urged authorities to finalise and implement the recommendations of the proposed National Pay Commission 2025 before the upcoming national budget […]
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Ministry Demands Explicit Proposal on Insurance Registration Fees

Ministry Demands Explicit Proposal on Insurance Registration Fees

The Ministry of Finance has issued a formal directive to the Insurance Development and Regulatory Authority (IDRA), seeking a precise and elucidated proposal regarding the registration renewal fees for private insurance companies for the 2026 fiscal year. This request aims to standardise and simplify the renewal process, ensuring that the financial obligations of insurers are […]
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Deepfake Fraud A Growing Technological Threat to Global Insurance

Deepfake Fraud: A Growing Technological Threat to Global Insurance

The rapid evolution of Artificial Intelligence (AI) has fundamentally altered the risk landscape for the global insurance industry. Insurers are increasingly alarmed by the rise of “deepfake” technology—synthetic media created by AI that can convincingly mimic real people. While deepfakes were previously associated with social media disinformation and political manipulation, they have now emerged as […]
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Nagad Partners With Postal Department For Life Insurance 2 Nagad Partners With Postal Department For Life Insurance

Nagad Partners With Postal Department For Life Insurance

The Bangladesh Post Office has formalised a strategic agreement with the mobile financial service provider, Nagad, to digitalise the premium collection process for Postal Life Insurance (PLI). This collaboration, finalised on Wednesday at the Dak Bhaban, aims to eliminate the traditional requirement for policyholders to visit physical post office branches and wait in queues to […]
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