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Category: Economy

Agent Banking Proprietor Absconds Following Alleged Multi Million Taka Fraud Agent Banking Proprietor Absconds Following Alleged Multi-Million Taka Fraud

Agent Banking Proprietor Absconds Following Alleged Multi-Million Taka Fraud

An agent banking outlet owner affiliated with Islami Bank Bangladesh PLC has reportedly disappeared after allegedly embezzling a substantial sum of money from depositors in the Longadu sub-district of Rangamati. The individual, identified as Md. Russell, served as the proprietor of the agent banking outlet and has been accused of orchestrating a large-scale financial fraud […]
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Commission Reform Oversight Intensified Commission Reform Oversight Intensified

Commission Reform Oversight Intensified

A strengthened supervisory framework has been introduced in Bangladesh’s non-life insurance sector to monitor the implementation of a zero per cent commission policy for individual agents and to improve the complaint resolution mechanism. The third meeting of the Vigilance Team’s Complaint Scrutiny and Hearing Committee was held on Saturday, 2 May, at the premises of […]
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United Insurance Faces Profit Pressure United Insurance Faces Profit Pressure

United Insurance Faces Profit Pressure

In the first quarter of the current year (January–March), United Insurance Limited, a listed non-life insurance company on the capital market, experienced significant pressure on its financial performance. The company reported a sharp decline in earnings per share (EPS), nearly halving compared with the same period last year, primarily due to rising claim settlement costs […]
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news thumbnail 1778057673506 Oil Prices Fall on Peace Signal

Oil Prices Fall on Peace Signal

International crude oil prices declined for a second consecutive session after United States President Donald Trump indicated the possibility of a peace agreement with Iran, easing concerns over Middle Eastern supply disruptions. According to a report published on Wednesday (6 May) by Reuters, Brent crude futures fell by $1.69, or 1.5 per cent, to $108.18 […]
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Asia’s 2025 Disaster Losses Reveal 92% Protection Gap

Asia’s 2025 Disaster Losses Reveal 92% Protection Gap

The financial impact of natural catastrophes across Asia reached $5.2 billion in insured losses during 2025, according to the April “sigma” report from Swiss Re. While substantial, this figure represents a mere fraction of the total economic destruction, as 92% of losses remained uninsured. This significant “protection gap” highlights the ongoing vulnerability of the region, […]
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Asia Commercial Insurance Rates Fall 5% in Q1 2026

Asia Commercial Insurance Rates Fall 5% in Q1 2026

Commercial insurance pricing across Asia continued its downward trend in the first quarter of 2026, recording an average decrease of 5%. This latest data point, published in the Marsh Asia Insurance Market Index Q1 2026, signifies the seventh consecutive quarter of rate contractions for the region. The persistent softening of the market highlights a period […]
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Sonali Bank Records Highest Profit

Sonali Bank Records Highest Profit

Sonali Bank, the largest state-owned commercial bank in Bangladesh, has reported its highest-ever net profit of Tk1,313 crore for the financial year 2025, reflecting a 33 per cent rise compared with the previous year, according to its audited financial statements. The bank’s financial results indicate a strong dependence on investment-related income, particularly from government securities. […]
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Janata Bank Reports Rising Losses

Janata Bank Reports Rising Losses

State-owned Janata Bank has posted a substantial financial loss of Tk3,931 crore for the year 2025, reflecting a 28 per cent increase compared with the previous year, according to its audited financial statements. The result highlights continued strain on the bank’s overall earnings performance and balance sheet position. The financial statements show that the bank’s […]
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