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Category: Economy

Soaring Gold Prices Boost One Gram Jewellery Trend in India

Soaring Gold Prices Boost One Gram Jewellery Trend in India

Sharp increases in global gold prices are significantly altering jewellery consumption patterns across South Asia, with households increasingly turning to imitation jewellery and lower-purity alternatives, particularly for weddings and cultural ceremonies. In Indian-administered Kashmir’s Srinagar, 29-year-old accountant Uzma Bashir is closely monitoring gold prices ahead of her upcoming summer wedding. She works at a consultancy […]
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National Life Insurance Celebrates 42nd Anniversary

National Life Insurance Celebrates 42nd Anniversary

National Life Insurance Company, one of Bangladesh’s leading life insurance providers, observed its 42nd founding anniversary on Thursday (23 April) with a series of programmes held at its head office in Kawran Bazar, Dhaka (NLI Tower). The celebrations included a balloon release, a cake-cutting ceremony, and a formal discussion session marking the occasion. The event […]
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Inflation surge, currency slide hit depositors’ real gains

Inflation surge, currency slide hit depositors’ real gains

In 2025, bank depositors in Bangladesh faced a continued decline in real returns as inflation consistently outpaced interest rates, resulting in a measurable loss of purchasing power despite sustained growth in total bank deposits across the financial system. According to the Bangladesh Bank report “Banking Sector Update 2025”, the weighted average interest rate on deposits […]
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No Board Entry for Laundering Accused Bangladesh Bank

No Board Entry for Laundering Accused: Bangladesh Bank

The Bangladesh Bank has stated that individuals or groups facing allegations of money laundering abroad will not be allowed to serve on the boards of any banks in the country. The clarification was issued on Tuesday by Arief Hossain Khan, Executive Director and spokesperson of the central bank, to address public uncertainty regarding certain provisions […]
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PNB MetLife Launches RISE Guaranteed Income and Savings Plan PNB MetLife Launches "RISE" Guaranteed Income and Savings Plan

PNB MetLife Launches “RISE” Guaranteed Income and Savings Plan

MUMBAI — PNB MetLife India Insurance Company Limited, a prominent private life insurance provider in India, has formally introduced its latest savings and protection solution, the PNB MetLife RISE Plan. This product is classified as an individual, non-linked, non-participating life insurance policy, specifically engineered to provide a combination of guaranteed financial returns and comprehensive life […]
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Chubb Reports Substantial Profit Surge in First Quarter of 2026 Chubb Reports Substantial Profit Surge in First Quarter of 2026

Chubb Reports Substantial Profit Surge in First Quarter of 2026

ZURICH — Chubb Limited has released its financial results for the first quarter of 2026, ending 31 March, reporting a significant 74.3% year-on-year increase in net income. The global insurer’s net earnings reached $2.32 billion, compared to $1.33 billion during the same period in the previous year. This performance was underpinned by robust underwriting results […]
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Allianz and Jio Financial Services Formalise Strategic Insurance Partnership in India Allianz and Jio Financial Services Formalise Strategic Insurance Partnership in India

Allianz and Jio Financial Services Formalise Strategic Insurance Partnership in India

MUMBAI and MUNICH — Allianz Group, acting through its wholly owned subsidiary Allianz Europe B.V., has entered into a definitive, binding agreement with Jio Financial Services Limited (JFSL) to establish a 50:50 joint venture. This partnership is dedicated to the primary insurance sector, specifically targeting the general insurance and health insurance markets within India.   […]
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Catastrophe Bond Prices Fall Sharply Catastrophe Bond Prices Fall Sharply

Catastrophe Bond Prices Fall Sharply

The global catastrophe bond (cat bond) market has recently experienced a notable shift in pricing dynamics, with significant reductions in risk premiums driving down issuance costs. Two major United States-based insurers—American Integrity Insurance and SafePoint Insurance—have collectively secured $510 million in reinsurance protection through recent cat bond transactions, reflecting an approximate 25 per cent year-on-year […]
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Taka Exchange Rates Updated Globally Taka Exchange Rates Updated Globally

Taka Exchange Rates Updated Globally

Bangladesh’s economy is becoming increasingly integrated with global trade and remittance flows, making foreign exchange movements a critical indicator for policymakers, businesses, and households alike. Export earnings, import payments, and remittances from Bangladeshis working abroad collectively form the backbone of the country’s foreign currency inflows. Against this backdrop, daily exchange rate updates of the Bangladeshi […]
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