Category: Economy

Remittance Inflows Lift Bangladesh Foreign Reserves Remittance Inflows Lift Bangladesh Foreign Reserves

Remittance Inflows Lift Bangladesh Foreign Reserves

Bangladesh has reported a sharp rise in remittance inflows during the first week of April, underscoring continued strong support from its overseas workforce and growing reliance on formal money transfer systems. According to official figures, expatriate Bangladeshis sent home 823 million US dollars within the first seven days of the month, marking a substantial year-on-year […]
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Middle East Conflict May Push 1.2 Million Into Poverty Middle East Conflict May Push 1.2 Million Into Poverty

Middle East Conflict May Push 1.2 Million Into Poverty

A new assessment by the World Bank warns that escalating geopolitical tensions in the Middle East could significantly deepen economic hardship in Bangladesh, potentially pushing an additional 1.2 million people below the poverty line this year. The report underscores how external shocks, combined with persistent inflationary pressures and domestic structural weaknesses, are eroding earlier gains […]
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Singapore Insurance Hiring Slows As Remote Work Retreats Singapore Insurance Hiring Slows As Remote Work Retreats

Singapore Insurance Hiring Slows As Remote Work Retreats

Singapore’s insurance industry has recorded a noticeable slowdown in recruitment activity, accompanied by a pronounced reduction in remote and hybrid working arrangements, according to the latest Indeed Singapore Hiring Lab report. The findings underscore a broader moderation in labour demand across the city-state, even as overall employment conditions remain relatively resilient compared with pre-pandemic norms. […]
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Cover More Expands Travel Insurance Through Aon Partnership Cover-More Expands Travel Insurance Through Aon Partnership

Cover-More Expands Travel Insurance Through Aon Partnership

Australia’s travel insurance sector is set for a notable shift as Cover-More Group strengthens its market position through a strategic partnership with Aon. The agreement, which focuses on retail accounts, will see Cover-More deliver comprehensive travel insurance solutions to Aon’s clients and workforce across Australia, marking a significant step in the insurer’s expansion strategy. The […]
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Bangladeshi Ship Sets Sail Through Hormuz Strait After Ceasefire

Bangladeshi Ship Sets Sail Through Hormuz Strait After Ceasefire

After being stranded in the Persian Gulf for over a month due to the Middle Eastern conflict, the Bangladeshi-flagged vessel MV Banglar Joyatra has resumed its journey through the strategic Strait of Hormuz. The ship, operated by the Bangladesh Shipping Corporation (BSC), carries a crew of 31 Bangladeshi seafarers. According to MarineTraffic monitoring, the vessel […]
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Insurance for Single Mothers Protection or Restriction

Insurance for Single Mothers: Protection or Restriction?

The number of single mothers in Bangladesh is steadily rising, bringing the issue of financial security into sharp focus. For women raising children alone on limited incomes, the responsibility of managing household expenses and securing their children’s future rests entirely on their shoulders. In this context, savings and life insurance are increasingly viewed not as […]
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City Bank Receives Tk 1,200 Crore Bond Approval

City Bank Receives Tk 1,200 Crore Bond Approval

The Bangladesh Securities and Exchange Commission (BSEC) has approved a Tk 1,200 crore subordinated bond issued by City Bank, one of the country’s leading private banks. The seven-year bond aims to strengthen the bank’s Tier-2 capital and support its growing lending operations across corporate, retail, and SME sectors. The approval was granted during the 1007th […]
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