Category: Economy

Lloyds App Data Exposure Incident Lloyds App Data Exposure Incident

Lloyds App Data Exposure Incident

A major UK financial services group, Lloyds Banking Group, has disclosed that a software malfunction affecting its mobile banking platforms led to the potential exposure of sensitive customer information belonging to nearly half a million users. The issue has prompted renewed scrutiny of digital banking security standards and the resilience of large-scale financial technology systems. […]
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Hidden Trade Flows Bangladeshs 6.83 Billion Outflow Hidden Trade Flows: Bangladesh’s $6.83 Billion Outflow

Hidden Trade Flows: Bangladesh’s $6.83 Billion Outflow

Over the past decade, Bangladesh has seen an estimated $6.83 billion illicitly leave the country through trade-related channels. At the current exchange rate of 122 Bangladeshi taka per US dollar, this amounts to more than BDT 833,000 crore. On average, around $683 million is siphoned abroad each year, representing a significant portion of the nation’s […]
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Bangladesh Forex Rates Show Mixed Trends Bangladesh Forex Rates Show Mixed Trends

Bangladesh Forex Rates Show Mixed Trends

Bangladesh’s integration with the global economy continues to deepen, with its trade in goods and services, remittance inflows, and import–export activities increasingly influenced by movements in foreign exchange rates. Economists note that currency valuation now plays a decisive role in shaping financial planning for businesses, overseas workers, and trade-dependent industries across the country. On Sunday, […]
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Non-Life Insurance Claims Largely Unsettled

Non-Life Insurance Claims Largely Unsettled

In 2025, Bangladesh’s non-life insurance sector disbursed 1,242 crore taka in claims, leaving a striking 3,599 crore taka unresolved. This indicates that only 8.56% of claims were settled, while 91.44% remain pending, underscoring a significant challenge in claims management within the sector. The Insurance Development and Regulatory Authority (IDRA) released this information through its four […]
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Import Costs Surge Amid Insurance Hikes

Import Costs Surge Amid Insurance Hikes

Rising tensions surrounding the strategically vital Hormuz Strait are beginning to affect Bangladesh’s imports of energy and essential food products, including dates. Despite recent government measures to lower import duties, market prices have not decreased as expected due to supply disruptions, higher shipping costs, and increased insurance premiums. NDTV reports that in April 2026, the […]
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Loan Defaults Hit One-Third of Bank Portfolios

Loan Defaults Hit One-Third of Bank Portfolios

The share of defaulted loans in Bangladesh’s banking sector has surged to 31.20% by the end of the December quarter, according to the latest update from Bangladesh Bank. This marks a sharp rise from 19.90% in the same period last year, signalling both regulatory adjustments and the exposure of long-hidden financial irregularities. In monetary terms, […]
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When Compassion Outperforms Commerce

When Compassion Outperforms Commerce

In the fiercely competitive world of global fast food, dominance is typically associated with expansive marketing, consistent branding, and vast financial resources. Yet in Saudi Arabia, industry titans such as KFC and McDonald’s have been unable to eclipse the remarkable influence of a local favourite—Al-Baik. This enduring success story is not rooted in aggressive expansion […]
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Insurance Sector Advances With Partnerships Hiring Stability And Digital Investment Insurance Sector Advances With Partnerships Hiring Stability And Digital Investment

Insurance Sector Advances With Partnerships Hiring Stability And Digital Investment

The global insurance industry recorded a week of significant momentum between 23 and 27 March, characterised by strategic partnerships, targeted product innovation, stable employment expectations, and a pronounced acceleration in technology investment. Despite persistent economic uncertainty and mounting transformation pressures, the sector continues to exhibit cautious optimism, underpinned by evolving business models and expanding customer […]
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