Category: Economy

European Insurance Sector Accelerates Consolidation

European Insurance Sector Accelerates Consolidation

At the outset of 2026, Europe’s insurance and reinsurance industry is experiencing a notable uptick in consolidation and merger activity. Following a series of significant deals, numerous reinsurance firms have become increasingly active in evaluating potential acquisitions to strengthen their market positions. A recent high-profile transaction by Zurich Insurance Group’s specialist unit, Beazle, has emphasised […]
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Government Unveils Plans for Farmers Crop Insurance 1 Government Unveils Plans for Farmers’ Crop Insurance

Government Unveils Plans for Farmers’ Crop Insurance

At a programme held in Cumilla on Wednesday, the Minister of Food, Fisheries and Livestock and Agriculture, Mohammed Amin Ur Rashid, announced that the government plans to introduce crop insurance to safeguard farmers’ livelihoods against natural disasters. Speaking as the chief guest at a rice distribution event organised by the Ministry of Food at Shyampur […]
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Bangladesh Seeks $350 Million Extra World Bank Guarantee

Bangladesh Seeks $350 Million Extra World Bank Guarantee

Bangladesh has requested an additional US$350 million loan guarantee from the World Bank to secure liquefied natural gas (LNG) imports amid escalating tensions in the Middle East and rising global fuel prices. The move is part of the government’s strategy to safeguard the country’s energy supply chain against increasing volatility in international energy markets. Petrobangla, […]
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Prime Bank, Export Sheba Forge Export Drive

Prime Bank, Export Sheba Forge Export Drive

In a concerted effort to accelerate Bangladesh’s export diversification, Prime Bank PLC has formalised a strategic collaboration with Export Sheba. The partnership is aimed at strengthening the country’s export ecosystem by equipping small and medium-sized enterprises (SMEs) and emerging exporters with the knowledge, tools, and confidence required to compete in global markets. The agreement was […]
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Banks Operate Limited Hours for RMG Workers Banks Operate Limited Hours for RMG Workers

Banks Operate Limited Hours for RMG Workers

Ahead of the Eid-ul-Fitr celebrations, selected bank branches across Bangladesh will operate on a limited basis on Thursday, 19 March, to facilitate salary and allowance payments for ready-made garment (RMG) workers. This follows directives from Bangladesh Bank to ensure essential banking services remain accessible in industrial areas while operating with minimal staff. Branches located in […]
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Allianz Malaysia Enhances Motor Accident Protection Allianz Malaysia Enhances Motor Accident Protection

Allianz Malaysia Enhances Motor Accident Protection

Allianz General Insurance Company (Malaysia) Berhad has announced a significant enhancement to its motor personal accident coverage, providing increased protection for both motorcyclists and car drivers nationwide. This move forms part of the company’s ongoing commitment to deliver accessible and comprehensive insurance solutions for Malaysian road users. From 3 March to 31 December 2026, customers […]
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Navi Unveils App Only Motor Cover Navi Unveils App-Only Motor Cover

Navi Unveils App-Only Motor Cover

Navi General Insurance has launched a new motor insurance product in India, reinforcing its commitment to a fully digital, customer-first approach in a rapidly expanding automotive and insurance market. The offering is built around a seamless, app-based ecosystem that allows customers to purchase, customise, and manage their policies entirely online. By eliminating paperwork and in-person […]
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Nearly All Factories Complete Salary Payments Nearly All Factories Complete Salary Payments

Nearly All Factories Complete Salary Payments

Mahmud Hasan Khan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), announced on Wednesday that nearly all member factories have successfully disbursed workers’ salaries and bonuses for February. Speaking at a press conference at the BGMEA headquarters in Uttara, Dhaka, he stated that 99.91% of member factories had paid February salaries, while 99.81% […]
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