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Category: Economy

IDRA Hosts Workshop on Livestock Insurance Policy

IDRA Hosts Workshop on Livestock Insurance Policy

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comMarch 16, 2026
The Insurance Development and Regulatory Authority (IDRA) organised a dedicated workshop on Sunday, 15 March, as part of its ongoing efforts to develop the National Livestock Insurance Policy 2025. The initiative is designed to bolster insurance mechanisms for livestock and fisheries, offering farmers protection against economic losses due to disease outbreaks, natural hazards, and market […]
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Persian Gulf Faces Maritime Insurance Crisis Persian Gulf Faces Maritime Insurance Crisis

Persian Gulf Faces Maritime Insurance Crisis

Samiur Rahman Ratul | Sub-Editor | GLive24.comMarch 16, 2026
Heightened geopolitical tensions in the Middle East have triggered a growing crisis in the maritime insurance sector, as several insurers withdraw or limit war-risk coverage for vessels operating in the Persian Gulf. The move has sparked fresh concerns among global underwriters, with Fitch Ratings warning that U.S.-based marine insurers could face elevated credit and financial […]
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Takaful Insurance Gains Global Momentum

Takaful Insurance Gains Global Momentum

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comMarch 16, 2026
Takaful insurance is witnessing rapid global adoption as a cornerstone of Islamic finance. Designed as a Sharia-compliant alternative to conventional insurance, Takaful emphasises mutual assistance and shared responsibility, providing a system where participants collectively manage risk while adhering to Islamic ethical standards. Participants contribute to a common fund, which is then used to support members […]
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City Bank Advances Global Payments with Swift 1 City Bank Advances Global Payments with Swift

City Bank Advances Global Payments with Swift

Samiur Rahman Ratul | Sub-Editor | GLive24.comMarch 16, 2026
City Bank has taken a significant step towards modernising its cross-border payment services by committing to the adoption of a new Swift framework designed to enhance the speed, transparency, and tracking of international transactions. The move aims to provide customers with a seamless real-time payment experience, allowing them to monitor the progress of transfers at […]
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Global Insurance Fraud Escalates Amid Rising Risks

Global Insurance Fraud Escalates Amid Rising Risks

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comMarch 16, 2026
Insurance fraud is becoming an increasingly sophisticated and globalised problem, with methods differing across regions but sharing a common thread: fraudsters are exploiting gaps in regulation, economic pressures, and natural disasters to maximise illicit gains. Experts warn that fraud is evolving faster than ever, often spanning multiple countries and jurisdictions. In many cases, claimants rely […]
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Central Bank Simplifies Foreign Guarantee Rules

Central Bank Simplifies Foreign Guarantee Rules

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comMarch 16, 2026
Commercial banks in Bangladesh have been granted greater flexibility in extending credit to companies operating in the country, following a new policy allowing them to accept guarantees from overseas banks without seeking prior approval from bangladesh bank. The measure is expected to streamline the lending process and improve access to financing, particularly for firms that […]
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Shahjalal Islami Bank Executive Committee Holds 915th Meeting

Shahjalal Islami Bank Executive Committee Holds 915th Meeting

Yaman Ahmed Jim Sub-Editor (News Desk) | glive24.comMarch 16, 2026
The Executive Committee of Shahjalal Islami Bank PLC convened its 915th meeting on 11 March 2026 at the bank’s Corporate Head Office, where senior leadership gathered to deliberate on strategic investment decisions and organisational priorities. The meeting reflected the institution’s continuing commitment to sound governance, prudent financial management, and the expansion of investment activities in […]
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Bangladesh Bank Doubles Credit Card Limits Bangladesh Bank Doubles Credit Card Limits

Bangladesh Bank Doubles Credit Card Limits

Md Sakib Hossain | Sub-Editor | GLive24.comMarch 15, 2026
In a landmark initiative to strengthen Bangladesh’s digital payment infrastructure, Bangladesh Bank has introduced updated, comprehensive guidelines for credit card usage, significantly increasing borrowing limits while bolstering consumer protection measures. The directive, issued on Sunday, 15 March 2026, is part of the central bank’s broader push to encourage cashless transactions and modernise the country’s credit […]
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Economic Strain of War Threatens Trump Economic Strain of War Threatens Trump

Economic Strain of War Threatens Trump

Shourav Biswas | Sub-Editor | GLive24.comMarch 15, 2026
Despite initiating a military confrontation with Iran, Donald Trump has failed to secure widespread support among American citizens. Public opinion indicates that the conflict is highly unpopular across the United States. Simultaneously, a sharp rise in oil prices is gradually affecting nearly every sector of the American economy, raising concerns about the broader political and […]
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FCT Expands Health Coverage for Journalists FCT Expands Health Coverage for Journalists

FCT Expands Health Coverage for Journalists

Shourav Biswas | Sub-Editor | GLive24.comMarch 15, 2026
Abuja – The Federal Capital Territory Administration (FCTA) has announced a significant expansion of health insurance coverage for journalists working in the capital region, bringing nearly 480 media professionals under the umbrella of the FCT Health Insurance Scheme (FHIS). The announcement was made yesterday by Dr. Adedolapo Fasawoye, the Permanent Secretary of the FCT Ministry […]
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