Category: Economy

Surge in Counterfeit Currency Ahead of Eid Surge in Counterfeit Currency Ahead of Eid

Surge in Counterfeit Currency Ahead of Eid

As the holy festival of Eid-ul-Fitr approaches, the circulation of counterfeit currency has once again become rampant in Jhenaidah and neighbouring districts. Criminal syndicates are exploiting the surge in market activity, distributing fake banknotes through various means. Small and medium-sized businesses are particularly vulnerable to these scams. In one recent incident at the Paura Chattar […]
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Iran Tensions Strain Global Reinsurance Market

Iran Tensions Strain Global Reinsurance Market

Rising hostilities between the United States, Israel, and Iran are placing unprecedented pressure on the global reinsurance industry. Insurers and reinsurers are reassessing risk across multiple lines, as the Iran conflict exposes the limits of traditional reinsurance structures. Ben Rose, co-founder of Supercede, cautioned that the crisis is a crucial test of how well the […]
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U.S. Rolls Out $20 Billion Maritime Reinsurance Plan

U.S. Rolls Out $20 Billion Maritime Reinsurance Plan

The United States has introduced a $20 billion government-backed maritime reinsurance programme to ensure uninterrupted commercial shipping through the strategic Strait of Hormuz. The scheme, designed to mitigate rising conflict-related risks in the region, appoints the American insurer Chubb as the lead underwriter. Announced on 11 March 2026 by the U.S. International Development Finance Corporation […]
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EBL Celebrates Women SME Success

EBL Celebrates Women SME Success

Eastern Bank PLC has recognised a group of women entrepreneurs for their outstanding performance in repaying business loans obtained under the Small Enterprise Refinance Scheme for Women Entrepreneurs, an initiative introduced by Bangladesh Bank to strengthen female participation in the country’s small and medium enterprise sector. The recognition ceremony took place at the Chattogram office […]
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Philippines Insurance Industry Faces Key Challenges Philippines Insurance Industry Faces Key Challenges

Philippines Insurance Industry Faces Key Challenges

This week, leaders and policymakers in the Philippine insurance sector gathered to examine structural challenges and emerging opportunities, spotlighting a substantial protection gap, low life insurance penetration, intensifying cyber threats, and the pressing need for simpler, customer-centric products. The country faces a protection gap estimated at USD 400 billion, roughly equivalent to its entire gross […]
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Meta Infotech Wins Rs. 1.91 Crore Bank Renewal Meta Infotech Wins Rs. 1.91 Crore Bank Renewal

Meta Infotech Wins Rs. 1.91 Crore Bank Renewal

Meta Infotech Limited has secured a significant renewal order worth Rs. 1,91,09,587 from a leading domestic private sector bank, highlighting the company’s sustained presence in the competitive IT services sector. Announced on 14 March 2026, this contract underscores the firm’s continued engagement with major banking clients and reflects confidence in its ability to deliver both […]
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MetLife Bangladesh and Grameenphone Expand Insurance Coverage MetLife Bangladesh and Grameenphone Expand Insurance Coverage

MetLife Bangladesh and Grameenphone Expand Insurance Coverage

MetLife Bangladesh, one of the country’s leading life insurance providers, has recently entered into a strategic partnership with Grameenphone (GP) to broaden the reach of insurance coverage across Bangladesh. The agreement aims to leverage the strengths of both organisations to make life insurance more accessible, particularly to under-served populations, and to develop innovative initiatives that […]
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IMF Confirms Ongoing Support for Bangladesh Economy

IMF Confirms Ongoing Support for Bangladesh Economy

The International Monetary Fund (IMF) has reaffirmed its commitment to supporting Bangladesh’s economic development, signalling confidence in the country’s new leadership. On 12 March, Maxym Kryshko, the IMF’s resident representative, paid a courtesy visit to the newly appointed Governor of Bangladesh Bank, Md Mostaqur Rahman. Deputy Governor Md Habibur Rahman was also present at the […]
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