Category: Economy

Ninth Pay Scale Implementation Faces Gradual Approach 3 Ninth Pay Scale Implementation Faces Gradual Approach

Ninth Pay Scale Implementation Faces Gradual Approach

The proposed implementation of the new pay structure for government officials, commonly referred to as the Ninth Pay Scale, remains under review and discussion. While the government has expressed policy-level support, ongoing economic instability and global uncertainties have reinforced the need for a phased and cautious rollout. Government sources indicate that heightened tensions and ongoing […]
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Limited Bank Branches to Operate During Eid Holidays 1 Limited Bank Branches to Operate During Eid Holidays

Limited Bank Branches to Operate During Eid Holidays

In anticipation of the upcoming Eid-ul-Fitr, Bangladesh Bank has instructed that select bank branches located near the ready-made garment (RMG) industrial areas remain open on a limited basis, even during the government-declared holidays. The primary aim of this directive is to ensure timely payment of workers’ salaries, allowances, and bonuses, as well as to facilitate […]
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Compliance Pressures Mount on Asia’s Wealth Insurers

Compliance Pressures Mount on Asia’s Wealth Insurers

Insurers serving Asia’s ultra-high-net-worth families are facing rising regulatory and operational challenges as authorities tighten scrutiny over cross-border wealth transfers. Stricter anti-money laundering (AML) frameworks and expanded beneficial ownership disclosure requirements are slowing client onboarding, complicating the issuance of high-premium insurance policies, and increasing administrative costs, industry experts report. “Families with assets spanning Singapore, Hong […]
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IDRA Under Fire Over Mandal CEO Controversy

IDRA Under Fire Over Mandal CEO Controversy

The Insurance Development and Regulatory Authority (IDRA) has come under scrutiny following allegations of procedural misconduct in the prolonged legal and administrative dispute involving Dr. Bishwajit Kumar Mandal. The case has raised serious questions about regulatory assurances, governance practices, and executive accountability in the insurance sector. Background of the Dispute Dr. Mandal was removed as […]
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SBAC Bank Supports National Startup Fund

SBAC Bank Supports National Startup Fund

SBAC Bank PLC has contributed more than 2.58 crore taka to the national startup investment fund established under the initiative of Bangladesh Bank, reinforcing efforts to improve financial access for innovative and technology-oriented entrepreneurs across the country. The cheque was formally handed over on Tuesday at the SME and Special Programmes Department of the central […]
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Central Bank Orders Liquidity Safeguards for Eid Holidays 1 Central Bank Orders Liquidity Safeguards for Eid Holidays

Central Bank Orders Liquidity Safeguards for Eid Holidays

In anticipation of the significant surge in financial activity during the upcoming Eid-ul-Fitr festivities, the Bangladesh Bank has issued a comprehensive directive to all scheduled banks. The central authority has mandated that financial institutions ensure their Automated Teller Machines (ATMs) remain adequately stocked with cash and that digital payment infrastructures operate without interruption throughout the […]
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Zenith Islamic Life Inks Munnu Medical Healthcare Pact Zenith Islamic Life Inks Munnu Medical Healthcare Pact

Zenith Islamic Life Inks Munnu Medical Healthcare Pact

In a significant move to bolster the accessibility and efficacy of private healthcare for policyholders, Zenith Islamic Life Insurance PLC has entered into a strategic corporate health agreement with the prestigious Munnu Medical College Hospital. The formal signing ceremony took place on Tuesday, 10 March 2026, at the Executive Director’s office within the hospital’s expansive […]
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OneLife Assurance Crowned Zambias Top Insurer 2 OneLife Assurance Crowned Zambia’s Top Insurer

OneLife Assurance Crowned Zambia’s Top Insurer

OneLife Assurance Limited has been honoured as the “Best Life Insurance Company Zambia 2026” at the prestigious Global Banking & Finance Review Awards® 2026, recognising its exceptional contribution to Zimbabwe’s life insurance sector. This accolade reflects the company’s robust financial performance, commitment to customer-focused innovation, and dedication to providing long-term financial security for individuals, families, […]
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Indian Life Insurance Sector Surges in February Indian Life Insurance Sector Surges in February

Indian Life Insurance Sector Surges in February

India’s life insurance industry demonstrated robust growth in February 2026, with total premiums rising by more than 20% year-on-year. This surge has been primarily driven by higher sales of traditional policies, coupled with steady demand across both public and private insurers, according to a report from Motilal Oswal Financial Services. Weighted Premiums Show Strong Recovery […]
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