Category: Economy

Policy Weaknesses Put Bangladesh Economy Under Pressure Policy Weaknesses Put Bangladesh Economy Under Pressure

Policy Weaknesses Put Bangladesh Economy Under Pressure

Dhaka Chamber of Commerce and Industry (DCCI) President Taskin Ahmed has warned that Bangladesh’s economy is facing severe strain due to high interest rates, cumbersome administrative processes, and policy weaknesses. Speaking at a recent seminar, he highlighted that private sector credit growth has fallen to its lowest level in recent years, creating a challenging environment […]
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Bangladesh Faces Multifaceted Budget Challenges 2026 27 Bangladesh Faces Multifaceted Budget Challenges 2026-27

Bangladesh Faces Multifaceted Budget Challenges 2026-27

The forthcoming national budget for the fiscal year 2026–27 is set to confront multiple pressures, as Bangladesh grapples with high inflation, significant revenue shortfalls, stagnant investment, and sluggish implementation of development projects. According to the independent research organisation Centre for Policy Dialogue (CPD), addressing these challenges will require pragmatic policy measures, comprehensive revenue reforms, initiatives […]
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Global Insurance Neglects ₤55.5 Billion Reinsurance

Global Insurance Neglects ₤55.5 Billion Reinsurance

Global Insurance PLC has failed to reinsure policies valued at approximately 55.5 billion taka, in clear breach of statutory requirements. According to the Insurance Act 2010, insurance companies must arrange reinsurance for all re-insurable policies; failure to do so can result in suspension or cancellation of the company’s licence. The omission exposes both the insurer […]
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Singapore Aviation Premiums Rise Amid Middle East Tensions

Singapore Aviation Premiums Rise Amid Middle East Tensions

The intensifying conflict in Iran is prompting Singapore-based insurers and airlines to brace for rising aviation insurance costs and stricter policy conditions, according to legal and industry experts. Tristan Thompson, Partner at Kennedys, highlighted that the recent escalation compounds pressures lingering from the 2022 Ukraine crisis, placing Singapore’s aviation sector at a heightened risk. “The […]
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Manulife Champions Transparent Promotions for Women

Manulife Champions Transparent Promotions for Women

Equity in career advancement cannot rely on good intentions alone; it must be embedded in formal systems. Leah Ng, Chief Bancassurance Officer at Manulife (Singapore) Pte. Ltd., has urged the insurance industry to establish structured promotion pathways, highlighting the persistent structural barriers that prevent women from reaching senior leadership roles. Ng told Insurance Asia that […]
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Gold Prices Dip Amid Global Economic Uncertainty Gold Prices Dip Amid Global Economic Uncertainty

Gold Prices Dip Amid Global Economic Uncertainty

Amid ongoing global market volatility and economic uncertainties, gold prices in Bangladesh have once again declined. For the second consecutive session, the Bangladesh Jewellers’ Association (BAJUS) has reduced the rate of the precious metal, lowering the price per tola by 3,266 taka. The updated rates were officially announced on Monday morning, 9 March, and will […]
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Community Bank Arranges Textile Syndicated Facility

Community Bank Arranges Textile Syndicated Facility

Community Bank Bangladesh PLC has signed syndication mandate agreements with R.A. Spinning Mills Ltd. and Outpace Spinning Mills Ltd. to arrange a syndicated financing facility amounting to BDT 6,500 million. The initiative is designed to strengthen the financial capacity and operational expansion of the two textile manufacturing companies, both of which play an active role […]
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City Bank and Toyota Seal Partnership

City Bank and Toyota Seal Partnership

City Bank PLC and Toyota Bangladesh Limited have entered into a strategic partnership aimed at strengthening financial cooperation and supporting the operational growth of the automobile company in Bangladesh. The partnership was formalised through the signing of a Memorandum of Understanding at the head office of City Bank in Dhaka, signalling a new phase of […]
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Central Bank Slashes Red Tape for Overseas Investors Central Bank Slashes Red Tape for Overseas Investors

Central Bank Slashes Red Tape for Overseas Investors

In a decisive move to bolster foreign direct investment (FDI) and enhance the ease of doing business, the Bangladesh Bank has significantly liberalised the regulations governing the repatriation of capital by foreign investors. The central bank has announced that overseas shareholders may now repatriate proceeds from the sale or transfer of shares up to a […]
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BIA Appeals for Insurance Licence Fee Waivers BIA Appeals for Insurance Licence Fee Waivers

BIA Appeals for Insurance Licence Fee Waivers

The Bangladesh Insurance Association (BIA) has formally petitioned the Insurance Development and Regulatory Authority (IDRA) to waive the remaining licence renewal fees for both life and non-life insurance companies for the 2026 calendar year. This move comes as the industry seeks fiscal breathing room amidst a shifting regulatory and economic landscape. A Formal Appeal for […]
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