Category: State

Dilbar World’s Most Valuable Insured Yacht

Dilbar: World’s Most Valuable Insured Yacht

The luxury megayacht Dilbar, owned by Russian billionaire , is widely recognised as one of the most expensive private assets covered by marine insurance globally. According to estimates from the United States Department of the Treasury and maritime industry sources, the vessel’s value lies between $600 million and $735 million, positioning it as a high-stakes […]
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EBL, Friendship Join Forces for Health and Water

EBL, Friendship Join Forces for Health and Water

Eastern Bank PLC (EBL) has partnered with Friendship, a leading Bangladeshi NGO, to expand access to essential healthcare and safe drinking water for some of the country’s most vulnerable communities. The collaboration forms part of EBL’s Corporate Social Responsibility (CSR) efforts to promote sustainable development and social wellbeing. A Memorandum of Understanding (MoU) was signed […]
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Seven Day Closure of Stock Markets for Eid Seven-Day Closure of Stock Markets for Eid

Seven-Day Closure of Stock Markets for Eid

In observance of the holy Shab-e-Qadr and Eid-ul-Fitr, Bangladesh’s two principal stock exchanges—the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE)—will remain closed for seven consecutive days, from 17 March to 23 March. This information has been confirmed by official sources at both exchanges. The closure coincides with the pre-scheduled Eid holidays, with […]
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BNP Warns Zainul Abdin Faruk BNP Warns Zainul Abdin Faruk

BNP Warns Zainul Abdin Faruk

The Bangladesh Nationalist Party (BNP) has formally cautioned one of its senior leaders, Zainul Abdin Faruk, following a controversial remark he made about the political future of the party’s acting chairman, Tarique Rahman. Party officials stated that the comment did not reflect the organisation’s official stance and had generated unnecessary debate in the political arena. […]
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Bangladeshs Reserves Strengthen Amid Middle East Conflict Bangladesh’s Reserves Strengthen Amid Middle East Conflict

Bangladesh’s Reserves Strengthen Amid Middle East Conflict

Bangladesh’s foreign currency reserves have risen to USD 34.29 billion, reflecting a robust economic position despite ongoing geopolitical tensions in the Middle East. The development signals resilience in the country’s external sector amidst global uncertainties. The update was confirmed on Wednesday, 11 March, by Arif Hossain Khan, Executive Director and spokesperson of Bangladesh Bank. Current […]
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Bangladesh Bank Orders Energy Conservation Bangladesh Bank Orders Energy Conservation

Bangladesh Bank Orders Energy Conservation

Bangladesh Bank has issued fresh instructions to all banks in the country urging them to exercise restraint in the use of electricity and fuel, citing growing uncertainty in the global energy market. The central bank stated that geopolitical tensions and disruptions in international supply chains have raised concerns about possible interruptions in fuel availability, prompting […]
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Hong Kong Approves CNNCs First 2026 Captive Hong Kong Approves CNNC’s First 2026 Captive

Hong Kong Approves CNNC’s First 2026 Captive

The Hong Kong Insurance Authority (IA) has granted formal authorisation to CNNC Captive Insurance Limited, marking the first captive insurer approval in 2026. Established by the China National Nuclear Corporation (CNNC), this latest addition brings the total number of licensed captive insurers in Hong Kong to seven, reflecting the city’s growing appeal as a hub […]
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Florida Property Insurance Overhaul Gains Momentum Florida Property Insurance Overhaul Gains Momentum

Florida Property Insurance Overhaul Gains Momentum

Significant developments have emerged in Florida’s home and commercial property insurance sector, as legislators move to reduce reliance on the state-run Citizens Property Insurance programme. A new proposal aimed at shifting more condominium and commercial policies away from Citizens has been sent to Governor Ron DeSantis for approval. On Monday, the Florida House approved the […]
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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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