Category: State

Bangladesh Bank Raises Mobile Payment Purchase Limits

Bangladesh Bank Raises Mobile Payment Purchase Limits

Bangladesh Bank has announced a significant increase in the limits for purchasing digital goods and services using mobile phone balances. The move is aimed at promoting digital transactions and making both government and private services more accessible to consumers. Under the new guidelines, an individual customer can now spend up to Tk 2,000 per month […]
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Philippines, Mongolia Strengthen Deposit Insurance Cooperation

Philippines, Mongolia Strengthen Deposit Insurance Cooperation

In a landmark development aimed at enhancing financial market stability and fostering international collaboration, the Philippines’ Deposit Insurance Corporation (PDIC) and Mongolia’s Deposit Insurance Corporation (DICoM) have signed a historic Memorandum of Understanding (MoU). This marks the first direct partnership between the two institutions and represents a significant step towards experience sharing and capacity building […]
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Early February Remittances Deliver Economic Lift

Early February Remittances Deliver Economic Lift

Bangladesh has begun February with a striking surge in remittance inflows, offering a timely boost to an economy that has been navigating external pressures. In the first two days of the month alone, expatriate Bangladeshis sent home approximately US$326 million, translating into an average daily inflow of US$163 million. This figure is almost double that […]
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Central Bank Appoints Three New Additional Directors Central Bank Appoints Three New Additional Directors

Central Bank Appoints Three New Additional Directors

In a significant administrative reshuffle aimed at strengthening its regulatory oversight, Bangladesh Bank has announced the promotion of three senior officials to the rank of Additional Director. The decision, formalised through a circular issued by the central bank’s Human Resources Department-1 on Monday, 3 February 2026, underscores the institution’s commitment to internal talent development. Distinguished […]
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Sri Lanka Expands Crop Insurance Against Climate Risks Sri Lanka Expands Crop Insurance Against Climate Risks

Sri Lanka Expands Crop Insurance Against Climate Risks

The Democratic Socialist Republic of Sri Lanka is taking decisive action to fortify its agricultural backbone against an increasingly volatile environment. The Agricultural and Agrarian Insurance Board (AAIB) has officially designated February 2026 as “Insurance Month,” launching an ambitious campaign to expand crop cover for farmers grappling with a “triple threat” of climatic shifts, pestilence, […]
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Four Day Financial Closure for National Election Four-Day Financial Closure for National Election

Four-Day Financial Closure for National Election

The Bangladeshi financial landscape is set for a significant mid-February hiatus. To facilitate the upcoming 13th National Parliamentary Election and National Referendum, the central bank has mandated that all financial institutions across the country remain closed on Wednesday, 11 February, and Thursday, 12 February 2026. This directive, issued on 3 February by the Department of […]
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Zurich and Kenanga Unite Financial Services Zurich and Kenanga Unite Financial Services

Zurich and Kenanga Unite Financial Services

The Malaysian financial landscape has witnessed a significant transformation as Zurich Malaysia and Kenanga Investment Bank Berhad (Kenanga Group) formalised a strategic partnership. This collaboration, announced in Kuala Lumpur on 29 January, aims to bridge the historical gap between wealth creation and financial protection by integrating insurance and Takaful solutions directly into investment platforms. A […]
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Bangladesh Faces Urgent Climate Insurance Challenge Bangladesh Faces Urgent Climate Insurance Challenge

Bangladesh Faces Urgent Climate Insurance Challenge

Bangladesh, one of the world’s most climate-vulnerable nations, is witnessing the intensification of extreme weather events. Flooded farmland, saline intrusion into once-fertile rice paddies, and cyclone-ravaged coastal communities are jeopardising both agriculture and livelihoods across the country. Despite its global leadership in climate adaptation, Bangladesh has yet to fully harness the potential of climate risk […]
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