Category: State

Rising Disaster Costs Pressure Insurance Systems

Rising Disaster Costs Pressure Insurance Systems

A new report from The Geneva Association has warned that increasing disaster risks are placing sustained pressure on public–private insurance frameworks worldwide, raising concerns about their long-term sustainability unless stronger emphasis is placed on risk reduction and resilience. The study assessed 14 public–private insurance programmes (PPIPs) and found that, although many have played a role […]
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Islami Bank remains top dollar supplier to BB

Islami Bank remains top dollar supplier to BB

Islami Bank Bangladesh PLC has become the leading contributor to the Bangladesh Bank’s ongoing foreign exchange (forex) market intervention, supplying the largest share of US dollars purchased by the central bank in the current fiscal year. Bangladesh Bank (BB) has been actively purchasing foreign currency from commercial banks as part of its intervention strategy under […]
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SBAC Bank Hosts Women Business Workshop

SBAC Bank Hosts Women Business Workshop

SBAC Bank PLC has arranged a comprehensive, day-long workshop on financial management to strengthen the operational and managerial capacity of women entrepreneurs engaged in the CMSME sector. The programme was conducted under the supervision of Bangladesh Bank, reflecting continued institutional emphasis on inclusive financial development. Held on Sunday, 19 April 2026, the workshop took place […]
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Ten Thousand Banking Professionals Dismissed Under Interim Administration 2 Ten Thousand Banking Professionals Dismissed Under Interim Administration

Ten Thousand Banking Professionals Dismissed Under Interim Administration

In a poignant address to the National Parliament on Monday, 20th April 2026, Mohammad Enamul Haque Enam, the Member of Parliament for the Chittagong-12 constituency, unveiled a staggering statistic regarding the regional labour market. He asserted that during the tenure of the current interim government, approximately 10,000 bank officials and staff members from the Chittagong […]
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Sri Lanka Targets Doubling Insurance Penetration by 2035 2 Sri Lanka Targets Doubling Insurance Penetration by 2035

Sri Lanka Targets Doubling Insurance Penetration by 2035

In a strategic pivot designed to fortify the nation’s financial resilience against climate-induced catastrophes, Sri Lanka has unveiled an ambitious national roadmap titled “Vision 2035”. Spearheaded by the Insurance Regulatory Commission of Sri Lanka (IRCSL) alongside key industry bodies, the initiative aims to double the country’s insurance penetration rate over the next decade. This decisive […]
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Global Volatility Fails to Dent Asian Energy Insurance Global Volatility Fails to Dent Asian Energy Insurance

Global Volatility Fails to Dent Asian Energy Insurance

The Asian energy insurance landscape is currently navigating a period of remarkable stability, maintaining a robust “buyer’s market” despite a backdrop of escalating geopolitical tensions and heightened global economic volatility. As we progress through the first half of 2026, the region continues to defy broader international trends, where rising loss ratios typically dictate steeper premiums. […]
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HSBC Launches API Trade Link HSBC Launches API Trade Link

HSBC Launches API Trade Link

In a significant move aimed at modernising and accelerating Bangladesh’s international trade infrastructure, HSBC Bangladesh is set to introduce the country’s first Application Programming Interface (API)-based connectivity service. The initiative is being implemented through a strategic partnership with M&J Group, one of the nation’s leading ready-made garment exporters. An official agreement was recently signed at […]
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Taka Remains Steady in Forex Market Taka Remains Steady in Forex Market

Taka Remains Steady in Forex Market

Bangladesh’s economic ties with the global marketplace continue to deepen, with foreign exchange movements playing a pivotal role in shaping trade, remittance flows, and overall macroeconomic stability. In a country where millions of expatriate workers contribute significantly through remittances, daily currency exchange rates have become a key reference point not only for businesses and financial […]
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