Category: State

Bangladesh Foreign Exchange Reserves Rise to 34 Billion Bangladesh Foreign Exchange Reserves Rise to $34 Billion

Bangladesh Foreign Exchange Reserves Rise to $34 Billion

The foreign exchange reserves of Bangladesh have climbed to approximately US$34.43 billion, reflecting a modest yet stable position in the country’s external financial standing, according to the latest data released by Bangladesh Bank. The update was confirmed on Monday (6 April) by Arif Hossain Khan, Executive Director and spokesperson of the central bank. He stated […]
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Bangladesh Advances Strategy Towards Trillion Dollar Economic Vision Bangladesh Advances Strategy Towards Trillion-Dollar Economic Vision

Bangladesh Advances Strategy Towards Trillion-Dollar Economic Vision

The Government of Bangladesh has unveiled an ambitious and forward-looking strategy to transform the national economy into a trillion-dollar powerhouse by 2034. The announcement, made by Finance Minister Amir Khasru Mahmud Chowdhury, signals a decisive shift towards long-term, inclusive growth designed to enhance economic resilience, generate employment, and raise the overall standard of living. Drawing […]
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AI Data Centres Outstrip Insurance Capacity Rapidly AI Data Centres Outstrip Insurance Capacity Rapidly

AI Data Centres Outstrip Insurance Capacity Rapidly

The rapid expansion of artificial intelligence (AI)-driven data centres is creating a profound challenge for the global insurance and reinsurance industry, as the scale, complexity, and cost of these facilities increasingly outpace available coverage capacity. A recent report by Swiss Re highlights how multi-billion-dollar projects are stretching traditional underwriting models and exposing structural gaps in […]
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Asia Pacific Insurers Turn to MA for Growth Asia-Pacific Insurers Turn to M&A for Growth

Asia-Pacific Insurers Turn to M&A for Growth

Mergers and acquisitions (M&A) are increasingly being viewed as a strategic remedy for slowing growth across the Asia-Pacific insurance sector, as firms grapple with mounting operational pressures, regulatory complexity, and intensifying competition. Industry leaders now see consolidation not merely as an option, but as an imperative to sustain profitability and enhance resilience in a rapidly […]
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Bangladesh Foreign Exchange Rates Update 2 Bangladesh Foreign Exchange Rates Update

Bangladesh Foreign Exchange Rates Update

Bangladesh’s international trade and remittance flows continue to expand in step with the global economy, making daily foreign exchange rates increasingly significant for businesses, importers, exporters, and millions of overseas workers. As cross-border transactions intensify, even minor fluctuations in currency values can have a notable impact on pricing, remittance inflows, and broader macroeconomic planning. On […]
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Business Leaders Push Rate Cuts Business Leaders Push Rate Cuts

Business Leaders Push Rate Cuts

Business leaders in Bangladesh have urged the central bank governor to reduce interest rates and significantly expand the Export Development Fund (EDF), among a broader set of policy proposals aimed at strengthening investment and industrial competitiveness. The delegation met the Governor of the Bangladesh Bank, Mostakur Rahman, on Monday at the central bank headquarters, where […]
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SBC Requires 30% Payment for Reinsurance Renewal

SBC Requires 30% Payment for Reinsurance Renewal

The General Insurance Corporation (SBC) has imposed a new condition for private non-life insurers wishing to renew their reinsurance agreements, requiring the settlement of 30% of any outstanding reinsurance premiums before contracts can be finalised. This move comes amid economic and liquidity challenges affecting many insurers across the country. Legal Context of Reinsurance Bangladesh’s insurance […]
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Delivery Riders’ Insurance Coverage Present, Effectiveness Limited

Delivery Riders’ Insurance: Coverage Present, Effectiveness Limited

The surge in e-commerce and ride-sharing services across Bangladesh has driven a sharp increase in the number of delivery riders navigating busy city streets. Despite the existence of insurance schemes offered by major platforms, questions remain over how effectively these policies protect riders in real-world scenarios. Platform Insurance Programmes Leading delivery and ride-sharing platforms provide […]
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Private Credit Growth Slumps to Historic Low

Private Credit Growth Slumps to Historic Low

Bangladesh’s private sector credit growth fell to a record low of 6.03 per cent in February, highlighting the continued strain on lending amid political uncertainty and persistently high interest rates. Experts warn that, with the ongoing Iran war creating additional geopolitical risk, a near-term recovery in credit growth is unlikely. Data from Bangladesh Bank shows […]
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