Category: State

Bangladesh Plans Major Bank Overhaul Bangladesh Plans Major Bank Overhaul

Bangladesh Plans Major Bank Overhaul

A sweeping structural overhaul is being signalled in Bangladesh’s banking sector, with policymakers moving to reconstitute the boards of directors of 22 banks across both the state-owned and private segments. The initiative is aimed at strengthening governance, transparency, accountability, and operational efficiency in the aftermath of recent political transitions, according to officials familiar with the […]
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Sealed Banknotes Return to Market Old Banknotes Return to Circulation

Old Banknotes Return to Circulation

Previously sealed banknotes bearing the portrait of Sheikh Mujibur Rahman have begun re-entering active circulation in Bangladesh, signalling a pragmatic recalibration of monetary management under the country’s interim administration led by Muhammad Yunus. The development follows months of restriction during which older currency designs were withdrawn from routine circulation and progressively replaced with newly issued […]
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JPMorgan Expands Middle East Private Banking JPMorgan Expands Middle East Private Banking

JPMorgan Expands Middle East Private Banking

JPMorgan Chase has further strengthened its Middle East operations with the appointment of experienced wealth manager Rony Chaker, signalling a continued push to capture a larger share of the region’s rapidly growing ultra-high-net-worth (UHNW) client segment. Mr Chaker joins from Barclays Private Bank, where he built an extensive career spanning nearly two decades. Based in […]
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LIRG Supports Innovative Cyber Risk Cover LIRG Supports Innovative Cyber Risk Cover

LIRG Supports Innovative Cyber Risk Cover

Algorithmic Insurance Services, operating under the name LIRG, has unveiled a $15 million quota-share reinsurance facility to support a pioneering cyber warranty programme developed by New York-based managing general agent DLT Alert. The arrangement signals a growing shift within the insurance market towards faster, data-driven solutions capable of addressing modern cyber threats, particularly those arising […]
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Singlife Bolsters Board with Veteran Regulator Singlife Bolsters Board with Veteran Regulator

Singlife Bolsters Board with Veteran Regulator

Singapore Life Holdings Pte. Ltd. and its subsidiary, Singapore Life Ltd., have strengthened their governance framework with the appointment of Leo Mun Wai as an Independent Non-Executive Director across both boards, a move widely viewed as reinforcing oversight capabilities amid a more demanding regulatory climate. Mr Wai, an accomplished figure in financial regulation, brings more […]
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CFOs Reshape Insurance Leadership CFOs Reshape Insurance Leadership

CFOs Reshape Insurance Leadership

In 2026, the role of chief financial officers (CFOs) within Australia’s insurance sector is expected to undergo a profound transformation, driven by persistent global economic uncertainty, evolving customer expectations, rapid technological advancement and increasingly stringent regulatory requirements. Insurance organisations are navigating a period of structural change, and CFOs are emerging as central figures in steering […]
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Bangladesh Currency Rates Update Bangladesh Currency Rates Update

Bangladesh Currency Rates Update

Bangladesh’s economy is becoming increasingly integrated with the global trading system, with foreign exchange movements playing a decisive role across multiple sectors including exports, imports, remittance inflows and international investment. As a result, daily monitoring of exchange rates has become essential for banks, businesses, importers, exporters and citizens travelling abroad. On 26 March 2026, the […]
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Gold Market Faces Deep Uncertainty Gold Market Faces Deep Uncertainty

Gold Market Faces Deep Uncertainty

Geopolitical tensions across the Middle East have injected significant volatility into the global gold market, unsettling investors and challenging long-held assumptions about gold’s role as a safe-haven asset. Although gold traditionally benefits during periods of conflict and uncertainty, recent trading patterns have shown an unexpected divergence, with prices coming under sustained downward pressure. Analysts note […]
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Bangladesh’s Foreign Debt Hits $113.5 Billion

Bangladesh’s Foreign Debt Hits $113.5 Billion

By December 2025, Bangladesh’s total foreign debt had risen to $113.51 billion, equivalent to 13,96,173 crore Bangladeshi taka. This represents an increase from $112.21 billion recorded in September 2025, although it is slightly lower than the $113.58 billion noted at the end of June 2025. Analysts point out that while foreign debt has marginally declined […]
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