Category: South Asia

Insurers Face Significant Hurdles in Assessing Cyber Risks

Insurers Face Significant Hurdles in Assessing Cyber Risks

A comprehensive industry survey conducted by GlobalData in the first quarter of 2026 has revealed that nearly one-third of insurers find the assessment of cyber risks to be their primary obstacle in providing coverage. The poll, which gathered responses from 109 industry participants across Verdict Media platforms, highlights the growing complexity of the digital threat […]
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Global Insurance Dynamics and the Outlook for Bangladesh

Global Insurance Dynamics and the Outlook for Bangladesh

In the contemporary global economy, the insurance sector has transitioned from a mere financial safety net into a fundamental pillar of employment, investment, and strategic risk management. The industry is currently experiencing a rapid ascent in global importance, propelled by the digitisation of financial systems, escalating healthcare demands, and the pervasive risks associated with climate […]
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DSCC Warning Waste Collectors Face Licence Cancellation

DSCC Warning: Waste Collectors Face Licence Cancellation

The Administrator of the Dhaka South City Corporation (DSCC), Md. Abdus Salam, has issued a stern warning to Primary Waste Collection Service Providers (PCSPs). He stated that any firm found overcharging residents or failing to dispose of waste regularly would face the immediate cancellation of their operating licences. This directive aims to bring transparency and […]
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PDB Proposes New Strategy to Increase Electricity Tariffs

PDB Proposes New Strategy to Increase Electricity Tariffs

The Bangladesh Power Development Board (PDB) has introduced a multifaceted strategy aimed at increasing revenue through both direct tariff hikes and the restructuring of residential billing slabs. In a formal proposal submitted to the Bangladesh Energy Regulatory Commission (BERC) on 4 May 2026, the PDB suggested significant changes to the current tiered pricing system. If […]
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Islami Bank Records Historical High of Tk94,322 Crore in Bad Loans

Islami Bank Records Historical High of Tk94,322 Crore in Bad Loans

The audited financial statements for the year 2025 have confirmed a state of severe financial exigency at Islami Bank Bangladesh PLC. The institution, formerly the premier private sector lender in Bangladesh, reported that its classified loans surged by 44%, reaching a total of Tk94,322 crore. This represents the most significant volume of defaulted debt ever […]
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Central Bank Simplifies Visa Security Deposit Remittances

Central Bank Simplifies Visa Security Deposit Remittances

The Bangladesh Bank has introduced a streamlined regulatory framework allowing commercial banks to facilitate the remittance of visa bonds and refundable security deposits. This directive serves to assist individual applicants who are required by foreign embassies, high commissions, and other competent authorities to provide financial guarantees during the visa adjudication process. Regulatory Context and Procedural […]
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Police Attacked During Operation Against Robbery Gang In Mohammadpur 2 Police Attacked During Operation Against Robbery Gang In Mohammadpur

Police Attacked During Operation Against Robbery Gang In Mohammadpur

A specialised team from the Dhanmondi Police Station came under violent assault on Monday, 11 May, while attempting to apprehend a suspected gang of muggers in the Mohammadpur area of Dhaka. The confrontation, which occurred in the early hours of the morning, escalated when the suspects launched an armed counter-attack against the officers. In the […]
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Lecturer Faced With Disciplinary Notice Over Social Media 2 Lecturer Faced With Disciplinary Notice Over Social Media

Lecturer Faced With Disciplinary Notice Over Social Media

The National Academy for Educational Management (NAEM) has issued a formal show-cause notice to a lecturer from Dhaka College following allegations of publishing offensive and controversial remarks on social media. The official, identified as Arif Mohammad Farhad, is a member of the BCS (General Education) Cadre and currently serves as a Lecturer in the Department […]
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