Category: South Asia

Bangladesh Seeks 2 Billion Energy Support Bangladesh Seeks $2 Billion Energy Support

Bangladesh Seeks $2 Billion Energy Support

The ongoing conflict in the Middle East has exacerbated volatility in global energy markets, prompting Bangladesh to urgently seek foreign assistance to stabilise both its fuel supply and broader economy. The government, led by Prime Minister Tarique Rahman, has reportedly devised plans to secure over $2 billion in international funding. Bangladesh relies heavily on imports […]
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Bank Owners Oppose New Shareholding Restrictions Bank Owners Oppose New Shareholding Restrictions

Bank Owners Oppose New Shareholding Restrictions

The Bangladesh Bank’s proposed amendments to the Bank Companies Act, which seek to limit shareholding by individuals, families, and institutions across multiple banks, have encountered strong resistance from bank owners and industry representatives. The central bank argues the changes are necessary to prevent conflicts of interest and curb excessive influence over banking decisions, citing recent […]
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Dhaka Faces Surge in Motorcycle Thefts Dhaka Faces Surge in Motorcycle Thefts

Dhaka Faces Surge in Motorcycle Thefts

Motorcycle theft in Dhaka has escalated alarmingly over the past thirteen months, yet gaps in police response and case management are compounding the problem. Victims frequently report that complaints are not always accepted at local police stations, and follow-up investigations often lack urgency. A recent incident during Ramadan illustrates this troubling trend. On a Friday, […]
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Prime Bank Unveils Mobile Platform Prime LenDen Prime Bank Unveils Mobile Platform “Prime LenDen”

Prime Bank Unveils Mobile Platform “Prime LenDen”

Prime Bank is making a significant entry into Bangladesh’s mobile financial services (MFS) sector with the launch of Prime LenDen, a new platform designed to rival established providers such as bKash, Rocket, and Nagad. The service has received formal approval from the Bangladesh Bank, underscoring the institution’s commitment to expanding its digital footprint. The platform […]
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Singapore Insurers Struggle to Balance Outsourcing and Data Singapore Insurers Struggle to Balance Outsourcing and Data

Singapore Insurers Struggle to Balance Outsourcing and Data

Insurers in Singapore are increasingly turning to external asset managers to enhance portfolio oversight and reporting, but this growing reliance is intensifying challenges around data management, integration, and control. A recent study by Clearwater Analytics Holdings, Inc. highlights the delicate balance insurers must strike between leveraging third-party expertise and maintaining authority over their expanding data […]
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Bangladesh Outlines Post Eid Tax Reform Strategy Bangladesh Outlines Post-Eid Tax Reform Strategy

Bangladesh Outlines Post-Eid Tax Reform Strategy

At a post-Eid felicitation event organised by the Rajbari District Council, Rashed Al Mahmud Titumir, Economic and Planning Advisor to the Prime Minister, unveiled a comprehensive strategy to curb tax evasion, eliminate fiscal waste, and strengthen domestic revenue mobilisation. He highlighted that during the authoritarian era, Bangladesh’s tax-to-GDP ratio was among the lowest in South […]
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