Category: World

Uninsured Climate Risks Threaten Asia-Pacific Economies

Uninsured Climate Risks Threaten Asia-Pacific Economies

Disproportionate Protection Gaps in Developing Countries The escalating volume of natural catastrophes worldwide is generating significant financial damage, yet a critical shortfall in insurance coverage leaves much of the world unprotected. According to data published by the Swiss Re Institute, approximately 88 per cent of all economic losses resulting from natural disasters in the Asia-Pacific […]
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Five Insolvent Financial Institutions Face Compulsory Liquidation

Five Insolvent Financial Institutions Face Compulsory Liquidation

Bangladesh Bank has resolved to initiate compulsory liquidation procedures against five deeply troubled non-banking financial institutions (NBFIs). This definitive regulatory action was approved on Tuesday during a board of directors meeting held at the central bank’s headquarters, under the chairmanship of Governor Mostakur Rahman. As an immediate first step, the central bank will dissolve the […]
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Southwest Monsoon Covers Half of Bangladesh Territory

Southwest Monsoon Covers Half of Bangladesh Territory

The seasonal southwest monsoon has advanced across approximately half of Bangladesh, introducing widespread rainfall across five administrative divisions. Despite this progression, the monsoon has yet to exhibit its typical full-strength pattern due to the prevailing influence of a western low-pressure system counteracting the moisture-laden winds. The Bangladesh Meteorological Department (BMD) has forecast continued precipitation on […]
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