The insurance industry in the Asia-Pacific region is projected to continue steady growth through 2026, according to international rating agency Fitch Ratings. In its most recent review, the agency reported that around 92 per cent of rated insurers in the region retain a ‘stable outlook’. This is indicative of the sector’s strong capital positions, robust […]

On Tuesday, in New Delhi, India, the 20th session of the Intergovernmental Committee under the 2003 UNESCO Convention for the Safeguarding of Intangible Cultural Heritage officially recognised the Tangail saree weaving industry. This marks Bangladesh’s sixth individual inscription under the Convention and the second registration since Bangladesh was elected as a member of the Committee […]

Bangladesh’s banking sector is currently experiencing two strikingly contradictory developments. On one hand, the number of millionaire account holders is steadily increasing. On the other hand, the total amount of money deposited in these millionaire accounts has fallen sharply over the last three months. Experts argue that although the rising number of millionaire accounts may […]

The Ernakulam district consumer disputes redressal commission has held that denying reimbursement for treatment taken after a road accident on the grounds of non-emergency constitutes unfair trade practice and deficiency in service. The ruling followed a complaint by K M Muhiyudheen of Pallari Mangalam, Ernakulam, against Oriental Insurance Company and Medisep. The complainant was seriously […]

The long-standing practice of masking defaulted loans through policy support has effectively ended following the change of government, exposing the true scale of financial stress within Bangladesh’s banking sector. With this protective layer removed, the volume of classified loans has surged into full view, pushing the total value of defaulted loans close to Tk 650,000 […]

The number of bank accounts with deposits of Tk 10 million or more in Bangladesh is steadily increasing, reflecting widening economic inequality and imbalanced income distribution. A recent report published by Bangladesh Bank shows that banks currently hold more than 128,000 accounts with deposits of at least Tk 10 million. Economists point out that as […]