A legal notice has been served demanding the cancellation of the Insurance Business Registration Fee (Amendment) Regulations, 2024, which introduced a substantial increase in the renewal fees applicable to insurance companies. The notice also calls for an immediate suspension of the revised fee collection process. The notice was issued in the public interest on Monday […]

Sonali Life Insurance Company Limited has successfully organised a specialised professional development programme titled “Career Guide Special Training” at the Khulna Shilpakala Academy. The training session was held recently with the participation of branch managers from the Khulna division, as part of the company’s ongoing efforts to strengthen workforce capability, improve career planning awareness, and […]

A memorandum of understanding has been signed between Chartered Life Insurance PLC and HMCL Niloy Bangladesh Limited, under which buyers of Hero motorcycles in Bangladesh will receive built-in insurance protection as part of their purchase package. The agreement was formalised at a recent signing ceremony. Vijay Kumar Mondal, FCA, Chief Financial Officer and Company Secretary […]

Textile exporters in Bangladesh are facing prolonged financial strain as a significant volume of overdue payments remains unsettled against local back-to-back letters of credit (LCs), with liabilities estimated at around Tk3,000 crore to Tk4,000 crore accumulated over the past five years. Industry stakeholders and bankers report that more than a dozen financially distressed commercial banks […]