Category: Business

Modhumoti Bank Signs Strategic Advisory Pact

February 25, 2026

Modhumoti Bank PLC, one of the country’s established private commercial banks, has entered into a significant strategic advisory agreement aimed at institutional transformation and expansion within the cottage, micro, small and medium enterprise segment. The agreement was signed with RSA Advisory Limited at the bank’s head office in Gulshan, Dhaka, on Sunday. The formal signing […]

Bangladesh Foreign Exchange Reserves Surge Past $35 Billion

February 25, 2026

In a significant milestone for the nation’s recovering economy, Bangladesh’s gross foreign exchange reserves have once again breached the $35 billion threshold. According to the latest data released by the central bank, Bangladesh Bank, the reserves stood at $35.04 billion at the close of business on Tuesday. This resurgence mirrors a similar peak achieved in […]

Non-Life Insurers Mandate ‘Zero Commission’ Pledges for Managers

February 25, 2026

In a decisive move to sanitise the domestic insurance sector, the Bangladesh Insurance Association (BIA) has issued a formal directive to all non-life insurance companies, mandating that every branch manager sign a binding “letter of commitment.” This initiative is designed to rigorously enforce the “Zero Commission Policy” recently instituted by the Insurance Development and Regulatory […]

Sheikh Kabir Hossain, Insurance Pioneer, Dies Aged 84

February 24, 2026

Sheikh Kabir Hossain, a towering figure in Bangladesh’s insurance sector and former President of the Bangladesh Insurance Association (BIA), passed away on 14 February at the age of 84. He had been receiving treatment at a private hospital in Dhaka and had long battled age-related health complications. Born in 1942, Mr Hossain was a first […]

MiLogin Outage Disrupts Michigan Unemployment Services

February 24, 2026

MICHIGAN, USA — Residents and employers across Michigan are encountering significant disruptions in accessing the state’s unemployment insurance services due to an ongoing outage of MiLogin, the State of Michigan’s universal secure login portal. The interruptions, which began earlier today, have left many users unable to access essential unemployment benefits and employer reporting tools. The […]

Bangladesh Bank Eases Support for Troubled Borrowers

February 24, 2026

In a bid to help businesses struggling under financial distress, Bangladesh Bank has authorised flexibility in the implementation of its policy support scheme, including easing down payment requirements and extending implementation deadlines. The move was outlined in a circular issued last Sunday, following requests from various banks and stakeholders seeking greater leniency in applying the […]

Significant Investment Essential for Nagad’s Sustainability

February 24, 2026

Bangladesh Bank has emphasised that while the current operations of the mobile financial service (MFS) provider Nagad have shown improvement, substantial investment—either domestic or foreign—is crucial to ensure its long-term sustainability. The central bank noted that any such investment would be welcomed positively. Speaking at a briefing at the Bangladesh Bank headquarters on Tuesday, 24 […]

Tokyo Marine Strengthens Singapore Strategy

February 24, 2026

Global credit rating agency S&P Global Ratings has recently completed a comprehensive reassessment of Tokyo Marine Insurance Singapore Limited (TMIS), highlighting the company’s robust market position and financial resilience. The report emphasised that TMIS’s disciplined underwriting policies and prudent capital management provide a solid foundation for sustainable long-term growth. According to the S&P assessment, TMIS […]

Hong Kong Drives Insurance Innovation in Low-Altitude Economy

February 24, 2026

The Hong Kong Insurance Authority (HKIA) is actively promoting the engagement of the city’s insurance sector in the rapidly expanding low-altitude economy. The widespread adoption of drones and other small unmanned aerial vehicles (UAVs) has introduced new operational risks, creating an urgent need for specialised insurance solutions. To address these challenges, the HKIA is working […]

Bank Asia’s Strategic Loan Recovery Model

February 24, 2026

Following recent political shifts in Bangladesh, the national economy entered a period of instability, resulting in a marked slowdown in loan recovery across the banking sector. Private banks, in particular, faced significant challenges in recovering debts from large and influential borrowers after the fall of the Awami League government. During this period, many major debtors […]

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Category: Business

Modhumoti Bank Signs Strategic Advisory Pact

Bangladesh Foreign Exchange Reserves Surge Past $35 Billion

Non-Life Insurers Mandate ‘Zero Commission’ Pledges for Managers

Sheikh Kabir Hossain, Insurance Pioneer, Dies Aged 84

MiLogin Outage Disrupts Michigan Unemployment Services

Bangladesh Bank Eases Support for Troubled Borrowers

Significant Investment Essential for Nagad’s Sustainability

Tokyo Marine Strengthens Singapore Strategy

Hong Kong Drives Insurance Innovation in Low-Altitude Economy

Bank Asia’s Strategic Loan Recovery Model

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Bangladeshi Taka Foreign Exchange Rates Experience Steady Demand Across Global Currencies

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