Category: Business

al arafah islami bank simax forge agricultural partnership Al-Arafah Islami Bank, SIMAX Forge Agricultural Partnership

Al-Arafah Islami Bank, SIMAX Forge Agricultural Partnership

Bangladesh’s leading Shariah-compliant financial institution, Al-Arafah Islami Bank PLC, has entered into a strategic partnership with SIMAX Limited, marking a significant step towards advancing the nation’s agricultural and rural development sectors. The initiative was formalised through the signing of a Memorandum of Understanding (MoU), signalling a collaborative framework to support farmers across the country. According […]
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hong kong implements key insurance capital reforms Hong Kong Implements Key Insurance Capital Reforms

Hong Kong Implements Key Insurance Capital Reforms

The Hong Kong Insurance Authority (IA) has announced a series of significant proposed reforms to the capital framework for insurance firms, aimed at aligning regulatory requirements with current market realities. The reforms are designed to reduce capital demands for certain institutions while modernising investment, business mix, and risk management practices. According to Fitch Ratings, the […]
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prime bank empowers youth at gau seminar Prime Bank Empowers Youth at GAU Seminar

Prime Bank Empowers Youth at GAU Seminar

Prime Bank PLC recently hosted a seminar titled “Youth Empowerment” at Gazipur Agricultural University (GAU), aiming to foster financial literacy, leadership skills, and professional competence among students. Organised in collaboration with GAU and the GAU Career Club, the event formed part of the bank’s educational initiative under PrimeAcademia, which bridges academic knowledge with practical financial […]
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rupali insurance outlines 2026 strategic priorities Rupali Insurance Outlines 2026 Strategic Priorities

Rupali Insurance Outlines 2026 Strategic Priorities

Rupali Insurance Company Limited, one of Bangladesh’s leading private insurers, recently convened its 2026 Annual Strategic Conference at the Imperial Convention Centre in Dhaka. The event brought together the company’s board of directors, branch managers, regional heads, and field officers to review the 2025 performance and define strategic priorities for 2026, with a particular focus […]
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uttara bank opens 50th sub branch Uttara Bank Opens 50th Sub-Branch

Uttara Bank Opens 50th Sub-Branch

Uttara Bank PLC has reached a significant institutional milestone with the inauguration of its 50th sub-branch, further consolidating its footprint in Bangladesh’s evolving banking landscape. The newly opened outlet is located in Shamshernagar under Kamalganj upazila of Moulvibazar district, within the Sylhet division—an area noted for its tea-based economy and strong remittance inflows. The formal […]
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philippines oecd recommends mandatory home insurance for businesses Philippines: OECD Recommends Mandatory Home Insurance for Businesses

Philippines: OECD Recommends Mandatory Home Insurance for Businesses

The Philippines is being urged to reform its insurance sector by mandating home coverage and incentivising disaster-resilient construction, according to a new report by the Organisation for Economic Co-operation and Development (OECD). The Paris-based body warned that the country faces a “massive” protection gap as one of the world’s most climate-disaster vulnerable nations. The OECD’s […]
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economy faces heavy pressure from debt interest repayments "Economy faces heavy pressure from debt interest repayments"

“Economy faces heavy pressure from debt interest repayments”

Bangladesh’s economy is facing mounting pressure as the cost of servicing large domestic and foreign debts continues to rise, slowing overall growth. Efforts to control inflation have coincided with low-quality tax collection, high levels of non-performing loans, persistent price pressures, and structural weaknesses in governance, all of which are undermining household incomes. The combination of […]
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thai regulator slashes backup times by 90 Thai Regulator Slashes Backup Times by 90%

Thai Regulator Slashes Backup Times by 90%

The Office of Insurance Commission (OIC) of Thailand has announced a landmark modernisation of its digital infrastructure, achieving a staggering 90% reduction in database backup durations. By migrating from restrictive legacy systems to a high-performance data platform powered by NetApp, the regulator has effectively transformed processes that previously took hours into streamlined operations completed in […]
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todays currency rates 16 february 2026 Today’s Currency Rates: 16 February 2026

Today’s Currency Rates: 16 February 2026

Bangladesh’s economic engagement with the global market continues to grow, bolstered by trade and financial exchanges with countries across the world. A significant portion of the nation’s population resides overseas, and the remittances they send back play a crucial role in keeping the domestic economy vibrant. To facilitate transactions for expatriates and local businesses alike, […]
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