Category: Business

alarming rise in indonesian life insurance fraud Alarming Rise in Indonesian Life Insurance Fraud

Alarming Rise in Indonesian Life Insurance Fraud

Indonesia is witnessing a concerning surge in life insurance fraud, prompting heightened vigilance from regulators and industry experts alike. According to the country’s financial supervisory authority, the Financial Services Authority (OJK), these incidents are not isolated but often orchestrated by organised networks that systematically exploit the insurance system. Such fraudulent activities have inflicted both financial […]
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rupali bank slashes defaults sets records Rupali Bank Slashes Defaults, Sets Records

Rupali Bank Slashes Defaults, Sets Records

At a time when Bangladesh’s banking sector is grappling with persistent headwinds—including a prolonged global economic slowdown, foreign currency shortages, liquidity stress and a steady rise in non-performing loans (NPLs)—state-owned Rupali Bank Limited has emerged as a notable exception. Through a combination of stringent financial discipline, enhanced accountability, and technology-driven decision-making, the bank delivered a […]
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ai revolution transforms global insurance sector AI Revolution Transforms Global Insurance Sector

AI Revolution Transforms Global Insurance Sector

Last week witnessed a wave of significant developments across the global insurance industry, where rapid technological innovation, slowing premium growth, and high-profile corporate activities converged to reshape market dynamics. These factors are increasingly influencing investor sentiment and compelling insurers to rethink strategic priorities. According to a recent report by Business Research Company, the market for […]
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bangladeshi commercial banks favour safe short term investments Bangladeshi Commercial Banks Favour Safe Short-Term Investments

Bangladeshi Commercial Banks Favour Safe Short-Term Investments

Bangladesh’s leading commercial banks are increasingly directing their surplus funds towards the low-yield Standing Deposit Facility (SDF), despite the interbank lending market offering comparatively higher returns. Economic analysts attribute this trend to a decline in demand for short-term treasury bills and a cautious stance by banks regarding long-term, higher-risk investments. Market observers note that banks […]
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bank of america ceo us economy heading towards 28 growth Bank of America CEO U.S. economy heading towards 2.8% growth

Bank of America CEO U.S. economy heading towards 2.8% growth

Bank of America’s Chief Executive Officer, Brian Moynihan, has projected that the United States economy is poised to expand by 2.8% in 2026, surpassing prevailing market expectations. This bullish outlook is anchored by resilient consumer spending and robust investment in artificial intelligence (AI) infrastructure, which Moynihan identifies as key drivers of growth. Furthermore, he anticipates […]
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community bank and sandhani life sign bank assurance agreement Community Bank and Sandhani Life Sign Bank Assurance Agreement

Community Bank and Sandhani Life Sign Bank Assurance Agreement

In a landmark development aimed at expanding access to insurance services nationwide, Community Bank Bangladesh PLC and Sandhani Life Insurance Company Limited have formally entered into a bancassurance partnership. The agreement is designed to make Sandhani Life’s insurance products accessible through Community Bank’s extensive distribution network, providing customers with a seamless blend of banking and […]
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premier bank to recruit staff age limit 55 Premier Bank to Recruit Staff, Age Limit 55

Premier Bank to Recruit Staff, Age Limit 55

Premier Bank PLC, one of Bangladesh’s leading financial institutions, has announced a prestigious career opportunity for the position of Chief Human Resources Officer (EVP to DMD). This high-level role is open to candidates with extensive experience in human resources and leadership, and the bank is encouraging applications even from those up to 55 years of […]
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eight charged with fake accident insurance fraud Eight charged with fake accident insurance fraud.

Eight charged with fake accident insurance fraud.

A gang of alleged insurance fraudsters has been referred to prosecution for deliberately staging traffic accidents with high-end imported vehicles that had undergone temporary repairs. The Daejeon Metropolitan Police Agency announced on Thursday that eight individuals, including the alleged ringleader, had been referred to the prosecution without detention under the Special Act on the Prevention […]
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