Category: Business

Sonali Life Partners With Evercare Hospital to Expand Health Services

Sonali Life Partners With Evercare Hospital to Expand Health Services

Sonali Life Insurance PLC has formalised a strategic alliance with STS Holdings Limited, the parent entity operating Evercare Hospital Dhaka, to broaden the healthcare options available to its clientele. The signing of a new Memorandum of Understanding (MoU) establishes a cooperative framework intended to deliver priority medical care to Sonali Life’s policyholders, staff members, and […]
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Surplus Cash in Bangladeshi Banks Drives Short-Term Sovereign Rates Down

Surplus Cash in Bangladeshi Banks Drives Short-Term Sovereign Rates Down

Yields on Bangladeshi government treasury bills have undergone a notable retrenchment, dropping by 21 to 25 basis points within a week as commercial banks grapple with an influx of unallocated liquidity alongside subdued demand for private-sector credit. Official statistics released by Bangladesh Bank on 16 August demonstrate that the yield on 91-day treasury bills plunged […]
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Sammilito Islami Bank Launches Recovery War-Room to Drive Asset Retrieval

Sammilito Islami Bank Launches Recovery War-Room to Drive Asset Retrieval

In an assertive step towards restoring balance sheet health and protecting public funds, Sammilito Islami Bank PLC has officially inaugurated a specialised ‘Collection & Recovery War-Room’. The new operational unit has been established to centralise command, accelerate asset retrieval, and streamline recovery procedures for non-performing and overdue investments across the country. The inauguration ceremony took […]
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Global Reinsurers Outperform Capital Costs for Third Consecutive Year Global Reinsurers Outperform Capital Costs for Third Consecutive Year

Global Reinsurers Outperform Capital Costs for Third Consecutive Year

Global reinsurers achieved financial returns significantly above their cost of capital in 2025, recording a third consecutive year of robust market outperformance. According to a new study published by credit rating agency AM Best, disciplined portfolio repricing and strategic de-risking measures across primary underwriting segments served as the primary drivers of this sustained profitability. The […]
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Bangladesh Taka Exchange Rates Against Major Currencies 1 Bangladesh Taka Exchange Rates Against Major Currencies

Bangladesh Taka Exchange Rates Against Major Currencies

International trade, remittances and cross-border financial transactions continue to make foreign exchange rates an important part of Bangladesh’s economic landscape. As businesses import goods, export products and settle international payments, movements in the value of the taka against major global currencies can directly affect transaction costs and financial planning. According to the exchange rates provided […]
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Rural Savers Surge as Bangladesh Agent Banking Deposits Reach New Height

Rural Savers Surge as Bangladesh Agent Banking Deposits Reach New Height

Agent banking has evolved from an experimental outreach initiative into a central pillar of financial inclusion across rural Bangladesh. By taking formal banking services beyond traditional brick-and-mortar branches, the model is successfully drawing millions of previously unbanked citizens into the formal financial fold, with rural households demonstrating a remarkably high propensity to save. According to […]
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