Category: Business

urgent call to increase adaptation investment as australia faces climate risks Urgent Call to Increase Adaptation Investment as Australia Faces Climate Risks

Urgent Call to Increase Adaptation Investment as Australia Faces Climate Risks

Australia is significantly lagging behind in the level of adaptation investment needed to manage the growing risks of natural disasters caused by climate change. A report by the Actuaries Institute highlights this concerning situation. According to the institute, if the investment gap continues, climate-related losses could more than double in the coming decades, severely destabilizing […]
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icb panel recommends six year extension for beximco green sukuk principal repayment ICB Panel Recommends Six-Year Extension for Beximco Green Sukuk Principal Repayment

ICB Panel Recommends Six-Year Extension for Beximco Green Sukuk Principal Repayment

A working committee mandated by Bangladesh Bank has recommended extending the maturity of Beximco Ltd’s landmark Shariah-compliant green Sukuk by six years, following the issuer’s notification that it cannot repay investors’ principal when the bond matures in December 2026. The 21-member committee, led by the Investment Corporation of Bangladesh (ICB) — the Sukuk trustee — […]
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bangladesh to amend insurance law under us condition state owned reinsurer fears sharp income decline Bangladesh to amend insurance law under US condition, state-owned reinsurer fears sharp income decline

Bangladesh to amend insurance law under US condition, state-owned reinsurer fears sharp income decline

The government of Bangladesh has moved to repeal the reinsurance-related clause in the Insurance Corporation Act, following conditions included in a non-disclosure agreement with the United States. If implemented, the reform is expected to significantly reduce the revenue of the state-owned Sadharan Bima Corporation (SBC), causing growing concern within the institution. Reinsurance allows an insurance […]
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prime bank strengthens its transparency efforts through release of sustainability and climate action reports Prime Bank strengthens its transparency efforts through release of sustainability and climate action reports

Prime Bank strengthens its transparency efforts through release of sustainability and climate action reports

Prime Bank PLC has published its Sustainability Report and Climate Action Report as part of its commitment to institutionalising sustainability and climate-aligned practices within the financial sector. The reports were formally unveiled at The Westin Dhaka by Chowdhury Liakat Ali, director of the Sustainable Finance Department at Bangladesh Bank, according to a press release. In […]
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rapid pass integration with bank cards advances promising easier digital ticketing for metro rail users Rapid Pass integration with bank cards advances, promising easier digital ticketing for metro rail users

Rapid Pass integration with bank cards advances, promising easier digital ticketing for metro rail users

The Dhaka Transport Coordination Authority (DTCA) is progressing with its plan to link debit and credit cards with the Rapid Pass system, aiming to make metro rail ticketing more convenient and technologically advanced. With this integration, passengers will be able to use their regular bank cards for metro access, reducing the need for separate transit […]
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paypal to launch in bangladesh soon to connect small entrepreneurs with global markets governor PayPal to launch in Bangladesh soon to connect small entrepreneurs with global markets: Governor

PayPal to launch in Bangladesh soon to connect small entrepreneurs with global markets: Governor

Bangladesh Bank Governor Dr Ahsan H. Mansur has announced that the globally recognised digital payment platform PayPal is preparing to begin operations in Bangladesh. This initiative is expected to significantly ease international transactions for small entrepreneurs, online businesses and freelancers. The governor shared the information while speaking as the chief guest at the Agro Award […]
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