Category: Business

Mahindra and Manulife form life insurance joint venture Mahindra and Manulife form life insurance joint venture

Mahindra and Manulife form life insurance joint venture

Mahindra Manulife Insurance Limited (MMIL) has been officially incorporated following the receipt of regulatory approval from India’s Ministry of Corporate Affairs. The establishment of the corporate entity marks the formalisation of a strategic life insurance joint venture between the Mahindra Group, one of India’s largest multinational conglomerates, and Manulife, a leading international financial services provider. […]
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Foreign Exchange Rates Fluctuate Foreign Exchange Rates Fluctuate

Foreign Exchange Rates Fluctuate

Foreign exchange rates continue to fluctuate daily, shaped by shifting global economic conditions, expanding international trade, and the rising inflow of remittances from expatriate workers. In Bangladesh, remittance inflows play a particularly vital role in supporting the economy, directly influencing the supply and demand dynamics of foreign currencies. At the same time, growing import and […]
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Islami Bank MD Resignation Approved Islami Bank MD Resignation Approved

Islami Bank MD Resignation Approved

The Board of Directors of Islami Bank Bangladesh PLC convened a late-night meeting on Monday (1 June), formally accepting the resignation of its Managing Director amid escalating tensions surrounding recent leadership changes. The meeting, held at approximately 10:30 pm, was chaired by the newly appointed Chairman Khurshid Alam. Due to the prevailing security concerns and […]
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Insurance Sector Resumes Business Activities Following Eid Break

Insurance Sector Resumes Business Activities Following Eid Break

Normal business operations within the insurance sector of Bangladesh officially resumed on Monday, 1 June 2026, following a consecutive seven-day holiday observed for Eid-ul-Azha. State-owned and private insurance firms experienced a return to regular operational capacity, with employees returning to their offices nationwide. Corporate and administrative teams focused on clearing backlogged files and accelerating the […]
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Protests Force Islami Bank Board Session Online

Protests Force Islami Bank Board Session Online

A pivotal board meeting of Islami Bank Bangladesh PLC was completed via a virtual platform on Monday evening after disruptive daytime protests outside its Dilkusha headquarters prevented an in-person assembly. The online session was led by the bank’s newly appointed Chairman, Md. Khurshid Alam, according to internal sources. The meeting had originally been scheduled to […]
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New Asia Group Selects Dhaka Bank For Payroll New Asia Group Selects Dhaka Bank For Payroll

New Asia Group Selects Dhaka Bank For Payroll

Dhaka Bank PLC has entered into a strategic corporate partnership by signing a Payroll Banking Agreement with New Asia Group. The contract covers the workforce of the group’s major corporate entities, namely Malek Spinning Mills PLC, Salek Textile Limited, and Denim Asia Limited. According to an official media release, the signing ceremony and formal exchange […]
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Remittance Inflow Surges In May Ahead Of Eid Remittance Inflow Surges In May Ahead Of Eid

Remittance Inflow Surges In May Ahead Of Eid

The remittance inflow into Bangladesh experienced a substantial increase during the month of May, driven primarily by the upcoming celebration of the holy festival, Eid-ul-Adha. Non-resident Bangladeshis channelled a total of $3.425 billion (approximately 3,425,030,000 US dollars) into the country through formal banking networks during this thirty-one-day period. Comparative Data Analysis and Monetary Value According […]
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Strategic Shift Required To Close Asian Retirement Gap Strategic Shift Required To Close Asian Retirement Gap

Strategic Shift Required To Close Asian Retirement Gap

Financial institutions across Asia are facing a significant challenge: translating widespread consumer anxiety intoc oncrete retirement planning. Despite a heightening awareness of longevity risks and the rising cost of living, a substantial proportion of the population in major hubs like Hong Kong and Singapore remains under-prepared for their post-career years. The Financial Confidence Deficit in […]
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