Category: Business

Bank Directors Face Mandatory Anti-Corruption Declarations

Bank Directors Face Mandatory Anti-Corruption Declarations

In a significant regulatory intervention aimed at reinforcing integrity across the financial system, the Bangladesh Financial Intelligence Unit (BFIU) has ordered senior officials of all scheduled banks to sign formal declarations pledging zero tolerance for corruption and money laundering. The directive, issued through a recent internal circular, reflects an intensified effort by authorities to address […]
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AIA Singapore and INSEAD Launch Executive Leadership Programme 1 AIA Singapore and INSEAD Launch Executive Leadership Programme

AIA Singapore and INSEAD Launch Executive Leadership Programme

AIA Singapore has officially announced a strategic partnership with INSEAD, the world-renowned business school, to inaugurate the AIA-INSEAD Executive Agency Leadership Programme. This initiative is specifically designed to cultivate and strengthen the leadership pipeline within AIA Singapore and AIA Financial Advisers, targeting high-potential agency leaders across the city-state’s advisory teams. The programme, co-designed by academic […]
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Thai Insurers Pivot Towards Embedded Digital Distribution Thai Insurers Pivot Towards Embedded Digital Distribution

Thai Insurers Pivot Towards Embedded Digital Distribution

Thailand’s non-life insurance sector is currently navigating a significant shift in consumer behaviour, as a burgeoning demographic of younger, digitally native customers increasingly bypasses traditional brokerage and bancassurance models. This transition presents a distribution challenge that, if unaddressed, could stifle industry growth. However, according to industry leaders, the rise of “embedded insurance” offers a viable […]
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Policy Relaxation for Bank Employee Incentive Bonuses Policy Relaxation for Bank Employee Incentive Bonuses

Policy Relaxation for Bank Employee Incentive Bonuses

The Bangladesh Bank, acting as the nation’s central monetary authority, has formally announced a relaxation of the stringent regulations governing the disbursement of incentive bonuses to banking officials and employees. Under the revised guidelines, scheduled commercial banks are now permitted to provide incentive bonuses to their staff based on operating profit, even in instances where […]
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Central Bank Issues Advisory on High Value Banknotes for Eid ul Adha Central Bank Issues Advisory on High-Value Banknotes for Eid-ul-Adha

Central Bank Issues Advisory on High-Value Banknotes for Eid-ul-Adha

Bangladesh Bank, the nation’s central monetary authority, has issued a formal advisory urging the public to exercise heightened vigilance when handling high-value currency notes during the forthcoming Eid-ul-Adha period. The directive specifically highlights the increased risk of counterfeit banknote circulation at cattle markets (Qurbani Haats), where substantial cash transactions traditionally take place. According to the […]
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Central Bank Warns on High Value Notes Central Bank Warns on High-Value Notes

Central Bank Warns on High-Value Notes

The Bangladesh Bank has issued a public advisory urging heightened vigilance in the use of high-denomination currency notes ahead of the forthcoming Eid al-Adha. The warning focuses particularly on Tk 500 and Tk 1,000 notes, which are widely used during the seasonal surge in livestock trading associated with sacrificial markets. Each year, the approach of […]
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Currency Rates in Bangladesh Updated Currency Rates in Bangladesh Updated

Currency Rates in Bangladesh Updated

Bangladesh’s foreign exchange market continues to reflect the country’s expanding global trade ties and the steady inflow of remittances from millions of expatriate workers. These remittances remain a crucial pillar of the national economy, helping to stabilise foreign currency reserves and support domestic consumption. In this context, access to up-to-date exchange rates is essential for […]
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AIUB and Protective Life Insurance Enter Group Insurance Agreement

AIUB and Protective Life Insurance Enter Group Insurance Agreement

The American International University-Bangladesh (AIUB) has signed a group insurance agreement with the Protective Islami Life Insurance, establishing a formal arrangement intended to provide insurance-linked benefits to members of the university community. The agreement creates a structured mechanism through which selected healthcare and insurance services will be made available to eligible individuals associated with the […]
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Nepal Everest Insurance Fraud Uncovered

Nepal Everest Insurance Fraud Uncovered

A large-scale insurance fraud scheme has been uncovered in Nepal’s Everest trekking region, involving alleged manipulation of emergency evacuations and medical billing for foreign tourists. Reports cited from international media, including The New York Times, state that the operation has resulted in estimated losses of around USD 20 million, equivalent to approximately BDT 220 crore, […]
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