Category: Business

SBAC Bank Trains Women Entrepreneurs

SBAC Bank Trains Women Entrepreneurs

SBAC Bank PLC has conducted a day-long workshop on financial management to enhance the capacity of women entrepreneurs in the CMSME sector, under the supervision of Bangladesh Bank. The initiative aligns with ongoing efforts to strengthen financial inclusion and promote sustainable growth among small and medium enterprises led by women. The workshop was held on […]
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Ten Thousand Banking Professionals Dismissed Under Interim Administration Ten Thousand Banking Professionals Dismissed Under Interim Administration

Ten Thousand Banking Professionals Dismissed Under Interim Administration

In a poignant address to the National Parliament on Monday, 20th April 2026, Mohammad Enamul Haque Enam, the Member of Parliament for the Chittagong-12 constituency, unveiled a staggering statistic regarding the regional labour market. He asserted that during the tenure of the current interim government, approximately 10,000 bank officials and staff members from the Chittagong […]
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Sri Lanka Targets Doubling Insurance Penetration by 2035 Sri Lanka Targets Doubling Insurance Penetration by 2035

Sri Lanka Targets Doubling Insurance Penetration by 2035

In a strategic pivot designed to fortify the nation’s financial resilience against climate-induced catastrophes, Sri Lanka has unveiled an ambitious national roadmap titled “Vision 2035”. Spearheaded by the Insurance Regulatory Commission of Sri Lanka (IRCSL) alongside key industry bodies, the initiative aims to double the country’s insurance penetration rate over the next decade. This decisive […]
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Resilience Amidst Turmoil Asian Energy Insurance Market Trends Resilience Amidst Turmoil: Asian Energy Insurance Market Trends

Resilience Amidst Turmoil: Asian Energy Insurance Market Trends

The Asian energy insurance landscape is currently navigating a period of remarkable stability, maintaining a robust “buyer’s market” despite a backdrop of escalating geopolitical tensions and heightened global economic volatility. As we progress through the first half of 2026, the region continues to defy broader international trends, where rising loss ratios typically dictate steeper premiums. […]
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HSBC and MJ Forge Digital Trade Pact HSBC and M&J Forge Digital Trade Pact

HSBC and M&J Forge Digital Trade Pact

In a significant step towards digitising international trade finance in Bangladesh, HSBC has partnered with leading garment manufacturer M&J Group to introduce an Application Programming Interface (API)-based integration service for cross-border business transactions. This marks the first initiative of its kind in the country, aiming to streamline trade operations through real-time digital connectivity between corporate […]
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Foreign Exchange Rates in Bangladesh Foreign Exchange Rates in Bangladesh

Foreign Exchange Rates in Bangladesh

Bangladesh’s foreign exchange market continues to play a vital role in supporting the country’s expanding international trade and the steady inflow of remittances from millions of expatriate workers around the world. These remittance earnings remain a key pillar of the national economy, helping to sustain household consumption, strengthen foreign reserves, and stabilise the balance of […]
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Continued Downward Pressure in Asia Energy Insurance

Continued Downward Pressure in Asia Energy Insurance

Asia’s energy insurance market continues to be characterised by soft pricing conditions, supported by low regional loss activity and sustained excess underwriting capacity, even as global geopolitical tensions and economic uncertainty persist. According to Willis, a business of Willis Towers Watson Public Limited Company, losses associated with oil and gas production in Asia have remained […]
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India Sets Up $1.4bn Insurance Pool

India Sets Up $1.4bn Insurance Pool

India has approved a sovereign-backed maritime insurance initiative worth 129.8 billion rupees (around US$1.4 billion) aimed at strengthening protection for shipping and trade operations amid global geopolitical tensions and instability in international insurance markets. The decision was cleared at a Cabinet meeting chaired by Prime Minister Narendra Modi on 18 April. It was subsequently announced […]
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Dhaka Bank Signs Auto Finance Deal with Toyota

Dhaka Bank Signs Auto Finance Deal with Toyota

Dhaka Bank PLC and Toyota Bangladesh Limited have signed a Memorandum of Understanding (MoU) to establish a strategic partnership aimed at expanding auto financing facilities for customers, according to a press release. The signing ceremony was held at the head office of Toyota Bangladesh Limited in the Tejgaon Industrial Area of Dhaka. The agreement was […]
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Midland Bank Adopts Axentec Cloud Midland Bank Adopts Axentec Cloud

Midland Bank Adopts Axentec Cloud

Midland Bank PLC has formalised a Memorandum of Understanding with Axentec PLC, a subsidiary of Robi Axiata, to implement advanced cloud computing solutions for its data centre management and core computing operations. The MoU was signed at Midland Bank’s head office in Gulshan-2, Dhaka, as stated in an official press release. The agreement was signed […]
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