Category: Business

Life Insurance Claims Improve Amid Backlog Life Insurance Claims Improve Amid Backlog

Life Insurance Claims Improve Amid Backlog

Claim settlement performance in Bangladesh’s life insurance sector improved markedly in the final quarter of 2025, although a substantial volume of unpaid claims continues to undermine confidence in the industry. According to unaudited figures from the Insurance Development and Regulatory Authority (IDRA), total claims in the life insurance sector reached Tk 13,158 crore by the […]
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India Clears 1.4bn Maritime Insurance Pool India Clears $1.4bn Maritime Insurance Pool

India Clears $1.4bn Maritime Insurance Pool

India has approved a 129.8 billion rupee (approximately $1.4 billion) government-backed guarantee to establish a national maritime insurance pool, aiming to safeguard trade flows amid rising geopolitical tensions and tightening global reinsurance capacity. The decision, announced by Information and Broadcasting Minister Ashwini Vaishnaw, establishes a framework under which the pool will operate for an initial […]
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MCCI Calls for Lower Turnover Tax MCCI Calls for Lower Turnover Tax

MCCI Calls for Lower Turnover Tax

The Metropolitan Chamber of Commerce and Industry (MCCI) has called on the government to reduce the turnover tax on gross receipts from 1 per cent to 0.3 per cent, arguing that the current structure places an undue financial and administrative burden on businesses and disrupts the coherence of the overall tax framework. In its proposals […]
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Bangladesh Currency Exchange Rates Bangladesh Currency Exchange Rates

Bangladesh Currency Exchange Rates

On 19 April 2026, Bangladesh’s foreign exchange market continued to reflect the country’s expanding international trade relations and the sustained importance of remittance inflows from overseas Bangladeshis. With millions of citizens living and working abroad, foreign currency transfers remain a key pillar supporting the national economy. These inflows help stabilise external reserves and facilitate day-to-day […]
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Rise of Micro Insurance Models

Rise of Micro Insurance Models

The digital insurance sector has been undergoing a clear shift in its approach to customer acquisition, moving from traditional high-premium annual policies towards small, low-cost and highly accessible products. Among the most cited examples of this evolution is the emergence of one-rupee trip insurance. Industry commentary suggests that such micro-insurance offerings function not only as […]
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BB advises caution on forward dollar sales

BB advises caution on forward dollar sales

The Bangladesh Bank has informally advised commercial banks to exercise restraint in undertaking forward dollar bookings, with the objective of preventing pressure on the spot foreign exchange market and containing volatility in the exchange rate. Central bank officials stated that the guidance was issued after a number of banks significantly increased forward booking activities in […]
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Islami Bank Sets Up Hajj Booth

Islami Bank Sets Up Hajj Booth

Islami Bank Bangladesh PLC has launched a dedicated Hajj service booth at the Hajj Camp in Ashkona, Dhaka, to facilitate banking services, provide essential guidance, and distribute necessary items for Hajj pilgrims. The booth was inaugurated on 16 April 2026 by Md. Altaf Hossain, Managing Director (Current Charge) of the bank, who attended as the […]
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