Category: Business

bangladesh bank issues new energy guidelines Bangladesh Bank Issues New Energy Guidelines

Bangladesh Bank Issues New Energy Guidelines

Bangladesh Bank has issued fresh directives urging all banks in the country to exercise prudence in electricity and fuel consumption. The move comes in response to global geopolitical uncertainties that have heightened concerns over potential disruptions in energy supply. The central bank emphasised that judicious use of energy is now imperative to safeguard national resources. […]
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hong kong approves first captive insurer of 2026 Hong Kong Approves First Captive Insurer of 2026

Hong Kong Approves First Captive Insurer of 2026

The Hong Kong Insurance Authority has officially authorised CNNC Captive Insurance Limited, marking the first captive insurance company to receive approval in the city for 2026. Founded by the China National Nuclear Corporation, CNNC Captive Insurance Limited represents a strategic move to enhance enterprise risk management capabilities within the energy and industrial sectors. With this […]
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ninth pay scale implementation faces potential delays Ninth Pay Scale Implementation Faces Potential Delays

Ninth Pay Scale Implementation Faces Potential Delays

The proposed implementation of the ninth pay scale for government officers and employees remains under review, with the process currently confined to the stages of proposal evaluation and policy consideration. While the government has expressed a positive stance, prevailing economic challenges and global instability have raised concerns that full implementation may face delays. Government sources […]
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banks in garment hubs to operate during eid holidays Banks in Garment Hubs to Operate During Eid Holidays

Banks in Garment Hubs to Operate During Eid Holidays

In a move aimed at facilitating wage disbursement and export transactions, Bangladesh Bank has directed that selected branches in ready-made garment (RMG) industrial zones remain open during the upcoming Eid-ul-Fitr holidays, even as the government-declared public holiday is observed nationwide. The directive, issued on Tuesday, 10 March, by the Department of Off-Site Supervision of Bangladesh […]
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asias wealth insurers under growing compliance strain Asia’s Wealth Insurers Under Growing Compliance Strain

Asia’s Wealth Insurers Under Growing Compliance Strain

Insurers serving Asia’s ultra-wealthy are confronting escalating regulatory and operational pressures as authorities increase scrutiny over cross-border wealth transfers. Tighter anti-money laundering (AML) rules and enhanced requirements for disclosing beneficial ownership are slowing client onboarding, complicating the issuance of high-premium policies, and increasing administrative workloads, analysts note. “Families with assets across Singapore, Hong Kong, and […]
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idra faces allegations over mandal removal IDRA Faces Allegations Over Mandal Removal

IDRA Faces Allegations Over Mandal Removal

The Insurance Development and Regulatory Authority (IDRA) is facing serious allegations of regulatory deception following the protracted legal and administrative saga of Dr. Bishwajit Kumar Mandal. The case has highlighted potential irregularities in how executive removals are handled and raised concerns over the credibility of assurances given by regulatory officials. Background Dr. Mandal was removed […]
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female bankers decline by 770 in six months Female Bankers Decline by 770 in Six Months

Female Bankers Decline by 770 in Six Months

The number of female employees in Bangladesh’s banking and non-bank financial institutions has declined notably over the past six months, highlighting persistent gender disparities in the financial sector. According to the latest report published by Bangladesh Bank on workforce gender composition, the banking sector lost 721 female staff, while non-bank financial institutions recorded a reduction […]
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modhumoti bank signs deal with hyatt place Modhumoti Bank Signs Deal With Hyatt Place

Modhumoti Bank Signs Deal With Hyatt Place

Modhumoti Bank PLC has signed a partnership agreement with Hyatt Place Dhaka Uttara aimed at offering exclusive hospitality benefits to the bank’s cardholders. The agreement was formally concluded at the hotel premises in Dhaka, according to a press release issued by the bank. The collaboration is designed to strengthen the relationship between the banking and […]
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