Category: Asia

Thirteen Life Insurance Firms Face Severe Contraction and Fund Crisis

Thirteen Life Insurance Firms Face Severe Contraction and Fund Crisis

Bangladesh’s life insurance sector presents a striking contrast of overall expansion alongside severe institutional distress. Comparative financial data from 2020 to 2025 reveals that while industry-wide revenue grew, at least thirteen life insurance companies experienced a simultaneous contraction in business volume and life fund reserves. Industry experts have likened this compounding decline to an untreated […]
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Tycoon Named in 2.2 Billion Bangladeshi Banking Heist Tycoon Named in £2.2 Billion Bangladeshi Banking Heist

Tycoon Named in £2.2 Billion Bangladeshi Banking Heist

Nazrul Islam Mazumder, the former chairman of EXIM Bank and head of the prominent Nassa Group, stands accused of orchestrating one of the most sophisticated financial frauds in Bangladesh’s history. Exploiting deep political ties with the deposed Awami League administration and former Prime Minister Sheikh Hasina, Mazumder allegedly siphoned off roughly 35,000 crore taka (approximately […]
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Taka Steady as Foreign Exchange Rates Shift in Midweek Trading Taka Steady as Foreign Exchange Rates Shift in Midweek Trading

Taka Steady as Foreign Exchange Rates Shift in Midweek Trading

Bangladesh’s expanding commercial ties with international trading partners continue to drive consistent demand across major foreign currency markets. With bilateral trade volumes rising steadily and cross-border transactions accelerating, institutional buyers, importers, and remittance recipients are keeping a close watch on daily valuation shifts. Midweek trading figures released on Wednesday show the Bangladeshi taka maintaining a […]
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In Remembrance Basanti Guhathakurta, a Beacon of Women's Education and Courage

In Remembrance: Basanti Guhathakurta, a Beacon of Women’s Education and Courage

“A person passes away, but their ideals, their deeds, and their memories endure—generation after generation.” In the history of education and women’s empowerment in Bangladesh, Basanti Guhathakurta represents a brilliant yet understated chapter. She was an accomplished educationist, a dedicated teacher, an author, and a pioneering figure in women’s education. Her most profound and painful […]
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Bangladesh Measles Crisis Deepens as Fatalities Surpass One Thousand Bangladesh Measles Crisis Deepens as Fatalities Surpass One Thousand

Bangladesh Measles Crisis Deepens as Fatalities Surpass One Thousand

The scale of the public health crisis unfolding across Bangladesh has reached a devastating milestone, with the death toll from measles and suspected measles symptoms officially exceeding 1,000 children. Fresh data released on Wednesday, 9 September, by the Directorate General of Health Services (DGHS) control room confirmed three additional deaths over the preceding 24 hours, […]
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Spate of Transformer Thefts Leaves Madarganj Communities In The Dark Spate of Transformer Thefts Leaves Madarganj Communities In The Dark

Spate of Transformer Thefts Leaves Madarganj Communities In The Dark

A relentless wave of infrastructure theft has plunged rural households into prolonged darkness across Madarganj upazila, Jamalpur, where organised gangs have stolen at least 26 electricity transformers within a period of just two months. The targeted thefts have disrupted daily life, ignited widespread public anger, and exposed severe vulnerabilities in the local power distribution network. […]
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