Eastern Insurance fined Tk 5 lakh
The Insurance Development and Regulatory Authority (IDRA) has fined Eastern Insurance Company Tk 5 lakh for not having the minimum investment required in government securities as per the Insurance Act 2010.
14h ago
Steel consumption to increase 25% by 2027: study
Steel consumption in Bangladesh is projected to rise by 25 percent to around 1.06 crore tonnes in 2027 from 85 lakh tonnes in 2024 thanks to growing infrastructure development projects and individual consumption, according to Bigmint.
4d ago
Uttara: A city within a city
Before the 90s, Uttara offered little aside from open fields of green and waterlogged land.
1w ago
Retailers, brands flock to Uttara
The consumer market in Uttara, a planned suburb in Dhaka city, has witnessed steady growth over the years, prompting many retailers and brands to expand their operations in the area.
1w ago
No commission or service fee for claim settlement
Insurance companies in Bangladesh will no longer be able to charge policyholders for commissions or service fees while settling claims, according to the “Insurance Claims Management Guideline 2024”.
1w ago
New entity wants to enter saturated insurance market
At present, there are 36 life and 46 non-life insurance companies in Bangladesh, which stands in stark contrast to just 24 life insurance companies in India, 10 in Pakistan, and 16 in Sri Lanka.
1w ago
India lifts ban on onion export amid polls in Maharashtra
India yesterday removed the ban on onion exports subject to a minimum export price of $550 per tonne, a decision that can help boost the income of a large section of farmers and comes amidst Lok Sabha polls in key producing regions, including the state of Maharashtra.
2w ago
AC technicians facing backlog of installation, repair orders
Ferdous Hasan, who lives in the Motijheel area of Dhaka, recently purchased an air conditioner (AC) in a bid to find some respite from the ongoing heatwave sweeping across Bangladesh. However, he has been left frustrated by a prolonged delay in installation.
2w ago
March 12, 2024
End extortion to curb Ramadan price hikes
Traders have urged the government to put an end to extortion during the transportation and sales of essential goods for the greater interest of consumers during Ramadan.
March 10, 2024
26 lakh insurance policies discontinued in 14 years
More than 26 lakh insurance policies have lapsed in Bangladesh in the last 14 years owing to a raft of factors including the worsening of financial health of clients, a lack of awareness among them, and agents’ tendency not to explain product features properly while selling them.
March 7, 2024
Sugar prices edge up as traders tighten supply
Sugar prices have gone up at both the wholesale and retail levels amid hoarding by traders on speculation of reduced supply after the fire incident at S Alam Refinery, one of the largest raw sugar importers and refiners in Bangladesh.
March 6, 2024
Bailey Road fire ruins appetite for dining out
The Mughal Empire restaurant in Mohammadpur of Dhaka wore a quiet look at 7:30pm Monday, normally a peak time. With only four people at one corner eating biryani, it is a stark contrast to the usual gathering of 25-30 people.
March 3, 2024
Insurance claim settlement rises in 2023
The claim settlement rate in the insurance sector of Bangladesh has risen by more than four percentage points within the span of a single year although the ratio has remained far below the global average.
March 1, 2024
Insurance premium growth slows
Insurance premium growth decelerated in 2023 as people’s purchasing power eroded amid higher inflationary pressure, despite the sector’s immense potential in a country that has one of the lowest penetration rates in the world.
March 1, 2024
Opening doors to a bright future for insurance
Bangladesh is set to officially launch Bancassurance today, an arrangement between banks and insurance companies to sell insurance products.
February 29, 2024
Investment instruments that Bangladeshi savers consider safe
Around 53 percent of the respondents of a survey in Bangladesh said they prefer making investment in deposit pension scheme (DPS) to set aside funds for rainy days.
February 28, 2024
What most Bangladeshis consider a safe investment?
North South University conducted a survey with the support of MetLife Bangladesh
February 24, 2024
Retail giants rush to Mirpur to cash in on growth spurt
Retail giants and realtors are increasingly flocking to Mirpur and its surrounding areas to tap the opportunities being offered by the growing swathe of the capital.
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