Sukanta Halder

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.

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.

Bangladesh is set to officially launch Bancassurance today, an arrangement between banks and insurance companies to sell insurance products.

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.

North South University conducted a survey with the support of MetLife Bangladesh

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.

Mirpur was best known as a garment manufacturing hub, a crime zone with rough roads, dirty alleyways, rundown buses, a capital of slums called home by apparel workers and a poor township marked by nondescript houses.

The government’s promise of containing the prices of essentials ahead of Ramadan seems to be only on paper as the prices of key items instead rose over the last month.

Eighteen non-life insurance companies spent more in 2022 on management expenses than allowed, leaving a negative impact on their overall business and eroding their capacity to settle claims.

In order to boost supplies and contain prices of essential goods during the month of Ramadan, the government took measures to alleviate the burden on consumers by reducing value added tax and import duties on four commodities -- edible oil, sugar, dates and rice on February 8.

Though there is currently no supply crunch in the country, a section of unscrupulous importers and traders have already hiked the prices of essentials, creating an artificial crisis to make extra profits ahead of Ramadan, said a home ministry report.

Around a month past most of its directors being relieved of their duties over the alleged embezzlement of a fixed deposit and violation of the insurance act, Swadesh Islami Life Insurance Company has now had its registration suspended for three months

The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh's coffers and bring down the rates gradually

Danish fruit drinks firm CO-RO A/S is going to launch its new brand in Bangladesh to enhance their global footprint and grab a slice of the country’s market.

International clothing retailers and brands are still choosing seaways, instead of air, to carry goods from Bangladesh to Europe although the rerouting of ships away from the Red Sea has increased the freight charge by more than 30 percent and added 15 days to the sailing time.

Ever since the metro trains started operating between Uttara and Motijheel all day, buses have been seeing fewer passengers.

With Ramadan less than two months away, the prices of chickpeas, dried peas, dates, and soybean oil have increased in Dhaka and Chattogram.

A supply disruption is causing the consumers to pay more for purchasing potatoes

Just 15 days past a regulatory audit being initiated against him, the chairperson of Sonali Life Insurance has informed that its board of directors had suspended its chief executive officer (CEO) yesterday over allegations of misappropriating funds

Tight supply and higher prices of wheat has driven flour prices to go up