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Rasel Mahmud

  • Senior Reporter
  • Sun, 22 Sep 24
Rasel Mahmud: Senior Reporter
347,000 insurance policyholders cancel policies in 9 months
347,000 insurance policyholders cancel policies in 9 months

Report

Sat, 21 Dec 24

347,000 insurance policyholders cancel policies in 9 months

In the first nine months of this year, 347,000 policyholders have canceled their policies with 36 life insurance companies operating in Bangladesh, according to the latest report by the Insurance Development and Regulatory Authority (IDRA). Industry insiders say that while the insurance sector contributes to the economy alongside banks, non-bank financial institutions (NBFIs), and the capital market, it remains plagued by distrust and instability. Despite various governmental and private initiatives, full confidence in this sector has not been restored, and the challenges are deepened by recurring policy cancellations.

Millionaire depositors withdrawing money
Bangladesh Bank

Report

Wed, 11 Dec 24

Millionaire depositors withdrawing money

Amid the instability in the banking sector following Sheikh Hasina's departure from the country, a substantial amount of money has been withdrawn from banks. Between July and September alone, millionaire investors withdrew over Tk 26,000 crore, according to a report by the Bangladesh Bank.

RMG sector returning to positive export growth
Garments-worker

Report

Thu, 28 Nov 24

RMG sector returning to positive export growth

After the student protests in July, on August 5, Sheikh Hasina left the country, and an interim government was formed under the leadership of Dr. Mohammad Yunus. Since then, there has been severe disruption across various sectors of business, including the garment industry. Garment workers went on strike throughout August and September demanding unpaid wages and other issues, disrupting production activities and negatively impacting exports. While exports increased in July and August, they declined in September. However, garment exports bounced back in October, showing positive growth.

Some 7 lakh investors quit capital market in 5 years
Some 7 lakh investors quit capital market in 5 years

Report

Mon, 25 Nov 24

Some 7 lakh investors quit capital market in 5 years

The country's capital market is experiencing a incessant decline. Millions of investors are becoming destitute day by day after losing capital. At the same time, as the investors are constantly losing money in the market, they are suffering from cynicism. As a result, nearly 700,000 beneficial owners or BO account holders have left the capital market in the last five years due to a 'crisis of confidence'. This information has been revealed by the Central Depository Bangladesh Limited (CDBL), an institution that stores shares electronically.

17 banks' profit soar, 10 see decline
17 banks' profit soar, 10 see decline

Report

Fri, 22 Nov 24

17 banks' profit soar, 10 see decline

The net profit of 17 banks among the 36 banks listed in the country's capital market has jumped during the third quarter of the year i.e. July-September.