Report
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.
Rice, chicken prices increase
The price of chicken has increased slightly in the market due to low supply and increased demand.
Bangladesh on track to meet IMF conditions, except revenue collection target
In a bit to disburse the fourth installment from the $4.7 billion loan programme, an International Monetary Fund (IMF) mission led by Chris Papadakis evaluates all 12 conditions set by the financial institute to qualify for the fourth tranche.
Mahat and Munda Communities: Deprived of land, struggling to survive in neglect and poverty
Once landowners, the Mahat and Munda communities of Bangladesh have lost their ancestral lands to cunning moneylenders who entrapped them with debts. Thousands of people from these communities now live as impoverished strangers in their homeland. Scattered across villages in Khulna’s Koyra and Dumuria upazilas and Satkhira’s Shyamnagar, Munshiganj, Debhata, and Tala upazilas, their plight reveals a tale of exploitation and deprivation.
How violence emerged in Tablighi Jamaat
Renowned Islamic scholar of the subcontinent Maulana Ilyas Kandhalvi (may Allah be pleased with him), founded the Tablighi Jamaat in 1920 to attract ordinary Muslims to the fundamentals of Islam. From the beginning, the Tablighi Jamaat's leaders had been emphasising prayer and faith in Allah. Along with various regions of the subcontinent, the Tablighi Jamaat spread to Bangladesh also.
Six-lane highway: Works halted in Sylhet due to land acquisition complexity
The construction of six-lane Dhaka-Sylhet highway is stalled due to land acquisition issues.
Rice prices soaring even in Aman season
Rice prices are increasing uncontrollably even during the Aman season when the government has also announced to withdrawal of customs duty on rice import. This market volatility has also put traders in trouble. In the last two weeks, the price of rice has increased by Tk200-250 per bag. As a result, the price of Long-grain rice at the retail level has increased by Tk3 to 5 per kg and the price of medium-grain rice by Tk2 to 3. Corporate institutions have held paddy hoarding responsible for the situation while ordinary buyers and sellers have called this abnormal increase in rice prices during the Aman harvesting season mysterious.
Increased theft, robbery force villagers to guard houses at night in Bogura
Tojam was returning home in a pickup truck buying six buffaloes from the City Bazar in Rajshahi. On the way, he was caught by a group of robbers at Sherpur upazila in Bogura. The robbers blocked the road with trees. Along with the buffaloes, they also robbed the mobile phones of Tojam and his companions. Moreover, several people traveling on the road at that time also became victims of robbery.
Sylhet passport seekers face severe hardships for middlemen
The Sylhet divisional passport office is plagued by severe staff shortages inside and rampant activities of middlemen outside. These combined issues have made the process of obtaining a passport a distressing ordeal for the general public.
Deepto TV's Tamim murder : Key accused still at large
Two months have passed since Tanzil Jahan Islam Tamim, a broadcast officer of private TV channel Deepto TV, was brutally murdered. Yet, police have failed to arrest the key accused in the case. The sluggish pace of the investigation has left Tamim's grieving family frustrated and disheartened.
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