Crackdown awaits lavish non-life insurance firms: IDRA issues show-cause notices on all 45 firms The insurance regulator now plans a tougher crackdown on the country’s 45 non-life insurance firms for their lavish management spending in violation of the rules. Earlier, the Authority had conducted a drive against 17 life-insurance firms

Remittances from major destinations on dive Inward remittances from 13 major countries out of 18 marked a sharp fall so far in the current fiscal year against the corresponding previous period. Officials said the inflow of remittances from six Middle-Eastern countries along with two others dropped more than 15.0% during

Knitwear exports to EU countries face setback: Sluggish demand, devaluation of currencies to blame Bangladesh’s knitwear exports to a number of European Union (EU) member-countries and some other non-traditional markets have been facing a setback in recent times. Exporters and experts have attributed this to a sluggish demand, change of

Bank accounts for street children – a noble initiative that fell by the wayside Bangladesh Bank’s initiative to join hands with non-government organisations to allow street children and child workers open bank accounts with Tk10 minimum initial deposit has fallen by the wayside. Stakeholders have blamed the failure mainly on

Pubali Bank, Padma Oil, IFAD Autos placed in DS30 The Dhaka Stock Exchange has reshuffled its two indices — DS30 and DSEX — as part of its half-yearly rebalancing of the indices, with an effect from July 23.Pubali Bank, Padma Oil and IFAD Autos Limited have made their way to