Idra issues guidelines for insurtech
The insurance regulator of Bangladesh has finalised a framework enabling tech startups to innovate insurance policies, their distribution and other related tasks.
16 August 2023, 18:00 PM
Tea gardens seeing fresh investment
The jump in consumption of tea, once a preserve of the elite, brought about by the rise in people’s purchasing power over the past decade has presented tea garden owners with a renewed and compelling business case.
15 August 2023, 18:00 PM
Claim settlement by non-life insurers dipped in 2022
The claim settlement ratio of non-life insurance companies in Bangladesh slipped in 2022 due a liquidity crisis, reduced investment and lower returns on investment, according to industry people.
14 August 2023, 18:00 PM
What to buy: chicken or egg?
A dozen eggs now cost the same as 1kg broiler chicken
13 August 2023, 00:00 AM
Eggs now Tk 15 costlier per dozen
The price of eggs has gone up by as much as Tk 15 per dozen in retail markets, forcing consumers who are already overburdened with high inflation to spend more to avail the low-cost source of protein.
9 August 2023, 18:00 PM
Why meat prices rising despite surplus production
While the Department of Livestock Services (DLS) estimates a surplus of meat production in the country, prices of all – be it chicken meat, mutton or beef -- have risen, raising questions about the authenticity of production and demand estimates.
7 August 2023, 18:00 PM
Beef prices stay the same despite promises
Beef is still selling at the going market rate of Tk 750 to Tk 800 per kilogramme (kg) in Dhaka even though the Bangladesh Dairy Farmers’ Association (BDFA) recently reduced the price by Tk 50.
6 August 2023, 00:00 AM
Lay emphasis on power supply
The government should lay emphasis on the electricity transmission and distribution system to ensure uninterrupted supply, said Mahbubul Alam, the newly elected president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
5 August 2023, 18:00 PM
Beef prices stay the same despite promises
Beef is still selling at the going market rate of Tk 750 to Tk 800 per kg in Dhaka even though the Bangladesh Dairy Farmers’ Association (BDFA) recently reduced the price by Tk 50
5 August 2023, 16:03 PM
Silver jewellery winning hearts in silence
People in Bangladesh are becoming increasingly inclined towards silver jewellery as they are more affordable than gold or platinum ornaments, especially amid the ongoing inflationary pressure, according to various traders.
4 August 2023, 00:00 AM
Insurance claim settlement far below average
Claim settlement in the insurance sector in Bangladesh stood at 67 percent in 2022, highlighting bad investments and non-compliance that prevented insurers from attaining a higher ratio, data from the regulator showed.
2 August 2023, 00:00 AM
Bright spots in insurance claim settlement
Bangladesh’s life insurance sector has always struggled in claim settlement, but the sector still has some good companies who are bearing the torch for all with faster fund repayment and good corporate governance.
1 August 2023, 18:00 PM
Insurers that are struggling to settle claims
A number of life insurance companies in Bangladesh struggled to settle claims in 2022 due to a lack of liquidity resulting from bad investments and fund embezzlement by their chairmen and directors.
1 August 2023, 18:00 PM
Vehicle insurance business going thru tough times
The vehicle insurance business in Bangladesh is passing hard times as people are not interested in insuring automobiles in the absence of legal obligation as well as a lack of trust in insurers and promotional activities.
28 July 2023, 00:00 AM
Grain deal stalemate: Wheat importers exploring alternative sources
Wheat importers of Bangladesh are exploring alternative sources to ensure uninterrupted domestic supplies after Russia pulled out of a UN-brokered Black Sea grain deal that assured safe transport of Ukrainian wheat.
22 July 2023, 23:00 PM
A law to protect intellectual rights
Aiming to safeguard intellectual property rights, the government is going to increase the punishment for violating copyrights, with more specific definitions and the inclusion of some new provisions.
21 July 2023, 18:00 PM
Amrapali mango production highest among all varieties
Just a decade ago, Fazli, Himsagar, Langra and Gopalbhog mangoes were the most popular varieties of the fruit among consumers in Bangladesh.
21 July 2023, 03:00 AM
Pran-RFL first company to make helmets locally
Durable Plastic Limited, a concern of Pran-RFL Group, is scheduled to launch its “Safemet” motorcycle helmet brand at a hotel in the capital today.
19 July 2023, 18:00 PM
Bad news for wheat market as Russia pulls out of grain deal
Bangladesh’s wheat market may see fresh volatility after Russia pulled out of a United Nations and Turkey-brokered deal that could turn the global grain market unstable, importers warn.
18 July 2023, 01:15 AM
Businesspeople unable to benefit from GI products
Although Bangladesh has secured geographical indication (GI) status for 15 products so far, local businesspeople have yet to benefit in absence of global demand for these goods, according to experts.
17 July 2023, 18:00 PM