No commission or service fee for claim settlement
Insurance companies in Bangladesh will no longer be able to charge policyholders for commissions or service fees while settling claims, according to the “Insurance Claims Management Guideline 2024”.
8 May 2024, 03:00 AM
New entity wants to enter saturated insurance market
At present, there are 36 life and 46 non-life insurance companies in Bangladesh, which stands in stark contrast to just 24 life insurance companies in India, 10 in Pakistan, and 16 in Sri Lanka.
8 May 2024, 00:00 AM
India lifts ban on onion export amid polls in Maharashtra
India yesterday removed the ban on onion exports subject to a minimum export price of $550 per tonne, a decision that can help boost the income of a large section of farmers and comes amidst Lok Sabha polls in key producing regions, including the state of Maharashtra.
4 May 2024, 18:00 PM
AC technicians facing backlog of installation, repair orders
Ferdous Hasan, who lives in the Motijheel area of Dhaka, recently purchased an air conditioner (AC) in a bid to find some respite from the ongoing heatwave sweeping across Bangladesh. However, he has been left frustrated by a prolonged delay in installation.
2 May 2024, 15:48 PM
Potato price surges during peak season
Potatoes are at least 50 percent costlier than a year ago owing to lower production, tight supply, and the profiteering tendency among a section of people in the supply chain, dealing a blow to the consumers already reeling under higher inflation.
29 April 2024, 00:00 AM
Poultry farmers in a bind as chickens succumb to heatwave
Sumon Howlader, president of the Bangladesh Poultry Association (BPA), claimed that marginal farmers have suffered losses totalling around Tk 200 crore in the past 10 days due to the effects of the heatwave.
26 April 2024, 00:54 AM
Is commodity market competitive? Experts have different views
Syndication has become a buzzword among consumers in Bangladesh, particularly in relation to the abnormal price hike of essential commodities over the past several years.
23 April 2024, 03:00 AM
Administrator appointed for Sonali Life Insurance
Brig Gen (retd) SM Ferdous has already joined office: IDRA spokesperson
21 April 2024, 11:50 AM
Fair showcases commercial viability of exotic livestock
Ending last Friday, the fair showcased over 3,000 animals and birds, many of which were also on sale
21 April 2024, 04:55 AM
Padma Islami served show cause notice over Tk 211cr unsettled claims
The Insurance Development and Regulatory Authority (IDRA) has given Padma Islami Life Insurance five working days to explain why they should not be penalised for failing to settle claims amounting to Tk 211.82 crore last year.
18 April 2024, 01:00 AM
No insurance assets will be usable for owners’ personal loans
Insurers shall not assist company directors, shareholders, their families or other related individuals in obtaining loans from financial institutions by using company assets as collateral, according to a draft amendment to Insurance Act 2010.
16 April 2024, 16:55 PM
Online ticketing platforms sprout amid quest for convenience
As such, at least a dozen e-ticketing platforms have emerged aiming to capitalise on people’s preference for convenience when availing transport facilities, according to market players.
9 April 2024, 00:39 AM
Audit at Sonali Life Insurance: Ex-chairman, family pocketed Tk 187cr
Sonali Life Insurance Company’s former chairman Mostafa Golam Quddus and his six family member directors have embezzled at least Tk 187.84 crore from the company, an audit has found.
6 April 2024, 18:00 PM
Celebrating Eid getting harder for the vulnerable
As middle and low-income segments of society struggle against the backdrop of a severe cost-of-living crisis, the surge in aggregate demand ahead of Eid-ul-Fitr poses a further hurdle for many striving to celebrate the festival.
5 April 2024, 18:00 PM
Economics of Eid
As the darkness of night made way for the first light of day, a rhythmic hum echoed through the tranquil dawn in Jamalpur like a heartbeat.
5 April 2024, 18:00 PM
No cheers for restaurant owners, staff this Eid
They face setbacks for Ramadan and fallout from Bailey Road fire
3 April 2024, 18:02 PM
Registration mandatory for tour operators and guides
The government has framed rules for tour operators and guides in order to give the key cogs of the tourism industry a formal shape and tap the sector’s potential in Bangladesh.
1 April 2024, 18:01 PM
Fruit imports surge as Ramadan pushes up demand
Traders opened LCs worth $247.26 million in July-January of the current fiscal year of 2023-24, up 25.81 percent year-on-year, central bank data showed.
27 March 2024, 00:49 AM
One panjabi for two occasions
The rising price level in Bangladesh has left the middle and low-income segments in a severe cost of living crunch, with inflation hovering above 9 percent since March last year.
27 March 2024, 00:49 AM
Bangladesh's biggest shopping festival begins as Eid nears
The number of shoppers has been increasing since Friday, said brands and retailers. But with about 18 days left until Eid, consumers are yet to start buying clothing items in large quantities, they said.
24 March 2024, 00:45 AM