Sukanta Halder

More than 37,000 clients of Homeland Life Insurance Company Ltd are facing uncertainty about whether they would get back their insured amount owing to a lack of liquidity at the insurer caused by alleged irregularities, the regulator found.  

Firoza Begum, a resident of Shalmara village in Bhelabari union under Aditmari upazila of Lalmonirhat, opened a 12-year term policy with Fareast Islami Life Insurance Company some 15 years ago. 

CAG audit finds

The BSCIC suffered a loss of Tk 25.32 crore in 2018-2019 and 2019-2020 as it did not realise dues related to service charges and lease money from a number of plot owners in several industrial estates, according to an audit report.

The demand for anti-mosquito products, such as coils, aerosol sprays, nets and rackets, has increased in Bangladesh as people are looking to avoid dengue fever amid the recent outbreak, according to businesspeople.

Onion prices have gone up in both wholesale and retail markets in Bangladesh in the span of a week owing to the higher cost of imported varieties of the kitchen staple.

Like many in Bangladesh, Farhan Tanvir often struggled to find suitable clothing given his large size.

Like the previous few years, the price of rawhide is low this year

Some traders in Dhaka today said the price of rawhides on Eid-ul-Azha this year was lower than the price fixed by the Ministry of Commerce

Bangladesh’s two-decade-long quest to put in place a system that can process 100 per cent of rawhides generated during Eid-ul-Azha continues owing to the lower-than-required capacity of the Savar Tannery Industrial Estate (STIE).

Financing to small and medium enterprises (SMEs) is increasing, enabling many firms to access the much-needed capital to expand their businesses and accelerate the growth of the country’s economy.

Traders at the Bangabazar Shopping Complex, one of the largest clothing retail and wholesale hubs in Bangladesh, are typically busy buying and selling products ahead of Eid-ul-Azha each year.

Sugar prices have gone up at both wholesale and retail markets in Dhaka and Chattogram in a span of a week owing to tight supply and millers’ call for adjusting the price in line with rising global rates. 

Bangladesh’s export earnings from mango have jumped this year as local growers are supplying an improved quality of the popular fruit through both private and public initiatives.

This recovery brought hope to entrepreneurs related to the local tourism industry, which suffered huge losses due to the coronavirus outbreak

Global commodity prices are falling.

About 45 per cent of life insurance policyholders in Bangladesh don’t pay premiums after the first year owing to a number of factors, including purchasing of higher value plans compared to their affordability and agents’ tendency to not provide all key information to potential customers, said the top regulator. 

The Insurance Development and Regulatory Authority (Idra) has appointed four of its officials as observers at four life insurance companies for their failure to protect the interests of policyholders.

Onion prices witnessed a sharp fall in different parts of Bangladesh yesterday, a day after the government gave the go-ahead to import the vegetable from India.

The prices of onion fell by at least Tk 10 to Tk 15 per kilogramme (kg) in Dhaka's retail markets today, a day after the government allowed import of the cooking ingredient from India.