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Shibli Rubayat-Ul-Islam reappointed as BSEC chief

Prof Shibli Rubayat-Ul-Islam has been reappointed as the chairman of the Bangladesh Securities and Exchange Commission (BSEC) for another four-year term.

Dhaka , Bangladesh , Shibli-rubayat , Dhaka-stock-exchange , Exchange-commission , Financial-institutions-division , Sadharan-bima-corporation , University-of-dhaka , Prof-shibli-rubayat-ul-islam , Bangladesh-securities ,

Bangladesh's Insurance Landscape: Progress and Prospects

In 1972, Bangladesh nationalized its insurance industry through the Bangladesh Insurance (Nationalization) Order 1972, excepting postal life and foreign life insurance.

India , Bangladesh , Pakistan , Sri-lanka , Dhaka , Istiaque-mahmud , Shamima-nasrin , M-muzahidul-islam , Rafiqul-islam , Metlife-american-life-insurance-company , Insurance-corporation , Sadharan-bima-corporation

Insurance market remains largely untapped

Insurance market remains largely untapped
newagebd.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newagebd.net Daily Mail and Mail on Sunday newspapers.

Bangladesh , Sri-lanka , Pakistan , India , Vietnam , Republic-of , Philippines , Dhaka , Malaysia , Bangladeshis , Pricewaterhousecoopers-pw ,

Tobacco industry interference to undermine the development and implementation of graphic health warnings in Bangladesh

Background In Bangladesh, the 2013 Amendment of the Tobacco Control Act made graphic health warnings (GHWs) on the upper 50% of all tobacco packs obligatory. However, at the time of writing (May 2022), GHWs are still being printed on the lower 50% of packs. This paper seeks to explore how the tobacco industry undermined the development and implementation of GHWs in Bangladesh, a country known for a high level of tobacco industry interference (TII) that has rarely been examined in the peer-reviewed literature.

Methods Analysis of print and electronic media articles and documents.

Results Cigarette companies actively opposed GHWs, while bidi companies did not. The primary strategy used to influence the formulation and delay the implementation of GHWs was direct lobbying by the Bangladesh Cigarette Manufacturers’ Association and British American Tobacco Bangladesh. Their arguments stressed the economic benefits of tobacco to Bangladesh and sought to create confusion about the impact of GHWs, for example, claiming that GHWs would obscure tax banderols, thus threatening revenue collection. They also claimed technical barriers to implementation—that new machinery would be needed—leading to delays. Tensions between government bodies were identified, one of which (National Board of Revenue)—seemingly close to cigarette companies and representing their arguments—sought to influence others to adopt industry-preferred positions. Finally, although tobacco control advocates were partially successful in counteracting TII, one self-proclaimed tobacco control group, whose nature remains unclear, threatened the otherwise united approach.

Conclusions The strategies cigarette companies used closely resemble key techniques from the well-evidenced tobacco industry playbook. The study underlines the importance of continuing monitoring and investigations into industry conduct and suspicious actors. Prioritising the implementation of WHO Framework Convention on Tobacco Control Article 5.3 is crucial for advancing tobacco control, particularly in places like Bangladesh, where close government–industry links exist.

No data are available.

Bangladesh , France , Japan , United-states , Germany , Dhaka , American , Bangladeshi , Arsenios-tselengidis , Parliamentary-union , Japan-tobacco , Parliamentary-affairs-mo

RMG shipping cost climbs for Red Sea diversion

International clothing retailers and brands are still choosing seaways, instead of air, to carry goods from Bangladesh to Europe although the rerouting of ships away from the Red Sea has increased the freight charge by more than 30 percent and added 15 days to the sailing time.

United-kingdom , Gaza-strip , Red-sea , Djibouti-general- , Djibouti , Netherlands , Bangladesh , Dhaka , Dutch , Bangladeshi , Shafiur-rahman , Bibekananda-saha

Insurance legend Zahurul Huq dies

Insurance legend Zahurul Huq dies
newagebd.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newagebd.net Daily Mail and Mail on Sunday newspapers.

Bangladesh , Zahurul-huq , Syed-shahriyar-ahsan , Syed-zahurul-huq , Peoples-insurance-company , Pioneer-insurance-company , Muslim-insurance-co-ltd , Bangladesh-national , Sadharan-bima-corporation , Sadharan-bima , Peoples-insurance-company-limited , Pioneer-insurance-company-limited

Bangladesh: Threat of increased risk exposure looms as reinsurance premiums arrears mount

The growing amount of premiums arrears owing to reinsurers because of the dollar crisis may prompt global reinsurers to exit the Bangladesh market, leaving major projects and industries out of the insurance umbrella.

United-kingdom , Germany , Ukraine , Thailand , Russia , London , City-of , India , Singapore , Switzerland , Bangladesh , South-korea

Govt wants to form insurer for public employees

The government is pondering over whether to set up an “independent” insurance company under Bangladesh Karmachari Kallyan Board (BKKB) to provide insurance to government employees.

Dhaka , Bangladesh , Department-of-banking , Jiban-bima-corporation , University-of-dhaka , Sadharan-bima-corporation , Ministry-of-public-administration , Bangladesh-karmachari-kallyan-board , Public-administration , Bima-corporation , Prof-md-main-uddin

Financial irregularities cost Sadharan Bima Tk 210cr

A manager of Sadharan Bima Corporation (SBC) embezzled Tk 26.15 crore over a decade by keeping premiums in a bank account set up using fake documents of a board meeting of the state-run insurer, according to an audit report.

Imamganj , Rangpur , Bangladesh , Dhaka , Abul-kashem , Mohammad-sirajul-hoque , Rafiqul-islam , Chawk-bazar , Bangladesh-council-of-scientific , Sadharan-bima-corporation , Exim-bank-ltd , Bangladesh-university-of-engineering

Mandatory insurance for all vehicles proposed

New Age, a Dhaka-based leading English language daily newspaper, is a major source of news of Bangladesh and international affairs

Bangladesh , Sheikh-mohammad-salim-ullah , Amin-ullah-nuri , Obaidul-quader , Sheikh-hasina , Jatiya-sangsad , Insurance-development , Sadharan-bima-corporation , Bangladesh-insurance-association , National-insurance-day , Regulatory-authority , Financial-institutions-division