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New Life Insurers report losses in 2015

The 13 newly licensed life insurance companies in Bangladesh have all reported incurring losses throughout last year due to declining premium income and high management cost. This was the content of the report prepared by the Insurance Development Regulatory Authority (IDRA), the country’s insurance regulator. insuranceThe report showed that the 13 new life insurance firms posted earnings of Tk1.17 billion (US$15 million) against their management cost of Tk1.18 billion (US$15.1 million...

Siemens to supply components for power plant in BD

Siemens has received an order for the supply of key components for the Bibiyana South combined cycle power plant in Bangladesh. One gas turbine, a steam turbine and a generator are to be installed in the natural-gas-fired single-shaft plant. The total installed electrical generating capacity of the plant will be around 400 megawatts (MW). The operator of the plant is the state-owned power provider Bangladesh Power Development Board (BPDB). The Bibiyana South plant will be erected by Isolux Corsan, a company specialized in energy, construction, transmission and distribution, with Power

Governance, risk & compliance of insurance industry

Research and Markets has announced the addition of the “Governance, Risk and Compliance - The Bangladeshi Insurance Industry” report to their offering. ‘Governance, Risk and Compliance - The Bangladeshi Insurance Industry report is the result of extensive research into the insurance regulatory framework in Bangladesh. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report bd insurancespecifies various requirements for ...

Indian insurance co to do business in Bangladesh

Bangladesh’s insurance sector regulator has approved the Life Insurance Corporation of India (LIC) to operate in the country, a media report said on Wednesday. insurance“We have given LIC a letter of consent upon certain conditions. They will be able to start operations once they are fulfilled,” quoted Bangladesh Insurance Development and Regulatory Authority (IDRA) chief M. Shefaq Ahmed as saying. A joint venture entity with the paid-up capital of one billion taka (around $13 million) -- LIC Bangladesh Ltd.—will be created for this p...

Solar energy revolution in Bangladesh    

We put a lot of cyber ink into the German, Australian, US, Chinese, Indian, Chilean, and Japanese solar energy revolutions. However, I think the Bangladeshi solar revolution is one we don’t write about enough. One of the biggest reasons for that is probably that it doesn’t compare to the others on a total capacity basis. However, that doesn’t mean the market isn’t huge. In July, we did write about a $78.4 million World Bank loan offered to the Bangladeshi government to finance 480,000 solar home systems. Assuming 5.6 people per household (that’s apparently the average), that’s solar power for 2.688 million people. However, this isn’t the beginning of Bagladesh’s solar revolution at all.