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Jiban Bima Corporation (JBC) is the state-run life insurance corporation in Bangladesh under the provisions of the Insurance Act 1938, Insurance Rules 1958, and related other laws enforceable in Bangladesh in Bangladesh Corporation Act 1973. The JBC started on 14 May 1973 with assets and liabilities worth TK.
The Time Zone stores have 52 locations in Bangladesh. [12] On 17 May 2010, Kallol Group signed an agreement with Jyothy Laboratories of India to create Jyothy Kallol Bangladesh Limited to produce Ujala fabric whitener. [7] The joint venture is owned 75 percent by Jyothy Laboratories of India and the remaining 25 percent are held by Kallol Group ...
The Government agencies in Bangladesh are state controlled organizations that act independently to carry out the policies of the Government of Bangladesh. The Government Ministries are relatively small and merely policy-making organizations, allowed to control agencies by policy decisions.
In 2008, private insurances companies demanded the government of Bangladesh change laws that force them to give 50 per cent reinsurance business to the Sadharan Bima Corporation. [ 10 ] In September 2016, Sadharan Bima Corporation opposed proposals by foreign contractors that public projects they are working on be insured by foreign insurance ...
Novena Global Lifecare Group is a Singapore based medical and aesthetic group operating in Asia. [1] The group provides skin and body care and wellness services and products. Presently, the group has 100 clinics in Singapore , China, Hong Kong , Taiwan , Korea , Indonesia , India and Malaysia.
The same year Anti-Corruption Commission arrested the Chairperson of Keya Group, Abdul Khaleque Pathan, for allegedly embezzling 1.11 billion taka from Bangladesh Krishi Bank Limited. [10] [11] Financial Reporting Council Bangladesh estimated that Keya Group had laundered more than 10 billion taka through their European subsidiary. [3]
Reliance Insurance Limited, was founded in Bangladesh as a private non-life insurance company in 1988. [3] Currently the firm has 32 branches throughout Bangladesh, and 314 employees. In the year 2021, the company had earned BDT 3,140.35 million as the gross premium income, which is higher than that of 2020. [ 4 ]
On 22 February 2022, Bangladesh Securities and Exchange Commission reformed the board again and appointed Sheikh Kabir Hossain chairman of the board. [10] Beximco Group had taken control of Fareast Islami Life Insurance Company Limited. [11] The insurance company decided to sell assets to pay insurance claims.