Twenty-one life insurance companies in Bangladesh have failed to comply with the rule that makes it mandatory for them to invest 30 percent of their assets in government securities, the regulator has found.
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Skilled labour migration to Singapore will be up against formidable challenges in the coming months as the city-state has curtailed quotas for Bangladeshis and is hiring workers from alternative sources amid declining construction projects. Labour recruiters have also attributed the quota reduction to declining trust in Bangladeshi workers, as many of them have allegedly been