Global lenders to finance banking reforms

The Asian Development Bank (ADB) and the World Bank are expected to provide funds to Bangladesh for banking sector reforms, including strengthening and modernising the central bank.
10 September 2024, 18:00 PM

e-filing of tax returns possible from next July

From next fiscal year, taxpayers will be able to proactively start submitting their tax returns from July 1 even though this year the National Board of Revenue (NBR) started accepting it online a bit late, that is from September 9.
10 September 2024, 18:00 PM

Bangladesh seeks $3b from ADB, WB

Bangladesh could get $3 billion in budgetary support under an Asian Development Bank (ADB) and World Bank (WB) arrangement for energy and power sector reforms and the upcoming status graduation from a least developed country (LDC) to a developing nation in 2026.
10 September 2024, 18:00 PM

Citycell wants licence reinstatement

Citycell, the country’s first mobile operator which has not been operational since 2016, has sent a letter to the telecom regulator recently seeking the reinstatement of its licence.
10 September 2024, 18:00 PM

Use official names of borrowers for CIB reporting

The central bank said it noticed that loans were being approved using the names of separate units of companies.
10 September 2024, 16:35 PM

Import fertilisers, petrochemicals from Egypt

Egypt wants Bangladesh to import petrochemicals and fertilisers from the Northeast African country, said Omar Mohie Eldin Ahmed Fahmy, ambassador of Egypt to Bangladesh.
10 September 2024, 14:30 PM

Chinese firm to invest $50m in Bepza EZ

China-based Home Joy Socks Bangladesh Company Limited signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) recently to set up a sock and garment manufacturing factory in Bepza Economic Zone with an investment of $50 million.
10 September 2024, 13:45 PM

Emdad ul Bari appointed as BTRC chairman

Md Emdad ul Bari has been appointed chairman of the Bangladesh Telecommunication Regulatory Commission (BTRC)
10 September 2024, 08:49 AM

India-financed projects to continue: Salehuddin

The projects funded by Indian loans will proceed as planned, said Finance and Commerce Adviser Salehuddin Ahmed today
10 September 2024, 07:23 AM

US plans talks on economy with Yunus, FT says

The United States is set to launch economic talks this week with Bangladesh's interim government, including its leader, Muhammad Yunus, the Financial Times reported on Tuesday
10 September 2024, 06:12 AM

NBR asks officials to come to office on time

The National Board of Revenue (NBR) has asked the officials of its income tax wing to be at office ahead of the 9:00am reporting time.
9 September 2024, 18:30 PM

BSEC to probe mutual funds of Investasia

The Bangladesh Securities and Exchange Commission (BSEC) has decided to conduct an inquiry into allegations of regulatory non-compliance against two mutual funds managed by Investasia Capital and Asset Management Ltd.
9 September 2024, 18:00 PM

Ctg chamber gets administrator

The government appointed an administrator to the Chittagong Chamber of Commerce and Industry (CCCI) yesterday, seven days after the president and the remaining 23 directors of the CCCI executive board resigned following protests.
9 September 2024, 18:00 PM

Aslam Alam becomes new chairman of Idra

M Aslam Alam, former rector of the Bangladesh Public Administration Training Centre, has been appointed as chairman of the Insurance Development and Regulatory Authority (Idra).
9 September 2024, 18:00 PM

BSEC forms committee to probe stock manipulation by S Alam, Salman F Rahman

The Bangladesh Securities and Exchange Commission (BSEC) yesterday formed a committee to look into allegations of market manipulation by Mohammed Saiful Alam and Salman F Rahman, owners of S Alam Group and Beximco Group, respectively.
9 September 2024, 18:00 PM

Stocks fall for sixth day

Indices of the Bangladesh stock market extended their losing streak for a sixth consecutive day yesterday as investors traded cautiously ahead of corporate earnings disclosures, which  influence investor decisions.
9 September 2024, 18:00 PM

Zero net carbon emission: An untenable imperative

As we witness the devastation caused by climate induced disasters around the world and the floods across our nation, it becomes painfully clear that the impacts of climate change and global warming are no longer distant threats but a harsh reality.
9 September 2024, 18:00 PM

ACC probes graft allegations against Shibli, eight others

The Anti-Corruption Commission (ACC) last week began a formal inquiry into the alleged corruption of former chief of the Bangladesh Securities and Exchange Commission (BSEC) Professor Shibli Rubayat-Ul Islam and eight of its other officials.
9 September 2024, 18:00 PM

Labour unrest continues to take toll on RMG production

More than 80 factories in the Ashulia-Gazipur industrial belt remained shut yesterday as workers demonstrated to realise several demands.
9 September 2024, 18:00 PM

Bank deposits grow as money is coming back: governor

Deposits in banks are increasing and money outside the banking sector has decreased by Tk 45,000 crore in recent times, reflecting growing confidence in the banking sector, Bangladesh Bank (BB) Governor Ahsan H Mansur said yesterday.
9 September 2024, 18:00 PM