Stocks in Bangladesh yesterday maintained their upward momentum for a second day consecutively as Khondoker Rashed Maqsood, the new chairman of the Bangladesh Securities and Exchange Commission, made an announcement that bolstered investor confidence..Maqsood said that they will conduct a

The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) yesterday demanded the abolishment of a provision that allows black money to be whitened without scrutiny by paying a 15 percent tax.

The interim government will not leave any scope for generating black money and the Bangladesh Bank is already working to bring money siphoned off abroad back into the country, Finance Adviser Salehuddin Ahmed said yesterday.

Rice prices are rising in spite of an ample amount being produced in the just concluded fiscal year, causing hardship for low and fixed-income people who are already struggling to make ends meet amid persistently high inflation.

Bangladesh’s imports of capital machinery, industrial raw materials, and intermediate goods fell for a second consecutive fiscal year, reflecting the depressed state of private investment and bleak prospects for new jobs.

After Islami Bank, S Alam Group’s control over Social Islami Bank ended yesterday after the Bangladesh Bank decided to dissolve the board of the Shariah-based bank that was heavily dominated by individuals linked to the conglomerate.

British American Tobacco Bangladesh (BATB) posted a profit of Tk 511.92 crore in the second quarter of this year.

Mohammad Hatem has been elected as the president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA).

China approved the building of nine gigawatts (GW) of coal power generation in the first half of 2024, down by more than 80 per cent compared with a year earlier as the nation adds renewable energy capacity in record amounts, according to a study published on Aug 22.

The panel, which will prepare a white paper on the state of the economy, will consider incorporating issues beyond its mandate depending on the situation, said Debapriya Bhattacharya, the panel chief.

The Bangladesh Securities and Exchange Commission (BSEC) will focus on ensuring good governance and transparency so that the confidence of investors in the stock market makes a rebound, said its chairman, Khondoker Rashed Maqsood, yesterday.

Transport activities through the Dhaka-Chattogram highway partially resumed yesterday after a three-day disruption due to flash floods.

The DSE Brokers Association of Bangladesh wants appointment of seven new independent directors for the DSE board

Bank accounts of their business entities will also remain frozen for the next 30 days

The anti-money laundering agency instructed the lenders to keep the accounts frozen for the next 30 days

Three months ago, the policy rate was hiked for the last time by 50 basis points to 8.5%

The board has one director and four independent directors

Previous president AKM Salim Osman resigned due to health issues

The panel gets 90 days to prepare and submit the paper

The previous limit was Tk 3 lakh