The Bangladesh Post Office (BPO) owns Nagad and it has now been taken over as a government organisation, Bangladesh Bank Governor Ahsan H Mansur said yesterday.

The Bangladesh Bank has formed a new board of directors for crisis-hit Islami Bank Bangladesh, appointing five independent directors at the Shariah-based lender.

Trouble-ridden National Bank Ltd (NBL) yesterday elected Abdul Awal Mintoo, a businessman and vice-chairman of the Bangladesh Nationalist Party, as chairman of its board of directors, a development that came two days after the Bangladesh Bank (BB) dissolved the previous board to protect the interests of depositors.

As foreign aid in the pipeline reached nearly $46 billion at the start of this fiscal year, the interim government will take initiatives to utilise those funds to bolster the country’s foreign currency reserves.

The Bangladesh Securities and Exchange Commission has suspended all types of trades and transfers of securities of any beneficiary owner’s account of Chowdhury Nafeez Sarafat, chairman of Race Asset Management

Bangladesh Jewellers Association (Bajus) today set gold prices at a historic high of Tk 126,006 a bhori and decided to bring it into effect from tomorrow

Their accounts will remain frozen for 30 days

CEO post will be abolished, but none will lose job, says Badiuzzaman Dider on first day in office

The Central Intelligence Cell of the NBR will do the work

The rate will be further raised to 10℅, BB governor tells BBC in an interview

The ICT Division has urged the UNDP to conduct a thorough investigation into the allegations brought against certain consultants who were appointed for its Aspire to Innovate (a2i) programme by UNDP Bangladesh..According to a statement issued by the ICT Division, this demand was placed thr

Interest payments against foreign loans shot up 162 percent year-on-year in the first nine months of the last fiscal year as debt servicing of loans taken for some mega projects has started.

The Bangladesh Bank yesterday appointed an administrator to Nagad after one too many allegations of irregularities in the mobile financial service provider’s operations and dealings.

After seven years, S Alam Group’s control over Islami Bank ended yesterday after the Bangladesh Bank decided to dissolve the board of the country’s largest private sector bank that was heavily dominated by individuals linked to the conglomerate.

The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have unsettled a strong dollar and halted a relentless slide in Japan’s yen.

Indexes of share markets in Bangladesh fell for a fifth trading day yesterday as investors made cautious bets only on blue-chip stocks amidst falling prices. 

Bangladesh is facing several challenges, including restoring law and order and stabilising the economy in the near term.

Bangladesh’s taka weakened further after the central bank allowed more flexibility in the purchase and sale of foreign currencies, reflecting a shortfall of the US dollar in the market.

The Bangladesh Securities and Exchange Commission yesterday formed a four-member investigation committee to look into the overall activities of the Dhaka and Chittagong stock exchanges.

Muhammad Fouzul Kabir Khan, adviser to the power, energy and mineral resources ministry, yesterday sought $1 billion from the World Bank as budgetary support.