Banks asked to freeze accounts of Amir Hossain Amu, daughter

The Bangladesh Financial Intelligence Unit (BFIU) has instructed all banks to freeze accounts belonging to Amir Hossain Amu, a former Awami League lawmaker and industries minister, and his daughter Sumaiya Hossain
18 August 2024, 13:52 PM

Rashed Maqsood gets top job at BSEC

The interim government has appointed Khondoker Rashed Maqsood as chairman of the Bangladesh Securities and Exchange Commission (BSEC) for four years, according to a notice issued by the finance ministry today..His appointment comes a day after M Masrur Reaz, an economist, declined to join
18 August 2024, 13:12 PM

Banks asked to freeze accounts of Harun, his wife

Harun or Rashid has recently been transferred from the detective branch to the crime and operations department
18 August 2024, 11:32 AM

Palli Sanchay Bank officials demand removal of managing director

Sheikh Md Jaminur Rahman and his associates used political ties to establish dominance in the bank
18 August 2024, 09:25 AM

World Bank, ADB urged to continue funding logically acceptable projects

Finance Adviser Salehuddin Ahmed says after meeting with ADB
18 August 2024, 09:03 AM

Amnesty for black money should not exist: new NBR chairman

Today was the first day for Abdur Rahman Khan as NBR chairman
18 August 2024, 08:41 AM

Japan firms see Harris presidency as better for business than Trump

Some 43 percent of Japanese firms said they preferred Harris in light of their corporate strategies and business plans while 8 percent picked Trump
18 August 2024, 06:41 AM

Dhaka stocks slump in early trade

The benchmark index DSEX lost 120 points as of 12.26pm
18 August 2024, 06:29 AM

Foxconn chief defends India hiring after report that it rejects married women

The company has opened a multi-storey hostel complex, which is exclusive to 18,720 Foxconn women workers, near Chennai of India
18 August 2024, 06:03 AM

Power dominates Bangladesh’s imports from India

Bangladesh imported electricity worth $1 billion from Adani Power in fiscal year 2023-24, which was 9.3 percent of the country’s $11 billion-worth imports from India that year, according to a media report..That means, Bangladesh’s imports of electricity from India have practically doubled
17 August 2024, 18:00 PM

Banking sector reform: where and how?

We have been talking about banking sector reforms since long as our banking sector is plagued with insider lending, bad loans, low capitalisation and risk coverage, weak governance, sub-optimal automation, a lack of expert manpower and non-availability of better products to serve the emerging clients and cater their shifting demands.
17 August 2024, 18:00 PM

‘Big defaulters won’t be spared’

Finance Adviser Salehuddin Ahmed has vowed to mete out exemplary punishment to big loan defaulters as the interim government scrambles to fix the ailing banking sector of Bangladesh.
17 August 2024, 18:00 PM

Masrur declines to join BSEC

In a change of heart, economist and public policy analyst M Masrur Reaz has decided against joining the Bangladesh Securities and Exchange Commission (BSEC) as its chairman.
17 August 2024, 18:00 PM

Wage growth slows after 30 months

Wage growth in Bangladesh fell slightly last month after climbing for 30 months since January 2022, according to official data.
17 August 2024, 18:00 PM

BB may hike policy rate again to curb inflation

The Bangladesh Bank may increase the policy rate for both local and foreign currencies in a bid to reduce inflation and increase international reserves.
17 August 2024, 18:00 PM

Cash withdrawals from banks capped at Tk 3 lakh

A senior central bank official said security concerns have been gradually easing, which is why the withdrawal limit was relaxed.
17 August 2024, 16:04 PM

Internet must be declared a basic human right

Going against the tide, Bangladesh kept internet services suspended for quite some days, which has dealt a heavy blow to public life, industries and service sectors
17 August 2024, 11:47 AM

Where are we heading?

By bringing down a despotic leviathan, the anti-discrimination student movement has earned the moral authority to be spokespersons for the whole nation
17 August 2024, 07:03 AM

Tk 45,000cr stuck in shady loans

Directors of eight private banks borrowed heavily from each other’s banks in reciprocal lending practices fraught with serious risks. Some banks went one step further and lent thousands of crores to relatives of these banks’ chairmen or directors. 
16 August 2024, 18:00 PM

Loans from Janata, NBL: S Alam, Nassa got Tk 2,544cr waiver in breach of rules

Chattogram-based conglomerate S Alam Group and garment manufacturer Nassa Group were given interest waivers amounting to Tk 2,544 crore bypassing banking rules, in a testament to the outsize influence oligarchs had on the banking sector during the Awami League-led government of the past 15 years.
15 August 2024, 18:00 PM