On a hot, scorching day Asif’s office air conditioner broke down, with workers doing little and complaining more.

Grameenphone and Robi, the top two mobile network operators in Bangladesh, have each secured a spectrum allocation of 20 megahertz (MHz) to boost the quality of their services.

The Bangladesh Bank Officers’ Welfare Council has urged the interim government to amend the Bangladesh Bank Order 1972 to ensure complete autonomy of the central bank by establishing administrative, operational and financial independence.

Public funds will be used to pay for repairs to Dhaka Metro Rail stations in the capital’s Kazipara and Mirpur-10 areas as the popular mass rapid transit system is uninsured.

Bangladesh’s credit rating may worsen if the political transition faces challenges or leads to policy paralysis and exacerbates fiscal or external stresses, warned American credit rating agency Fitch Ratings yesterday.

Just a day after a mass uprising toppled Sheikh Hasina’s government on August 5, a group of people, introducing themselves as activists of a major political party, visited an outlet of a leading footwear maker in Rangpur and demanded Tk 5 lakh in return for allowing the showroom to operate.

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.

Salman F Rahman is known for using his influence to get bank loans for Beximco Group by bending rules, but documents seen by this newspaper have revealed how he helped others secure credit, or at least tried to.

The National Board of Revenue (NBR) has asked for bank account details of Chattogram-based businessman Mohammed Saiful Alam and his family members to check if they have been paying their taxes properly.

Oil prices ticked up on Thursday as optimism built that potential US interest rate cuts will boost economic activity and fuel consumption, but concerns over slower global demand curbed gains.

Transactions in their accounts will remain suspended for 30 days

The Asian Development Bank (ADB) has reaffirmed its commitment to Bangladesh, emphasising its ongoing partnership aimed at sustainable development aligned with the nation's aspirations

The tax zone 15 of the tax administrator sent letters to 91 banks and financial institutions

The council also recommended amendment to the Bangladesh Bank Order 1972

The American rating agency assumes the effects to be temporary, and that political stability is restored and sustained

The recent amendment to India’s Power Export Guidelines will not affect the existing power purchase agreement (PPA) between Adani Power and Bangladesh Power Development Board (BPDB), said Adani Group yesterday. 

S&P Global Ratings, an American credit rating agency, placed Bangladesh’s banking sector near the top of its risk scale, assigning the nation a score of 9 out of 10 on its ‘Banking Industry Country Risk Assessment’ scale, with 10 representing the weakest ranking.

Salehuddin Ahmed, finance and planning adviser to the interim government, yesterday said inflation in Bangladesh will go down within a reasonable amount of time.

The government yesterday appointed Abdur Rahman Khan, secretary to Financial Institutions Division (FID), as chairman of the National Board of Revenue (NBR) by cancelling the contractual appointment of Abu Hena Md Rahmatul Muneem. 

As law and order deteriorated following the fall of Sheikh Hasina-led government, trade and business establishments started to be targeted by extortionists and vandals, which is really reprehensible, said a top businessperson yesterday.