The stock market was ruined over the last 14 years during Prof M Khairul Hossain and Prof Shibli Rubayat-ul Islam’s tenures at the helm of the securities regulator as they engaged in unprofessional and illegal activities, according to the DSE Brokers Association of Bangladesh (DBA).

Bangladesh’s credit rating will depend on maintaining political stability and the interim government committing to structural reforms, said US ratings agency Moody’s.

Several banks in Bangladesh are clinically dead but are being kept alive through bailouts, said Fahmida Khatun, executive director of the Centre for Policy Dialogue (CPD).

It is the highest in at least a decade

The DSEX declined 1.39% before closing the day at 5,932.28 points

Instruction has also been given to find if there is any bank account in the names of other members of the former minister

The Bangladesh Financial Intelligence Unit made the call

Mohammad Muslim Chowdhury, former comptroller and auditor general, will lead the panel

They sent their resignation letters to the Financial Institutions Division secretary and BB governor

The shares at the prime bourse gained for four straight days earlier

Clinically dead banks should be allowed to close down, the think-tank says

The Financial Action Task Force (FATF), the global anti-money laundering watchdog, has asked India to improve due diligence on the bank accounts of local politicians, government officials and their families, two government sources said.

Bangladesh witnessed a threefold rise in human outflow over the past decade. Yet, remittance inflow has experienced relatively poor growth, rising from $15 billion to a maximum of $24 billion.

Global oil demand growth needs to accelerate in coming months or the market will struggle to absorb an increase in oil supply that Opec+ is planning to make from October, according to data, analysts and industry sources.

Paint companies are increasingly investing in developing new products, particularly those with a low environmental impact, according to Mohsin Habib Chowdhury, the chief operating officer of Berger Paints Bangladesh Limited.

Stocks kept the gaining momentum yesterday with the benchmark index of the Dhaka Stock Exchange rising to a five-month high, surpassing the 6,000-point mark.

Unrest has gripped the banking sector at a time when several banks are burdened with huge default loans and are suffering from low asset quality.

Businesses in Bangladesh, especially those that mostly deal with cash transactions, yesterday said they are contending with a liquidity crunch as the country’s central bank has placed a limit on daily cash withdrawals from banks.

The government yesterday accepted the resignations of the Bangladesh Bank governor and the chairman of Bangladesh Securities and Exchange Commission (BSEC) and decided to fill the position of the governor soon.

Mohammad Ali Khokon resigned from his post as president of the BTMA today, citing personal reasons