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

Customers of Shariah-based banks yesterday urged the authorities concerned to bring back funds of Islami Bank Bangladesh which have allegedly been misappropriated by S Alam Group and ensure legal steps against the group’s owner Mohammed Saiful Alam and those who abetted him..The customers,

The restrictions on managing directors (MDs) and chief executive officers (CEOs) from travelling abroad have been withdrawn.

A new governor has joined the central bank of Bangladesh. As a leading macroeconomist, he has rightly identified inflation and the lack of discipline in the banking sector as the main culprits to be addressed. Both issues are very important, there’s no doubt about it.

Six foreign fuel suppliers are piling pressure on Bangladesh Petroleum Corporation (BPC) to clear outstanding dues amounting to nearly half a billion US dollars, but a forex crunch in local banks is proving to be a major barrier to timely payments.

More than 3.37 lakh hectares of cropland have been affected in Bangladesh due to flash floods induced by heavy rains and the rush of water from upstream, the agriculture ministry said in a report yesterday. 

At least Tk 127 crore owed by e-commerce companies to customers as refunds has been stuck in payment gateways since 2021, according to the commerce ministry documents.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday elected a new president after SM Mannan (Kochi), the immediate past president, resigned on health grounds.

A memorandum of understanding (MoU) signed between the Bangladesh Sugar and Food Industries Corporation (BSFIC) and S Alam & Co, aimed at modernising ailing state-run sugar mills, has been cancelled by the government. 

Transport activities, including movement of imported goods and those meant for exports, have been halted since Thursday as the Dhaka-Chattogram highway, the lifeline of the country’s economy, has been submerged by flash floods brought on by heavy rainfall and the rush of water from upstream.

Some 6,552 litres of diesel are consumed daily to power 78 generators in Feni

The accounts of Mintoo, his wife and son were blocked on August 1 in 2007

The election took place in a meeting of the board of directors of CDBL on Thursday

Bangladesh is in talks with the International Monetary Fund for an additional $3 billion loan, according to BBC and Bloomberg reports.

Although the need to diversify Bangladesh’s export basket has been a subject of great discussion for more than two decades, there has been little progress in this regard.