Business


Islami Bank dismisses eight top officials

Business —19 August, 2024 22:00

Eight top officials, including five DMDs, of the Islami Bank Bangladesh Limited (IBBL) who were identified as collaborators ofS Alam Group, have been dismissed…

Islami Bank dismisses eight top officials

BB raises cash withdrawal limit to Tk 3 lakh daily

Bangladesh Bank (BB) has ordered commercial banks not to allow…

BB raises cash withdrawal limit to Tk 3 lakh daily
China youth unemployment jumps to 17.1% in July

Youth unemployment in China ticked up to 17.1 percent in July,…

China youth unemployment jumps to 17.1% in July

Global fashion brands cut Bangladesh orders after turmoil

Global fashion brands cut Bangladesh orders after turmoil

Top international fashion brands are shifting orders away from Bangladesh because of the turmoil that surrounded the fall of authoritarian Prime Minister Sheikh Hasina, according to…

Prices of daily essentials to come down gradually: Finance Adviser

Prices of daily essentials to come down gradually: Finance Adviser

Finance and Planning Adviser Dr Salehuddin Ahmed on Wednesday said the prices of daily essentials will come down gradually.  "Common people will get relief to some extent. But…

Money launderers will find no rest: new BB governor declares war on illicit finance

Money launderers will find no rest: new BB governor declares war on illicit finance

The newly appointed Governor of Bangladesh Bank, Dr. Ahsan H. Mansur, delivered a powerful message on his first day in office, vowing to leave no stone unturned in the fight against…

Ahsan H Mansur tipped to be next BB governor

Ahsan H Mansur tipped to be next BB governor

Eminent economist Ahsan H Mansur is likely to be the next governor of Bangladesh Bank according to officials familiar with the development on Tuesday.  The interim government…

‘Economy not in bad shape; it has merely slowed down’: Finance Adviser

‘Economy not in bad shape; it has merely slowed down’: Finance Adviser

Finance and Planning Adviser Dr. Salehuddin Ahmed on Tuesday urged government officials to expedite the completion of ongoing development projects, stressing their critical impact…

SIBL hid default loans of Tk7924cr

SIBL hid default loans of Tk7924cr

The Social Islami Bank LTD (SIBL), a second-generation commercial bank has hidden a defaulted loan amount of Tk7924 crore to Bangladesh Bank (BB).  A central bank deputy governor…

Inflation hits 13-year high at 11.66% in July

Inflation hits 13-year high at 11.66% in July

Bangladesh's inflation soared to a 13-year high in July, reaching 11.66 percent, according to data released by the Bangladesh Bureau of Statistics (BBS) on Monday (August 12). This…

4 top BB officials quit over $30m allegation involving Salman F Rahman

4 top BB officials quit over $30m allegation involving Salman F Rahman

Four senior officials of Bangladesh Bank (BB) resigned on Monday after allegations surfaced that they facilitated a $30 million transfer to Salman F Rahman from the Export Development…

Over Tk 922 billion embezzled in 24 banking scams

Over Tk 922 billion embezzled in 24 banking scams

Over Tk 922.61 billion was embezzled in 24 major banking scams in a period between 2008 to 2023, reveals a observance of Centre for Policy Dialogue (CPD). The economic think-tank on…

Deputy governor Nurun Nahar to look after routine work until BB gets a new head

 

Deputy governor Nurun Nahar to look after routine work until BB gets a new head  

Bangladesh Bank on Sunday conducted some operational activities after the finance ministry tasked Deputy Governor Nurun Nahar to look after the routine work until a new governor is…

BB raises maximum cash withdrawal limit to Tk 2 lakh

BB raises maximum cash withdrawal limit to Tk 2 lakh

A bank account holder can withdraw cash up to two lakh taka a day for this week given the current security situation, according to a Bangladesh Bank circular.  The central bank…

BB governor resigns 

BB governor resigns 

Controversial Bangladesh Bank Governor Abdur Rauf Talukder has resigned, citing personal reasons. His resignation letter was submitted to the secretary of the Financial Institutions…

BB operating without governor and deputy governors

BB operating without governor and deputy governors

Unrest in Bangladesh continued for the second day on Thursday disrupting its normal operation.  Protests by mid-level officials and employees of the central bank forced four deputy…

Executives appointed by S Alam will not be allowed to enter Islami Bank: CBA

Executives appointed by S Alam will not be allowed to enter Islami Bank: CBA

  Executives appointed after the takeover of Islami Bank in 2017 will not be allowed to enter the bank.  "These executive officers are appointed under the patronage of Sheikh…