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…
BB raises cash withdrawal limit to Tk 3 lakh daily
Bangladesh Bank (BB) has ordered commercial banks not to allow…
China youth unemployment jumps to 17.1% in July
Youth unemployment in China ticked up to 17.1 percent in July,…
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
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
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
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
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
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
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
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 922.61 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
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
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
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
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 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…