Business


Hafizur Rahman appointed as administrator of FBCCI

Business —11 September, 2024 15:03

The government has appointed Md Hafizur Rahman, a member of Bangladesh Competition Commission and also a former additional secretary, as the administrator…

Hafizur Rahman appointed as administrator of FBCCI

Govt to procure 25,000MTs of rock phosphate, 40,000MTs of MOP fertilizer

The government on Tuesday approved separate proposals for procuring…

Govt to procure 25,000MTs of rock phosphate, 40,000MTs of MOP fertilizer
Body formed to probe stock manipulation by S Alam, Salman F Rahman

The Bangladesh Securities and Exchange Commission (BSEC) on…

Body formed to probe stock manipulation by S Alam, Salman F Rahman

BAB gets new chairman after 17 years

BAB gets new chairman after 17 years

Dhaka Bank Chairman Abdul Hai Sarkar has been elected as the new chairman of the Bangladesh Association of Banks (BAB). Apart from this, First Security Islami Bank Chairman Mohammad…

Inflation eases in August

Inflation eases in August

The overall inflation has decreased by 1.17 percent in August compared to July, according to Bangladesh Bureau of Statistics (BBS) report on Sunday. The BBS data showed that the overall…

Narayanganj Chamber, BKMEA allege extortion, demand return of money paid

Narayanganj Chamber, BKMEA allege extortion, demand return of money paid

Mohammad Masuduzzaman Masud, President of the Narayanganj Chamber of Commerce and Industry, has alleged that extortion demands have been made from garment traders' associations BKMEA…

NBR targets six-month drive to expand tax net

NBR targets six-month drive to expand tax net

The National Board of Revenue (NBR) has set a six-month target to significantly broaden its tax base, aiming to reduce the disproportionate burden on the country's existing taxpayers.…

10 banks face provision shortfall of over Tk 31,000cr

10 banks face provision shortfall of over Tk 31,000cr

Ten banks, including six private commercial ones, had faced a provision shortfall of around Taka 31,549 crore in total at the end of June this year, as per the latest data of Bangladesh…

Cent percent cash margin for import of luxury products

Cent percent cash margin for import of luxury products

Bangladesh Bank (BB) has instructed banks to keep a 100 percent cash margin for importing 14 luxury goods including gold, cosmetics, processed food, soft drinks, and leather goods…

S Alam Group consumes half of Islami Bank’s loans

S Alam Group consumes half of Islami Bank’s loans

S Alam Group companies alone have taken more than half of the total loans of Islami Bank, recovering which is the challenge for the authorities, said Md. Obayed Ullah Al Masud, newly…

Akbar Sobhan and Anvir of Bashundhara under CID scanner

Akbar Sobhan and Anvir of Bashundhara under CID scanner

The Criminal investigation Department (CID) has decided to investigate the allegation of money laundering against Bashundhara Group chairman Ahmed Akbar Sobhan, managing director (MD)…

NBR cuts import duty on potato, onion 

 

NBR cuts import duty on potato, onion  

The National Board of Revenue (NBR) has issued a notification reducing import duty on onion, potato and fertilizer , aiming to ease imports and increase the supply of these goods.…

BB dissolves IFIC Bank board

BB dissolves IFIC Bank board

The Bangladesh Bank (BB) has dissolved the board of directors of the IFIC Bank PLC. The central bank has also formed a new board for IFIC Bank with the appointment of four independent…

Special loan repayment facility for flood victims

Special loan repayment facility for flood victims

Bangladesh Bank (BB) has announced a special facility for flood-affected farmers and CMSME (Cottage, Micro, Small and medium enterprises) entrepreneurs to repay the loan installments.…

Price of petroleum fuels drops

Price of petroleum fuels drops

The interim government has decreased the prices of petroleum fuels at the retail level with effect from September 1. As per a gazette notification issued by the Energy and Mineral…

Upward trend in remittance: Bangladesh receives over $2b in Aug

Upward trend in remittance: Bangladesh receives over $2b in Aug

Bangladesh is showing an upward trend again in remittance sent by expatriates and exceeded US$ 2 billion in 28 days of August.  According to Bangladesh Bank's updated report on…

Exim Bank board restructured

Exim Bank board restructured

Bangladesh Bank (BB) has restructured the board of directors of Exim Bank, removing chairman Md Nazrul Islam Mazumder and his wife, Nasreen Islam, from the board.  The central…