Business


FSIB hopes to turn around by December

Business —14 September, 2024 12:38

Bangladesh’s banking sector fell into an abyss from which there seemed to be no way out at some point of the last decade. Ask insiders, particularly…

FSIB hopes to turn around by December

Five Petrobangla staff temporarily suspended

Four officers and one employee of Petrobangla have been temporarily…

Five Petrobangla staff temporarily suspended
Reserve stands $19.46 billion

Bangladesh Bank (BB) has paid USD $1.37 billion in import liabilities…

Reserve stands $19.46 billion

Trade and commerce with Pakistan to be revived: Salehuddin 

Trade and commerce with Pakistan to be revived: Salehuddin 

Finance and Commerce Adviser Dr Salehuddin Ahmed on Tuesday put emphasis on expediting the long stagnated trade and commerce relations between Bangladesh and Pakistan.  "Trade…

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

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

The government on Tuesday approved separate proposals for procuring some 25,000 metric tons (MTs) of rock phosphate and 40,000MTs of MOP fertilizer to meet the growing demand of the…

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

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

The Bangladesh Securities and Exchange Commission (BSEC) on Monday formed a committee to investigate the market involvement and activities by Saiful Alam, popularly known as S Alam,…

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.…