Business
Price of petroleum fuels drops
Business —31 August, 2024 12:58
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…
Govt to sell 52 duty-free luxurious cars of former MPs: Salehuddin
Adviser to the interim government on the Ministries of Finance…
Don’t buy S Alam Group’s assets: BB governor to public
Bangladesh Bank has issued a stern warning to the public against…
Govt to procure 90,000 mts of fertilizer, 20,000 mts of lentil
The government on Wednesday approved separate proposals for procuring some 90,000 metric tons (mts) of fertilizer and 20,000 mts oflentil to meet the growing demand of the country.…
Asian markets slip as traders await US data
Equity investors stepped cautiously Wednesday ahead of key US data and the release of earnings by tech titan Nvidia that could shine a light on demand for artificial intelligence after…
BGMEA seeksTk 19 billion soft loan
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Tuesday sought soft loan facilities of around Tk 19 billion from the government to recoup their recent losses…
No more scope to generate black money: Salehuddin
Adviser to the interim government on the Ministries of Finance and Commerce Dr Salehuddin Ahmed today categoricallysaid that the government would not allow anyone for generating black…
BB raises repo rate to tame inflation
Bangladesh Bank (BB) has hiked the policy interest rate (repo rate) by 50 basis points to 9 percent as part of efforts to rein in inflation. On Sunday, the central bank took the decision…
S Alam’s board at SIBL dissolved
In a move to protect depositors' interests, Bangladesh Bank has dissolved the board of directors of Social Islami Bank Limited (SIBL) and appointed a new five-member board to oversee…
BB raises cash withdrawal limit to Tk 4 lakh daily
Bangladesh Bank (BB) has ordered commercial banks not to allow cash withdrawals of more than Tk 4 lakh per account daily. Earlier, the limit was Tk 3 lakh. The central bank has hiked…
BB in dark on S Alam Group's bank loans
The Bangladesh Bank remains in the dark regarding the exact amount of loans taken by S Alam Group, a conglomerate that allegedly seized control of six banks with the backing of the…
BTRC reports 1235 towers out of order in flood-hit districts
A total of 1235 mobile towers out of 13,491 in 10 flood affected districts have remained out of order due to flood, according to the Bangladesh Telecommunication and Regulatory Commission…
Islami Bank freed from S Alam Group's control
Bangladesh Bank has dissolved the board of Islami Bank, effectively ending the controversial control exerted by the S Alam Group.in On Thursday, the central bank's governor,…
Beximco, Bashundhara, Summit, Orion and Nassa groups under scanner
National Board of Revenue has initiated an investigation against the owners of the prominent business conglomerates Beximco, Bashundhara, Summit, Orion, and Nassa groups. They are--…
BB appoints administrator to Nagad amid scrutiny over AL ties
The Bangladesh Bank (BB) has appointed an administrator to oversee operations at 'Nagad,' amid growing allegations that the digital financial service benefited from undue privileges…
Banking sector went downhill since 2017: ABB Chairman
The rot in the banking sector started in 2017, when Bangladesh Bank (BB) allowed a large industrial group to fully control a large private bank in the country, according to the…
BB won't provide 'illegal liquidity support' to banks: Governor
Bangladesh Bank (BB) will not provide illegal liquidity support or any other facilities to any bank, including Sharia-based Islami banks. Governor Ahsan H. Mansur said this while…