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Business

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

Business —8 September, 2024 11:15

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

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

S Alam Group consumes half of Islami Bank’s loans

S Alam Group companies alone have taken more than half of the…

Akbar Sobhan and Anvir of Bashundhara under CID scanner

The Criminal investigation Department (CID) has decided to investigate…

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

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

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

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

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

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…

BSEC lifts floor price for 4 more cos

The Bangladesh Securities and Exchange Commission (BSEC) has removed the floor price for the shares of four more companies. The companies are BSRM Ltd, Khulna Power, Meghna Petroleum,…

Govt to sell 52 duty-free luxurious cars of former MPs: Salehuddin

Adviser to the interim government on the Ministries of Finance and Commerce Dr Salehuddin Ahmed today said the interim government has decided to sell 52 luxurious cars imported for…

Don’t buy S Alam Group’s assets: BB governor to public

Bangladesh Bank has issued a stern warning to the public against purchasing assets related to S Alam Group, as the central bank plans to sell these properties to recover funds for…

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…