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Business

Govt to procure 90,000 mts of fertilizer, 20,000 mts of lentil

Business —28 August, 2024 15:18

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…

Govt to procure 90,000 mts of fertilizer, 20,000 mts of lentil

BB raises repo rate to tame inflation

Bangladesh Bank (BB) has hiked the policy interest rate (repo…

S Alam’s board at SIBL dissolved

In a move to protect depositors' interests, Bangladesh Bank…

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…

Islami Bank dismisses eight top officials

Eight top officials, including five DMDs, of the Islami Bank Bangladesh Limited (IBBL) who were identified as collaborators ofS Alam Group, have been dismissed from the bank. To this…

BB sets loan limit for 6 banks owned by S Alam Group

Bangladesh Bank (BB) has imposed limits on the disbursement of loans for six banks owned by the controversial S Alam Group for restructuring these banks. From now on these banks cannot…

Wahiduddin warns of 'widespread irregularities' in projects

Planning and Education Adviser Wahiduddin Mahmud on Monday spoke of significant irregularities in ongoing development projects, stressing the urgent need for thorough scrutiny and…

Khondoker Rashed new BSEC chairman

Banker Khondoker Rashed Maqsood has become the new chairman of the capital market regulator Bangladesh Securities and Exchange Commission (BSEC). The Financial Institution Division…

BB raises cash withdrawal limit to Tk 3 lakh daily

Bangladesh Bank (BB) has ordered commercial banks not to allow cash withdrawals of more than Tk 3 lakh per account daily. Earlier, the limit was Tk 2 lakh. The central bank also instructed…

China youth unemployment jumps to 17.1% in July

Youth unemployment in China ticked up to 17.1 percent in July, official figures showed, the highest level this year as the world's second-largest economy faces mounting headwinds.…