Business
Global fashion brands cut Bangladesh orders after turmoil
Business —15 August, 2024 10:56
Top international fashion brands are shifting orders away from Bangladesh because of the turmoil that surrounded the fall of authoritarian Prime Minister…
‘Economy not in bad shape; it has merely slowed down’: Finance Adviser
Finance and Planning Adviser Dr. Salehuddin Ahmed on Tuesday…
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SIBL hid default loans of Tk7924cr
The Social Islami Bank LTD (SIBL), a second-generation commercial…
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Inflation hits 13-year high at 11.66% in July
Bangladesh's inflation soared to a 13-year high in July, reaching 11.66 percent, according to data released by the Bangladesh Bureau of Statistics (BBS) on Monday (August 12). This…

4 top BB officials quit over $30m allegation involving Salman F Rahman
Four senior officials of Bangladesh Bank (BB) resigned on Monday after allegations surfaced that they facilitated a $30 million transfer to Salman F Rahman from the Export Development…

Over Tk 922 billion embezzled in 24 banking scams
Over Tk 922.61 billion was embezzled in 24 major banking scams in a period between 2008 to 2023, reveals a observance of Centre for Policy Dialogue (CPD). The economic think-tank on…
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Deputy governor Nurun Nahar to look after routine work until BB gets a new head
Bangladesh Bank on Sunday conducted some operational activities after the finance ministry tasked Deputy Governor Nurun Nahar to look after the routine work until a new governor is…
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BB raises maximum cash withdrawal limit to Tk 2 lakh
A bank account holder can withdraw cash up to two lakh taka a day for this week given the current security situation, according to a Bangladesh Bank circular. The central bank…
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BB governor resigns
Controversial Bangladesh Bank Governor Abdur Rauf Talukder has resigned, citing personal reasons. His resignation letter was submitted to the secretary of the Financial Institutions…
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BB operating without governor and deputy governors
Unrest in Bangladesh continued for the second day on Thursday disrupting its normal operation. Protests by mid-level officials and employees of the central bank forced four deputy…

Executives appointed by S Alam will not be allowed to enter Islami Bank: CBA
Executives appointed after the takeover of Islami Bank in 2017 will not be allowed to enter the bank. "These executive officers are appointed under the patronage of Sheikh…
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Stock market cheers Hasina's fall
Dhaka stocks surged as the key index DSEX hit a nearly four-and-a-half-year high on Tuesday, following the fall of dictator Sheikh Hasina. The trading began on a high note and maintained…
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Stock market cheers Hasina’s fall
Dhaka stocks surged as the key index DSEX hit a nearly four-and-a-half-year high on Tuesday, following the fall of dictator Sheikh Hasina. The trading began on a high note and maintained…

S&P lowers Bangladesh’s credit rating to ‘B+’ amid external pressure
S&P Global Ratings on Tuesday lowered its long-term foreign and local currency sovereign credit ratings on Bangladesh from 'BB-' to 'B+', affirming its short-term rating…

Shutdowns may cost Bangladesh's economy $10 billion: Bloomberg
Bangladesh’s worst political violence since Prime Minister Sheikh Hasina extended her grip in power in January elections could cost the economy $10 billion, a major setback for…
Mobile net restored partially, compensation on condition
Bangladesh authorities restored internet on mobile network after a 10-day blackout keeping restrictions over major communications app like WhatsApp and Facebook. In response to the…
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Foreign debt servicing crossed $3bn in FY 2023-24
Bangladesh's foreign debt repayment has crossed US$3.0 billion for the first time in a single fiscal year in FY2023-24, of which around $1.0 billion is interest. In the recently…