Business
BTRC reports 1235 towers out of order in flood-hit districts
Business —24 August, 2024 11:15
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…

Banking sector went downhill since 2017: ABB Chairman
The rot in the banking sector started in 2017, when Bangladesh…
BB won't provide 'illegal liquidity support' to banks: Governor
Bangladesh Bank (BB) will not provide illegal liquidity support…
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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…
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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…
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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.…
Global fashion brands cut Bangladesh orders after turmoil
Top international fashion brands are shifting orders away from Bangladesh because of the turmoil that surrounded the fall of authoritarian Prime Minister Sheikh Hasina, according to…
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Prices of daily essentials to come down gradually: Finance Adviser
Finance and Planning Adviser Dr Salehuddin Ahmed on Wednesday said the prices of daily essentials will come down gradually. "Common people will get relief to some extent. But…

Money launderers will find no rest: new BB governor declares war on illicit finance
The newly appointed Governor of Bangladesh Bank, Dr. Ahsan H. Mansur, delivered a powerful message on his first day in office, vowing to leave no stone unturned in the fight against…
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Ahsan H Mansur tipped to be next BB governor
Eminent economist Ahsan H Mansur is likely to be the next governor of Bangladesh Bank according to officials familiar with the development on Tuesday. The interim government…
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‘Economy not in bad shape; it has merely slowed down’: Finance Adviser
Finance and Planning Adviser Dr. Salehuddin Ahmed on Tuesday urged government officials to expedite the completion of ongoing development projects, stressing their critical impact…
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SIBL hid default loans of Tk7924cr
The Social Islami Bank LTD (SIBL), a second-generation commercial bank has hidden a defaulted loan amount of Tk7924 crore to Bangladesh Bank (BB). A central bank deputy governor…
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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…