Business


Over Tk 922 billion embezzled in 24 banking scams

Business —12 August, 2024 12:58

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).…

Over Tk 922 billion embezzled in 24 banking scams

BB operating without governor and deputy governors

Unrest in Bangladesh continued for the second day on Thursday…

BB operating without governor and deputy governors
Executives appointed by S Alam will not be allowed to enter Islami Bank: CBA

  Executives appointed after the takeover of Islami Bank…

Executives appointed by S Alam will not be allowed to enter Islami Bank: CBA

Stock market cheers Hasina's fall

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…

Stock market cheers Hasina’s fall

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 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

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

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…

Foreign debt servicing crossed $3bn in FY 2023-24 

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…

Mobile internet restored after 10 days

Mobile internet restored after 10 days

Bangladesh authorities restored mobile internet after 10 days blackout amid nationwide protest. Users of Robi, Grameenphone, Banglalink and other operators in Dhaka said they could…

Bangladesh garment rocked by protest crackdown

Bangladesh garment rocked by protest crackdown

Bangladesh’s garments industry is reeling after authorities imposed a curfew and communications blackout as part of a deadly crackdown on student protesters, forcing factories…

Tk 255.21 billion cash injected to banks amid liquidity crunch

Tk 255.21 billion cash injected to banks amid liquidity crunch

Bangladesh Bank has lent around Tk 25,521 crore to commercial banks and financial institutions to meet cash demands on Wednesday. Shariah-based banks have borrowed around Tk 1500 crore,…

India cuts development funds for Bangladesh

India cuts development funds for Bangladesh

India has reduced development funds for Bangladesh to 1.2 billion rupees for the upcoming fiscal year 2024-25, around 40 percent down from Rs 2 billion last year.   However, the…

BB asks banks not to charge late fees for delayed payment

BB asks banks not to charge late fees for delayed payment

Bangladesh Bank (BB) has asked all scheduled banks not to charge late fees from clients over delayed repayment and depositing in saving schemes between 18 July and 25 July. Many loan…

Bangladesh restoring internet gradually with ‘censorship’

Bangladesh restoring internet gradually with ‘censorship’

Bangladesh authority on Tuesday night started restoring the broadband internet, censoring Facebook and WhatsApp to curb ‘anti-state propaganda’ on social media. Initially,…

BB announces tight monetary policy aiming to cut inflation to 6.5%

BB announces tight monetary policy aiming to cut inflation to 6.5%

Bangladesh Bank will continue its tight monetary policy for the first half of FY 2024-25, keeping all policy interest rates and exchange rate rates unchanged. The new monetary policy…

Economists and business leaders warn of economic toll from blockades, hartals

Economists and business leaders warn of economic toll from blockades, hartals

Economists and business leaders are calling for a sustainable and peaceful environment in Bangladesh to help navigate the ongoing economic crisis. Experts have highlighted that the…