HSBC says in Global Research report

Experts discussed many other challenges and the importance of raising awareness on social protection among Ready-Made Garment (RMG) workers in the event.

The decision was made yesterday at a meeting between BSEC Chairman Khondoker Rashed Maqsood, Rear Admiral Mir Ershad Ali, director general of the Bangladesh Coast Guard, and other officials from the armed forces

However, passengers with passports will travel through the land port as usual.

The Bangladesh Financial Intelligence Unit (BFIU) yesterday asked banks to freeze all personal accounts of Bashundhara Group Chairman Ahmed Akbar Sobhan, his son and group Managing Director Sayem Sobhan Anvir, and their family members.

Renata PLC, a leading pharmaceutical company in Bangladesh, has started exporting two new products to the UK, thereby expanding its product portfolio in the country, according to a company disclosure.

The media has been abuzz with concerns about the rampant abuse of Bangladesh’s financial sector for more than a decade.

Stock market indexes in Bangladesh fell sharply yesterday, primarily for Islami Bank Bangladesh, as investors were reluctant to pour fresh funds for the purchase of shares amidst price fluctuations.

The interim government of Bangladesh yesterday issued a policy with the aim of raising non-tax receipts as revenue mobilisation in the country remains poor.

Non-bank financial institutions (NBFIs) in the past fiscal year saw their defaulted loans reach a record 33.15 percent of all disbursed loans, according to the central bank, indicating a fragile situation in the sector thanks to widespread loan irregularities and scams.

Bangladesh’s banking sector was not well-managed in recent years. Banks mostly gave loans to their owners, rather than to creditworthy entities. Consequently, several banks are now in difficulty.

Thirty-one organisations and individuals in 25 categories have been recognised and awarded for their excellence in Bangladesh travel, tourism and hospitality sectors

The BFIU also asked to suspend the transactions in the personal and privately-owned institutional accounts of Hanif

The commission recommended NBR cut sugar import duty to 15% from existing 30%

The Bangladesh Financial Intelligence Unit’s five-day deadline to submit the details ends tomorrow

Bonton Foods has selected Minnesota-based Land O’Lakes Venture37 to conduct the study

The DSEX edged down 1.53% from the previous day

The company will spend Tk 11.51 crore for the Bashundhara land and Tk 15.32 lakh at Narayanganj

The company attributed the drop to reduced earnings from international private leased circuit (IPLC) rent and IP Transit services, heightened market competition, and the prolonged disconnection of defaulted clients

The study highlighted that the damage represents 1.81 percent of the national budget for fiscal year (FY) 2024-25