Salehuddin Ahmed attends prize-giving ceremony of the Institute of Chartered Secretaries of Bangladesh (ICSB)

The number of banks in Bangladesh should be reduced from 61 to 30 as part of reforms in the sector, said Prof Moinul Islam yesterday.

Fallen dictator Sheikh Hasina used to regularly lament that she did a great job, but our civil society members were behaving dumb. A few of my friends were quite aggrieved -- our country made so many achievements, yet the Western media and opinion makers were not recognising any of those.

Businesses are worried over the interest rate of bank loans reaching double digits as it will increase the cost of doing business and subsequently affect profitability, the country’s business leaders stated yesterday.

Bangladesh can join hands with Malaysia to develop a sector that caters to global semiconductor industries, which can play a vital role in increasing export earnings, said Shabbir A Khan, president of the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI).

The Bangladesh Securities and Exchange Commission (BSEC) has asked the top officials of 14 listed companies to come to its office with related documents to explain why they declared but failed to pay dividends last year.

A platform representing three dozen local apparel manufacturers has demanded over $10 million payment for fashion items they supplied to the UK retail giant Debenhams.

About $809 million has piled up in a Bangladesh Bank escrow account to repay loans and interest for the Russia-funded Rooppur Nuclear Power Plant.

At least twenty workers of a garment factory in Ashulia industrial area were assaulted today which the workers claimed were orchestrated by the factory authorities

Unskilled workers wage grew 8.01% in September this year when inflation was 9.92%

The companies declared dividends last year, but failed to hand over those

Ahmed also said that incidents of arson, vandalism, and looting at factories and business establishments have remained a major concern for the business community

The company is responsible for paying the arrears for goods supplied to now-bankrupt British retailer Debenhams

At the turn of the millennium, travelling by road between Sylhet and Dhaka felt akin to a trek across rugged terrain. One would have to awkwardly traverse bumps along narrow and winding paths for upwards of 10 hours to make the trip either way.

Indices of Dhaka Stock Exchange (DSE) rose yesterday on falling by a massive extent on the preceding three days, which was followed by protests by some investors in the capital’s Motijheel who blamed some of the regulator’s recent punitive measures. .The Bangladesh Securities and Exchange

The Ibn Sina Pharmaceutical Industry has announced a 63 percent cash dividend for the financial year that ended on June 30 this year, marking its highest payout in seven years.

The National Board of Revenue (NBR) has formed a taskforce to reform the income tax law in Bangladesh, with its main objective to make the rules people and business friendly.

It goes without saying that in national politics and even in the corporate world, one needs a godfather to survive and succeed. This godfather is not the kind that you find in movies, as in Marlon Brando. These come in the form of mentor guides and, let’s be real, they are the heavyweights who have your back.

Raw jute production in Bangladesh has declined by nearly 10 percent year-on-year, mainly due to punishing heat during the planting period in March and April.

Banks in Bangladesh no longer need regulatory approval to issue payment commitments against the surplus earnings of foreign airlines and shipping companies in the country.