The interim government has appointed Mohammad Jainul Bari, the immediate past chairman of the Insurance Development and Regulatory Authority (Idra), as the new chairman of the board of directors of Sadharan Bima Corporation, the finance ministry said in a circular today. Bari has been appointed on a contractual basis for a three-year term

Badiuzzaman Didar, the newly-appointed administrator of Nagad, has filed a general diary (GD) against Tanvir A Mishuk, the former managing director and CEO of the mobile financial service provider

The Bangladesh Securities and Exchange Commission (BSEC) will go tougher on brokerage houses that have a deficit in their consolidated customers account (CCA) in an effort to bring more discipline to the country’s stock market.

The Bangladesh Bank yesterday formed a six-member taskforce to carry out reform initiatives in the country’s banking sector.

Economic activities picked up in August compared to the month prior but could not recover from the trend of contraction that took hold in July, when the overall business environment deteriorated in the face of deadly protests, according to the latest Bangladesh Purchasing Managers’ Index (PMI).

Textile millers yesterday urged the interim government to take immediate steps to improve gas and power supply to production units, as most are now running at only 30 percent capacity.

National Bank, Islami Bank Bangladesh and Social Islami Bank have applied to the Bangladesh Bank (BB) for its guarantee to avail a total of Tk 6,800 crore in liquidity support through the inter-bank money market for a period of three months.

A lack of safety in foreign manufacturing and industrial units in Bangladesh, stemming from the debilitating law and order situation and labour unrest, has become a cause of major concern for foreign investors, denting their confidence.

People are grappling with high inflation because of the fresh injection of Tk 60,000 crore into the market by Sheikh Hasina’s government, Prof Muhammad Yunus, chief adviser to the interim government, said yesterday.

Share market indexes in Bangladesh maintained their upward trend for a second consecutive day yesterday as investors put fresh bets on lucrative issues amidst price fluctuations.

Bangladesh Submarine Cables PLC (BSCPLC) yesterday got approval to issue 2.21 crore ordinary shares against the government’s share money deposit of Tk 166 crore, which was provided when the company set up its second submarine cable for increasing internet bandwidth.

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) urged the National Board of Revenue (NBR) to take steps to fully digitalise its operations and enhance automation systems to optimise revenue generation.

The planning ministry has formed a 12-member taskforce to develop strategies to give a boost to the economy and mobilise resources for equitable and sustainable development.

The Bangladesh Securities and Exchange Commission (BSEC) has decided not to extend the subscription time for directors of Alif Industries who decided to buy shares of the company worth Tk 200 crore.

Bangladesh Bank Governor Ahsan H Mansur has reassured that the central bank will provide liquidity support to assist struggling banks, which is a positive step.

The interim government yesterday appointed an administrator to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) as its president had resigned amid a section of businesspeople demanding its board’s dissolution in the wake of last month’s political changeover.

Some 39 sustainable brand initiatives were awarded in the 2nd SDG Brand Champion Awards 2024, organised by AkijBashir Group in association with Intellier and The Daily Star, at the Le Méridien Dhaka on Tuesday.

Arif Quadri, managing director and CEO of United Commercial Bank (UCB), formally resigned from his post today. He had been absent from office ever since the Sheikh Hasina-led Awami League government was ousted by a mass uprising on August 5

The government has appointed Md Sayed Ali, deputy secretary of the central digital cell under the Ministry of Commerce, as the E-Commerce Association of Bangladesh (e-CAB) administrator

The government appointed an administrator to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), following the resignation of its president amid protests