Govt starts process to repatriate laundered money, acquire bank scammers’ asset

The interim government has already contacted various foreign organisations seeking their assistance
28 August 2024, 08:49 AM

Apple eyes bigger slice of India's streaming market with Airtel deal

The move comes as competition tightens in India's $28-billion entertainment market and an $8.5-billion merger of the Indian media assets of Reliance and Walt Disney faces close scrutiny from regulators
28 August 2024, 06:48 AM

Finance adviser urges NBR to reconsider duty structure

Finance and Commerce Adviser Salehuddin Ahmed yesterday asked the National Board of Revenue (NBR) officials to reconsider the duty structure of imported essential commodities in a bid to tackle persistent inflation..The adviser said essential commodities, namely edible oil, sugar, potato a
27 August 2024, 18:00 PM

UCB freed from ex-land minister, family’s grip

The family of former land minister Saifuzzaman Chowdhury Javed lost its grip on United Commercial Bank (UCB) yesterday as the Bangladesh Bank dissolved the lender’s board of directors.
27 August 2024, 18:00 PM

Canada slaps 100% tariffs on Chinese EVs

Canadian Prime Minister Justin Trudeau announced Monday 100 percent tariffs on Chinese electric vehicle imports, matching US measures seeking to fend off a flood of Chinese state-subsidized cars into North America.
27 August 2024, 18:00 PM

Germany confirms economy shrank in Q2

The German economy shrank by 0.1 percent in the second quarter, final data confirmed Tuesday, weighed down by sluggish private consumption and a drop in industrial investments.
27 August 2024, 18:00 PM

What investors expect from new BSEC chair

Bangladesh’s stock market has been bearish for the past 14 years, leading to significant losses for many investors, erosion of their confidence and weakening of numerous associated institutions, such as the Investment Corporation of Bangladesh (ICB).
27 August 2024, 18:00 PM

High-tech manufacturing spurs China’s industrial profit growth

China’s industrial profits grew faster in July buoyed by high-tech manufacturing, even as sluggish domestic demand weighed on the recovery in the world’s second-largest economy.
27 August 2024, 18:00 PM

How S Alam family grabbed multiple banks

Bangladesh Bank permitted Mohammed Saiful Alam and his family to seize multiple banks and funnel enormous sums as loans
27 August 2024, 18:00 PM

BB could lower policy rate if inflation falls

Bangladesh Bank Governor Ahsan H Mansur yesterday said it would be possible to lower the policy rates within about six months if inflationary pressure in the country is reduced to a tolerable level.
27 August 2024, 18:00 PM

Islami Bank to appoint 3 auditors to find out causes of irregularities

Islami Bank Bangladesh will appoint three external auditors to root out the causes of irregularities in its loan approvals, forex dealings and employee recruitment process over the past seven years.
27 August 2024, 18:00 PM

Law and order buyers’ main concern

Businesspeople yesterday expressed deep concern over the security of their factories and trade, apprehending that a lack of law and order would prompt foreign buyers to shift work orders to other countries.
27 August 2024, 18:00 PM

Ex-BSEC chief attempted to eavesdrop on investors

The immediate past chairman of the stock market regulator had attempted to get government approval earlier this year to bring voice calls and internet data of stock market investors under surveillance.
27 August 2024, 18:00 PM

MCCI projects higher imports, remittances and slowing inflation

Three major indicators of the economy -- imports, remittances and foreign exchange reserves -- are likely to increase in the first quarter of the current fiscal year, a positive development for the external accounts, according to the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI).
27 August 2024, 18:00 PM

Workers bear the brunt of politically motivated attacks on businesses

Vandalism and arson attacks on factories since earlier this month have created deep concerns among entrepreneurs and plunged thousands of employees who work in these firms into uncertainty.
27 August 2024, 18:00 PM

UCB, Global Islami, Union get new boards of directors

The central bank issued three separate letters to the banks
27 August 2024, 15:42 PM

Could lower policy rate if inflation is reduced: BB governor

Ahsan H Mansur says in a meeting with a delegation of the Dhaka Chamber
27 August 2024, 14:39 PM

Major economic indicators showing signs of improvement: MCCI

Imports, remittances and forex reserves are likely to increase, the leading chamber says
27 August 2024, 14:29 PM

Stocks fall after rising for two days

However, the turnover saw a 34% jump from the previous day
27 August 2024, 12:02 PM

Pakistan eyes $4 billion from Middle Eastern banks

The money will be used to plug external financial gaps, the country's central bank chief says
27 August 2024, 11:31 AM