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.

At a time when the interim government has initiated various reforms to salvage the ailing banking sector, the Bangladesh Association of Banks (BAB) yesterday urged the finance adviser to consider stakeholders’ suggestions before formulating policies.

Over the past 15 years, the country’s economy presented a number of marvels, including over 6 percent growth on an average per annum. But, its stock market showed a sharp contrast: sluggish, dry and in decline.

Prices of eggs and broiler chicken, two major sources of protein, prevailing in Dhaka’s markets have long surpassed rates set by the interim government in September, putting pressure on consumers plagued with persistently high inflation.

Empty hotels, unsold fruits at roadside vendors and idle jeeps at stands -- these are the adverse sights in the south-eastern hill districts of Khagrachhari and Rangamati, two popular tourist destinations in Bangladesh, following the recent deadly violence.

The BEA also urged the 'anti-discrimination BEA' to stop conducting unfair activities

Fashion brands and retailers are witnessing increased customer footfall ahead of Durga Puja, the biggest annual festival for Hindu community, despite rising prices and political uncertainty.

The stock market regulator formulated a large number of policies, rules and regulations and passed orders in the last 15 years citing the best interests of investors.

Sky Bees Limited, a newly established company, will today sign an agreement with the Bangladesh Export Processing Zones Authority (Bepza) for land to set up an export-oriented unmanned aerial vehicle (UAV) production facility.

The implementation rate of the annual development programme (ADP) in the July-August period of the current fiscal year was the lowest in the past 12 years due to cautious spending by the government and work disruptions amidst political turmoil.

Bangladesh’s inflation continued to ease for the second consecutive month in September as prices of both food and non-food items cooled off, according to the statistics bureau.

Bangladesh’s legal system is overwhelmed by a staggering backlog of cases, leaving many people waiting for justice for years, sometimes even decades.

The demand for steel in Bangladesh has almost halved over the past two months as most construction works have been halted following the recent political changeover, according to industry people.

The way that the stock market has been run over the past 15 years under the Sheikh Hasina-led government can be best summarised as facilitative to the manipulation of stock prices.

Mohiuddin Ahmed Mohi, a former chairman of Bangladesh Samabaya Bank Ltd, embezzled over 11,000 bhori (each bhori is 11.66 grammes) of mortgaged gold from 2,316 customers prior to 2021.

The Bangladesh Securities and Exchange Commission (BSEC) has imposed a fine of Tk 428.52 crore on five firms and four individuals for manipulating prices of Beximco Ltd’s stocks, an unprecedented penalty in the country’s capital market.

23 units of the monitoring systems have already been shipped from Russia

The Bangladesh Financial Intelligence Unit yesterday directed banks to freeze all accounts belonging to Sheikh Hasina’s children Sajeeb Wazed Joy and Saima Wazed Putul, and Sheikh Rehana’s son Radwan Mujib Siddiq Bobby.

S Alam Group and its linked companies account for more than 86 percent of the disbursed loans of Global Islami Bank (GIB), one of the six Shariah-based lenders that were controlled by the Chattogram-based business giant.

Referring to the legal provision requiring a 2 percent shareholding in a commercial bank to become a director, Abdul Mannan,  chairman of First Security Islami Bank (FSIB), said this has driven away seasoned banking leadership from boardrooms and allowed infamous individuals like S Alam into banking leadership roles.