Doreen Power to sell all non-current assets of its Tangail plant 

Doreen Power Generations and Systems Ltd has announced selling all of its non-current assets, including 244.54 decimals of land, of its Tangail 22 megawatt power plant
21 August 2024, 11:02 AM

BB to dissolve Islami Bank board, take over shares of S Alam Group

All shares of S Alam Group will be taken over
21 August 2024, 09:43 AM

REHAB wants cancellation of Detailed Area Plan for 2022-2035

The association recommended approving building designs following the Dhaka Metropolitan Building Construction Rules-2008 and Master Plan of DAP 2010
21 August 2024, 08:49 AM
21 August 2024, 08:34 AM

Banks asked to freeze accounts of Shamim Osman, Salim Osman, family members

Instruction was also given to suspend locker facilities extended to the members of the families for the next 30 days
21 August 2024, 06:38 AM

Need favourable legal framework to recover NPLs

A favourable legal framework for facilitating the recovery of non-performing loans (NPLs) should be formed in consultation with the attorney general and legal experts, according to Selim RF Hussain, chairman of the Association of Bankers, Bangladesh (ABB)..Hussain, also managing director a
20 August 2024, 18:47 PM

Stock indexes drop for fourth day

Indexes of stock markets in Bangladesh maintained their losing streak for a fourth straight trading day yesterday as skittish investors made fresh bets on lucrative blue-chip stocks amid price fluctuations..A Dhaka-based investor said the situation of the market remained volatile as the in
20 August 2024, 18:00 PM

State agencies go tough on S Alam Group

In a major development, three state agencies yesterday made a series of moves against the S Alam Group, its chairman Mohammed Saiful Alam, and his family members amid allegations of loan irregularities during the 15-year tenure of the recently ousted Awami League government.
20 August 2024, 18:00 PM

How BSEC wasted funds on ineffective roadshows abroad

Less than a year after Prof Shibli Rubayat-Ul Islam was appointed as chairman of the Bangladesh Securities and Exchange Commission (BSEC) in May 2020, the regulator started holding roadshows abroad to lure in foreign investors and boost the local market.
20 August 2024, 18:00 PM

More effective steps needed to widen tax net

With 53 years having passed since Bangladesh gained independence, it is now considered as one of the next emerging economies in Asia and has the prospect of being ranked among middle-income countries.
20 August 2024, 18:00 PM

Bangladesh’s dependence on US soybeans growing

Bangladesh’s dependence on the US for soybeans has been increasing, particularly after the outbreak of the Russia-Ukraine war, with local traders, millers and conglomerates diversifying their sourcing for uninterrupted supply of edible oil and animal feed.
20 August 2024, 18:00 PM

Economy seeing renewed optimism

Bangladesh’s economy is experiencing a surge in optimism as institutional reforms and positive investor sentiment take hold, according to LightCastle Partners, an international management consulting firm.
20 August 2024, 18:00 PM

No special liquidity for ailing banks

Bangladesh Bank will no longer try to save any ailing bank by providing it special liquidity support, said Governor Ahsan H Mansur yesterday.
20 August 2024, 18:00 PM

NBR to run audits into 18 S Alam businesses to examine VAT compliance

The Chattogram Customs and VAT Commissionerate today formed four committees to conduct audits into business activities and transactions of 18 companies under Chattogram-based S Alam Group
20 August 2024, 16:05 PM

S Alam, family barred from selling bank shares

The Bangladesh Securities and Exchange Commission (BSEC) today barred Mohammed Saiful Alam, founder of Chattogram-based conglomerate S Alam Group, his family members and companies they own from transferring and selling their shares in six banks.
20 August 2024, 15:04 PM

Demonstrators storm IDRA office

Around 300 officials of Sonali Life Insurance staged a demonstration in front of the office of the Insurance Development and Regulatory Authority (IDRA) today before storming the office and creating a frightening situation
20 August 2024, 14:06 PM

Banks asked to freeze accounts of Nasrul Hamid, family members

Order has been given to suspend transactions through the accounts for 30 days for now
20 August 2024, 13:33 PM

Anir Chowdhury, 13 a2i officials asked to refrain from official duties

Investigations into corruption allegations against them are going on
20 August 2024, 12:48 PM

BB dissolves National Bank board for third time

The step has been taken for the sake of the depositors' money, according to the order issued by BB
20 August 2024, 12:23 PM

Inquiry committee to investigate complaints against five a2i officials

Muhammed Mehedi Hassan, additional secretary of the ICT Division, will chair the committee
20 August 2024, 12:12 PM