The BFIU also ordered banks to suspend local facilities extended to them for 30 days

The tax administrator wants to check whether they have been paying their taxes properly

Bangladesh Bank has suspended liquidity support for some Shariah-based banks, says Ahsan H Mansur in a meeting with FBCCI

Transactions through the accounts will remain suspended for 30 days in the first instance

Turnover at Dhaka Stock Exchange (DSE) increased sharply yesterday as resilient investors put fresh bets on lucrative blue-chip stocks amid price movements..Turnover, which indicates the total value of shares trading on the trading floor, increased 67.84 percent from that on the preceding

S Alam Group and its associate companies took out Tk 95,331 crore between 2017 and June this year from six banks, with 79 percent of the sum coming from Islami Bank.

Gold prices eased on Monday, but hovered around historic $2,500 level, as traders locked in profits following bullion’s climb to an all-time peak in the previous session on expectations of a US interest rate cut next month.

Thermax Textile Mills, one of the sponsor shareholders of SBAC Bank PLC, is going to sell most of the stakes it has in the bank.

Monetary policy is a crucial tool for managing a country’s economy. It involves the regulation of money supply and interest rates by a central bank to achieve macroeconomic objectives such as controlling inflation, maintaining currency stability, and fostering economic growth. For a developing country like Bangladesh, an effective monetary policy is essential in steering economic stability and growth, especially during periods of global economic uncertainty.

Activities at the Dhaka Export Processing Zone (DEPZ) in Savar continued to face disruptions as protesters, who are campaigning for equal opportunities, hampered production at units inside the facility for a third consecutive day.

Japan has expressed happiness over Bangladesh reaching political stability recently and assured of continuing its support for the development of the country, said Finance and Commerce Adviser Salehuddin Ahmed yesterday.  

Political unrest in Bangladesh since the start of July has been severely affecting India’s inbound tourism industry, according to local outbound tour operators.

The Bangladesh Bank restricted six banks linked to S Alam Group from lending activities to prevent their situation from deteriorating further amid allegations of wrongdoing.

The latest move comes after a mass uprising toppled Sheikh Hasina, a long-time rival of Khaleda, on August 5, ending a15-year Awami League rule.

The Forum wants intervention of the commerce adviser and a re-election at the garment makers’ platform

Islami Bank Bangladesh yesterday terminated its contracts with eight top officials amid unrest in the largest Shariah-based bank in the country following the political changeover.

A detailed report will be published, says the planning and education adviser

The accounts of their family members will also be frozen

Hafiz Md Hasan Babu sent his resignation letter to DSE and BSEC through email

The banks are: Islami Bank Bangladesh, First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, and Bangladesh Commerce Bank